Nomura Cuts YY (YY) Price Target to $152.00

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YY (NASDAQ:YY) had its price target trimmed by Nomura from $161.00 to $152.00 in a report released on Thursday, June 7th. The firm currently has a buy rating on the information services provider’s stock.

A number of other brokerages have also weighed in on YY. Benchmark lifted their price target on shares of YY from $127.00 to $180.00 and gave the company a positive rating in a report on Tuesday, March 6th. Morgan Stanley assumed coverage on shares of YY in a report on Wednesday, March 28th. They set a hold rating and a $135.00 target price on the stock. BidaskClub downgraded shares of YY from a hold rating to a sell rating in a research note on Saturday, April 7th. ValuEngine downgraded shares of YY from a buy rating to a hold rating in a research note on Monday, April 2nd. Finally, Jefferies Financial Group lifted their price target on shares of YY from $158.00 to $164.00 and gave the stock a buy rating in a research note on Tuesday, March 6th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $135.07.

Shares of NASDAQ:YY opened at $115.54 on Thursday. The stock has a market capitalization of $7.08 billion, a P/E ratio of 18.20, a PEG ratio of 0.53 and a beta of 1.52. YY has a 52 week low of $55.50 and a 52 week high of $142.97.

YY (NASDAQ:YY) last announced its quarterly earnings data on Tuesday, June 5th. The information services provider reported $1.09 EPS for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.21). YY had a net margin of 23.00% and a return on equity of 27.41%. The firm had revenue of $517.96 million during the quarter, compared to analyst estimates of $491.32 million. equities analysts forecast that YY will post 7.94 EPS for the current year.

Large investors have recently made changes to their positions in the stock. Candriam Luxembourg S.C.A. boosted its stake in YY by 29.2% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 3,100 shares of the information services provider’s stock valued at $350,000 after purchasing an additional 700 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in YY by 1.1% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 64,519 shares of the information services provider’s stock valued at $6,787,000 after purchasing an additional 700 shares during the period. FDx Advisors Inc. boosted its stake in YY by 11.9% during the 4th quarter. FDx Advisors Inc. now owns 8,038 shares of the information services provider’s stock valued at $909,000 after purchasing an additional 854 shares during the period. Hikari Tsushin Inc. acquired a new position in YY during the 4th quarter valued at about $106,000. Finally, Atria Investments LLC lifted its stake in shares of YY by 33.6% in the 1st quarter. Atria Investments LLC now owns 3,875 shares of the information services provider’s stock worth $408,000 after acquiring an additional 974 shares during the period. 54.37% of the stock is owned by institutional investors and hedge funds.

YY Company Profile

YY Inc, through its subsidiaries, operates a live streaming platform in the People's Republic of China. It engages users to interact in live online group activities through voice, text, and video, as well as to create and organize groups of various sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting, and e-learning.

Analyst Recommendations for YY (NASDAQ:YY)

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