YY Inc. (YY) Downgraded to Sell at Vetr Inc.

Vetr downgraded shares of YY Inc. (NASDAQ:YY) from a hold rating to a sell rating in a research report released on Monday. Vetr currently has $90.35 price target on the information services provider’s stock.

YY has been the subject of a number of other reports. Zacks Investment Research upgraded shares of YY from a hold rating to a strong-buy rating and set a $85.00 price objective for the company in a report on Friday, August 25th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of YY in a report on Wednesday, August 30th. They issued a buy rating and a $101.00 price objective for the company. Bank of America Corporation upped their price objective on shares of YY from $89.00 to $101.00 and gave the stock a buy rating in a report on Monday, October 2nd. Deutsche Bank AG reiterated a buy rating and issued a $100.00 price objective (up from $69.00) on shares of YY in a report on Friday, August 11th. Finally, HSBC Holdings plc restated a buy rating and set a $89.00 price target (up from $65.00) on shares of YY in a report on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $74.58.

YY (YY) opened at 97.32 on Monday. YY has a 52-week low of $37.81 and a 52-week high of $97.59.

YY (NASDAQ:YY) last issued its quarterly earnings data on Thursday, August 10th. The information services provider reported $1.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.19. The firm had revenue of $384.85 million during the quarter, compared to analysts’ expectations of $366.35 million. YY had a net margin of 22.08% and a return on equity of 39.07%. YY’s revenue for the quarter was up 28.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.90 earnings per share. On average, analysts forecast that YY will post $6.15 earnings per share for the current fiscal year.

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Institutional investors and hedge funds have recently made changes to their positions in the company. Advisors Preferred LLC acquired a new position in shares of YY during the second quarter valued at about $145,000. D.A. Davidson & CO. raised its position in shares of YY by 17.4% during the second quarter. D.A. Davidson & CO. now owns 2,700 shares of the information services provider’s stock valued at $156,000 after buying an additional 400 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of YY by 7.5% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,870 shares of the information services provider’s stock valued at $167,000 after buying an additional 200 shares during the last quarter. Profund Advisors LLC acquired a

YY has been the subject of a number of other reports. Zacks Investment Research upgraded shares of YY from a hold rating to a strong-buy rating and set a $85.00 price objective for the company in a report on Friday, August 25th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of YY in a report on Wednesday, August 30th. They issued a buy rating and a $101.00 price objective for the company. Bank of America Corporation upped their price objective on shares of YY from $89.00 to $101.00 and gave the stock a buy rating in a report on Monday, October 2nd. Deutsche Bank AG reiterated a buy rating and issued a $100.00 price objective (up from $69.00) on shares of YY in a report on Friday, August 11th. Finally, HSBC Holdings plc restated a buy rating and set a $89.00 price target (up from $65.00) on shares of YY in a report on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $74.58.

YY (YY) opened at 97.32 on Monday. YY has a 52-week low of $37.81 and a 52-week high of $97.59.

YY (NASDAQ:YY) last issued its quarterly earnings data on Thursday, August 10th. The information services provider reported $1.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.19. The firm had revenue of $384.85 million during the quarter, compared to analysts’ expectations of $366.35 million. YY had a net margin of 22.08% and a return on equity of 39.07%. YY’s revenue for the quarter was up 28.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.90 earnings per share. On average, analysts forecast that YY will post $6.15 earnings per share for the current fiscal year.

WARNING: This news story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another site, it was illegally copied and reposted in violation of US & international copyright and trademark law. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/17/yy-inc-yy-downgraded-to-sell-at-vetr-inc.html.

Institutional investors and hedge funds have recently made changes to their positions in the company. Advisors Preferred LLC acquired a new position in shares of YY during the second quarter valued at about $145,000. D.A. Davidson & CO. raised its position in shares of YY by 17.4% during the second quarter. D.A. Davidson & CO. now owns 2,700 shares of the information services provider’s stock valued at $156,000 after buying an additional 400 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of YY by 7.5% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,870 shares of the information services provider’s stock valued at $167,000 after buying an additional 200 shares during the last quarter. Profund Advisors LLC acquired a new position in shares of YY during the second quarter valued at about $240,000. Finally, Voya Investment Management LLC acquired a new position in shares of YY during the second quarter valued at about $268,000. 55.05% of the stock is owned by institutional investors and hedge funds.

About YY

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.

Analyst Recommendations for YY (NASDAQ:YY)

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