YY (NASDAQ:YY) Upgraded to “Hold” by BidaskClub

YY (NASDAQ:YY) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Friday, BidAskClub reports.

Other equities research analysts have also recently issued research reports about the stock. Bank of America lowered their price target on shares of YY from $98.00 to $83.00 and set a “buy” rating for the company in a research report on Tuesday, August 20th. Jefferies Financial Group initiated coverage on shares of YY in a research report on Monday, August 5th. They issued a “buy” rating and a $76.10 price target for the company. Zacks Investment Research raised shares of YY from a “strong sell” rating to a “hold” rating in a research report on Saturday, September 28th. TheStreet cut shares of YY from a “b-” rating to a “c+” rating in a research report on Friday, August 30th. Finally, UBS Group raised shares of YY from a “neutral” rating to a “buy” rating in a research report on Friday, September 20th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. YY has an average rating of “Buy” and a consensus target price of $86.64.

YY stock traded down $0.14 during mid-day trading on Friday, reaching $57.56. The company had a trading volume of 93,710 shares, compared to its average volume of 974,354. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.29 and a quick ratio of 4.29. The company has a market capitalization of $4.62 billion, a PE ratio of 8.07, a price-to-earnings-growth ratio of 1.22 and a beta of 1.18. The firm has a 50 day moving average of $57.53 and a 200 day moving average of $69.30. YY has a 12 month low of $51.00 and a 12 month high of $88.85.

YY (NASDAQ:YY) last issued its earnings results on Tuesday, August 13th. The information services provider reported $0.75 EPS for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.13). The company had revenue of $917.00 million during the quarter, compared to the consensus estimate of $878.97 million. YY had a return on equity of 9.71% and a net margin of 22.75%. YY’s revenue was up 60.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.03 earnings per share. Analysts anticipate that YY will post 3.3 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Morgan Stanley raised its holdings in shares of YY by 20.8% in the second quarter. Morgan Stanley now owns 3,671,593 shares of the information services provider’s stock worth $255,874,000 after buying an additional 631,243 shares during the last quarter. Invesco Ltd. grew its position in YY by 2.8% during the second quarter. Invesco Ltd. now owns 2,136,237 shares of the information services provider’s stock valued at $148,874,000 after buying an additional 57,612 shares during the period. Greenwoods Asset Management Ltd grew its position in YY by 80.0% during the first quarter. Greenwoods Asset Management Ltd now owns 1,977,179 shares of the information services provider’s stock valued at $166,103,000 after buying an additional 878,685 shares during the period. Vanguard Group Inc. grew its position in YY by 1.5% during the second quarter. Vanguard Group Inc. now owns 1,550,966 shares of the information services provider’s stock valued at $108,087,000 after buying an additional 22,863 shares during the period. Finally, Ward Ferry Management BVI Ltd grew its position in YY by 18.6% during the first quarter. Ward Ferry Management BVI Ltd now owns 1,222,568 shares of the information services provider’s stock valued at $102,708,000 after buying an additional 192,077 shares during the period. 50.08% of the stock is owned by institutional investors and hedge funds.

YY Company Profile

YY Inc, through its subsidiaries, engages in the live streaming business in the People's Republic of China. The company operates YY Live platform, an online music and entertainment live streaming service; Huya platform, a live streaming platform, including online games, console games, mobile games, entertainments, sports, etc.; and Bigo, a leading short-form video social platform.

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Analyst Recommendations for YY (NASDAQ:YY)

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