Jefferies Group LLC Reaffirms Hold Rating for YY Inc. (YY)

YY Inc. (NASDAQ:YY)‘s stock had its “hold” rating reaffirmed by equities research analysts at Jefferies Group LLC in a report issued on Friday. They presently have a $56.00 price target on the information services provider’s stock. Jefferies Group LLC’s price target would indicate a potential upside of 1.99% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. TheStreet upgraded YY from a “c” rating to a “b-” rating in a research note on Wednesday, May 3rd. BOCOM International Holdings started coverage on YY in a research note on Monday, May 8th. They set a “buy” rating and a $64.00 price objective on the stock. Vetr cut YY from a “strong-buy” rating to a “buy” rating and set a $57.51 price objective on the stock. in a research note on Monday, May 8th. T.H. Capital upgraded YY from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Friday, March 10th. Finally, Benchmark Co. started coverage on YY in a research note on Tuesday, April 18th. They set a “buy” rating and a $60.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $57.83.

Analyst Recommendations for YY (NASDAQ:YY)

Shares of YY (NASDAQ:YY) opened at 54.91 on Friday. YY has a 12 month low of $31.07 and a 12 month high of $61.52. The stock has a 50 day moving average of $55.28 and a 200-day moving average of $46.95. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 11.97 and a beta of 1.12.

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Several large investors have recently added to or reduced their stakes in the company. Smith Asset Management Group LP acquired a new stake in YY during the first quarter worth approximately $206,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in YY during the first quarter worth approximately $277,000. Tudor Investment Corp ET AL acquired a new stake in YY during the first quarter worth approximately $280,000. Quantbot Technologies LP acquired a new stake in YY during the first quarter worth approximately $285,000. Finally, DekaBank Deutsche Girozentrale boosted its stake in YY by 770.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 6,439 shares of the information services provider’s stock worth $535,000 after buying an additional 5,699 shares during the last quarter. Institutional investors own 47.85% of the company’s stock.

YY Company Profile

YY Inc (YY) is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The Company’s segments include YY IVAS and others, Huya broadcasting, and 100 Education. YY enables users to create and organize groups of varying sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting and e-learning.

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