YY’s (YY) Hold Rating Reaffirmed at Jefferies Group LLC

Jefferies Group LLC reissued their hold rating on shares of YY Inc. (NASDAQ:YY) in a research note issued to investors on Friday morning. They currently have a $56.00 price objective on the information services provider’s stock.

Several other equities analysts have also recently issued reports on YY. BidaskClub cut YY from a strong-buy rating to a buy rating in a research note on Wednesday, June 14th. CICC Research cut YY to a hold rating and set a $60.00 price objective on the stock. in a research note on Thursday, May 11th. J P Morgan Chase & Co cut YY from an overweight rating to a neutral rating and raised their price objective for the stock from $56.00 to $60.00 in a research note on Thursday, May 11th. Zacks Investment Research cut YY from a strong-buy rating to a hold rating in a research note on Wednesday, May 17th. Finally, Nomura restated a hold rating and set a $54.00 price objective on shares of YY in a research note on Friday, May 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and a consensus price target of $57.83.

YY (YY) opened at 58.98 on Friday. YY has a one year low of $31.07 and a one year high of $61.52. The firm has a market capitalization of $3.28 billion, a PE ratio of 12.75 and a beta of 1.12. The stock has a 50 day moving average of $55.77 and a 200-day moving average of $47.21.

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A number of large investors have recently modified their holdings of YY. Russell Investments Group Ltd. bought a new stake in shares of YY during the fourth quarter valued at $10,916,000. Aberdeen Asset Management PLC UK raised its stake in shares of YY by 8.2% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 19,900 shares of the information services provider’s stock valued at $784,000 after buying an additional 1,500 shares in the last quarter. State Street Corp raised its stake in shares of YY by 13.7% in the fourth quarter. State Street Corp now owns 500,373 shares of the information services provider’s stock valued at $19,725,000 after buying an additional 60,354 shares in the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of YY during the fourth quarter valued at $10,009,000. Finally, Marshall Wace LLP raised its stake in shares of YY by 3.6% in the fourth quarter. Marshall Wace LLP now owns 14,386 shares of the information services provider’s stock valued at $567,000 after buying an additional 494 shares in the last quarter. 47.60% of the stock is currently owned by hedge funds and other institutional investors.

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.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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