YY (NASDAQ:YY) Stock Price Down 5.7%

Shares of YY Inc (NASDAQ:YY) were down 5.7% during mid-day trading on Friday . The stock traded as low as $51.98 and last traded at $52.12, approximately 1,120,694 shares changed hands during mid-day trading. A decline of 0% from the average daily volume of 1,126,261 shares. The stock had previously closed at $55.26.

Several equities research analysts recently issued reports on YY shares. Benchmark reaffirmed a “buy” rating and issued a $95.00 price objective (down previously from $106.00) on shares of YY in a research note on Wednesday, May 29th. ValuEngine upgraded shares of YY from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. BidaskClub downgraded shares of YY from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 23rd. Zacks Investment Research upgraded shares of YY from a “sell” rating to a “hold” rating in a report on Saturday, May 11th. Finally, Nomura upgraded shares of YY from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $81.00 to $77.00 in a report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $89.01.

The stock has a market cap of $3.49 billion, a PE ratio of 7.31, a P/E/G ratio of 1.01 and a beta of 1.21. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $66.11.

YY (NASDAQ:YY) last announced its earnings results on Tuesday, May 28th. The information services provider reported $1.38 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.07). YY had a return on equity of 12.91% and a net margin of 24.06%. The firm had revenue of $705.30 million during the quarter, compared to the consensus estimate of $625.37 million. During the same quarter last year, the business earned $1.72 EPS. The business’s revenue was up 36.2% compared to the same quarter last year. Equities research analysts anticipate that YY Inc will post 3.84 earnings per share for the current year.

Several large investors have recently bought and sold shares of the company. LPL Financial LLC boosted its position in YY by 5.1% in the second quarter. LPL Financial LLC now owns 7,194 shares of the information services provider’s stock valued at $501,000 after buying an additional 348 shares in the last quarter. Jennison Associates LLC acquired a new position in shares of YY during the second quarter worth approximately $716,000. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of YY by 13.0% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 47,672 shares of the information services provider’s stock worth $3,322,000 after purchasing an additional 5,500 shares in the last quarter. Bank of Montreal Can lifted its position in shares of YY by 13.2% during the second quarter. Bank of Montreal Can now owns 329,082 shares of the information services provider’s stock worth $22,933,000 after purchasing an additional 38,309 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in shares of YY during the second quarter worth approximately $132,000. Institutional investors own 60.52% of the company’s stock.

YY Company Profile (NASDAQ:YY)

YY Inc, through its subsidiaries, engages in the live streaming business in the People's Republic of China. The company operates YY Live platform, an online music and entertainment live streaming service; Huya platform, a live streaming platform, including online games, console games, mobile games, entertainments, sports, etc.; and Bigo, a leading short-form video social platform.

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