YY (NASDAQ:YY) Raised to “Buy” at ValuEngine

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YY (NASDAQ:YY) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Friday, November 1st, ValuEngine reports.

A number of other analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of YY from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research note on Saturday, October 19th. Bank of America lowered their target price on shares of YY from $98.00 to $83.00 and set a “buy” rating on the stock in a research note on Tuesday, August 20th. TheStreet cut shares of YY from a “b-” rating to a “c+” rating in a research note on Friday, August 30th. BidaskClub lowered shares of YY from a “hold” rating to a “sell” rating in a research report on Thursday, October 24th. Finally, UBS Group upgraded shares of YY from a “neutral” rating to a “buy” rating in a research report on Friday, September 20th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. YY currently has an average rating of “Buy” and a consensus price target of $85.01.

Shares of YY stock traded up $0.38 during trading hours on Friday, hitting $65.03. 542,100 shares of the company were exchanged, compared to its average volume of 1,077,976. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of 9.12, a P/E/G ratio of 1.37 and a beta of 1.16. The business’s 50-day simple moving average is $58.63 and its two-hundred day simple moving average is $64.58. YY has a one year low of $51.00 and a one year high of $88.85. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.29 and a current ratio of 4.29.

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

Several hedge funds have recently made changes to their positions in YY. Ladenburg Thalmann Financial Services Inc. lifted its holdings in YY by 214.2% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 377 shares of the information services provider’s stock valued at $26,000 after buying an additional 257 shares during the period. Rehmann Capital Advisory Group lifted its holdings in YY by 200.0% in the second quarter. Rehmann Capital Advisory Group now owns 390 shares of the information services provider’s stock valued at $27,000 after buying an additional 260 shares during the period. Tower Research Capital LLC TRC acquired a new position in YY in the third quarter valued at approximately $30,000. Advisor Group Inc. lifted its holdings in YY by 61.9% in the second quarter. Advisor Group Inc. now owns 696 shares of the information services provider’s stock valued at $48,000 after buying an additional 266 shares during the period. Finally, Bartlett & Co. LLC lifted its holdings in YY by 59.6% in the second quarter. Bartlett & Co. LLC now owns 750 shares of the information services provider’s stock valued at $52,000 after buying an additional 280 shares during the period. Institutional investors own 50.96% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for YY (NASDAQ:YY)

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