The YY Inc (YY) Rating Lowered to Neutral at JPMorgan Chase & Co.

The YY Inc (YY) Rating Lowered to Neutral at JPMorgan Chase & Co.

A number of other research analysts have also issued reports on YY. Instinet began coverage on YY in a report on Monday, February 13th. They set a “neutral” rating and a $47.00 target price on the stock. Vetr lowered YY from a “strong-buy” rating to a “buy” rating and set a $57.51 target price on the stock. in a report on Monday, May 8th. Jefferies Group LLC began coverage on YY in a report on Wednesday, February 8th. They set a “hold” rating and a $45.00 target price on the stock. Morgan Stanley lowered YY from an “equal weight” rating to an “underweight” rating in a report on Friday, February 24th. Finally, TheStreet raised YY from a “c” rating to a “b-” rating in a report on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. YY has an average rating of “Buy” and an average price target of $57.83.

YY Inc (NASDAQ:YY) was downgraded by JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report released on Thursday, May 11th. They currently have a $60.00 price objective on the information services provider’s stock, up from their previous price objective of $56.00. JPMorgan Chase & Co.’s price target would suggest a potential upside of 1.30% from the company’s current price.

YY (YY) opened at 59.23 on Thursday. YY has a 12-month low of $31.07 and a 12-month high of $60.16. The firm’s 50-day moving average is $52.00 and its 200 day moving average is $46.02. The stock has a market capitalization of $3.30 billion, a P/E ratio of 12.97 and a beta of 1.11.

Large investors have recently made changes to their positions in the company. Boston Partners raised its stake in shares of YY by 244.3% in the first quarter. Boston Partners now owns 1,316,938 shares of the information services provider’s stock worth $60,724,000 after buying an additional 934,434 shares during the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of YY during the third quarter valued at about $43,583,000. Numeric Investors LLC purchased a new stake in shares of YY during the fourth quarter valued at about $25,004,000. Renaissance Technologies LLC purchased a new stake in shares of YY during the fourth quarter valued at about $19,856,000. Finally, Wellington Management Group LLP raised its stake in shares of YY by 384.4% in the first quarter. Wellington Management Group LLP now owns 543,305 shares of the information services provider’s stock valued at $25,052,000 after buying an additional 431,155 shares in the last quarter. Hedge funds and other institutional investors own 44.44% 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:YY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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