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.
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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