YY (YY) Shares Up 5.9%
Shares of YY Inc (NASDAQ:YY) shot up 5.9% on Monday . The stock traded as high as $135.46 and last traded at $135.23. 1,767,600 shares were traded during trading, an increase of 42% from the average session volume of 1,248,133 shares. The stock had previously closed at $127.64.
Several research firms recently weighed in on YY. Vetr upgraded YY from a “hold” rating to a “buy” rating and set a $137.41 price target on the stock in a report on Tuesday. BidaskClub upgraded YY from a “hold” rating to a “buy” rating in a report on Tuesday, January 9th. UBS Group began coverage on YY in a report on Tuesday, January 2nd. They set a “buy” rating and a $135.00 price target on the stock. Finally, ValuEngine upgraded YY from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $90.03.
The company has a market capitalization of $8,524.90, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 1.05 and a beta of 1.20.
Hedge funds have recently added to or reduced their stakes in the business. Andra AP fonden increased its stake in shares of YY by 89.9% during the third quarter. Andra AP fonden now owns 74,254 shares of the information services provider’s stock valued at $6,444,000 after buying an additional 35,154 shares during the period. Hillhouse Capital Management Ltd. increased its stake in shares of YY by 3.4% during the second quarter. Hillhouse Capital Management Ltd. now owns 355,057 shares of the information services provider’s stock valued at $20,604,000 after buying an additional 11,700 shares during the period. Dupont Capital Management Corp purchased a new position in shares of YY during the third quarter valued at $3,853,000. Goldman Sachs Group Inc. increased its stake in shares of YY by 40.0% during the second quarter. Goldman Sachs Group Inc. now owns 816,087 shares of the information services provider’s stock valued at $47,358,000 after buying an additional 232,996 shares during the period. Finally, Korea Investment CORP increased its stake in shares of YY by 15.2% during the third quarter. Korea Investment CORP now owns 102,500 shares of the information services provider’s stock valued at $8,895,000 after buying an additional 13,500 shares during the period. Institutional investors and hedge funds own 56.87% of the company’s stock.
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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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