Guangzhou, the People's Republic of China headquartered YY Inc.'s stock finished Tuesday's session at $45.00, climbing 1.19%. A total volume of 1.82 million shares was traded, which was above their three months average volume of 1.42 million shares. Shares of the Company, which through its subsidiaries, operates an online social platform in the People's Republic of China, are trading below their 200-day moving average by 9.07%. Moreover, YY Inc.'s stock has a Relative Strength Index (RSI) of 41.64.
On November 21st, 2016, YY reported that net revenues for Q3 2016 increased by 40.3% to RMB2,089.8 million (US$313.4 million) from RMB1,490.0 million in Q3 2015. During Q3 2016, net income attributed to YY increased by 155.8% to RMB400.0 million (US$60.0 million) from RMB156.4 million in Q3 2015. Non-GAAP net income attributed to YY increased by 83.7% to RMB435.6 million (US$65.3 million) from RMB237.1 million in Q3 2015.
On November 28th, 2016, research firm Bank of America/ Merrill initiated a 'Buy' rating on the Company's stock, issuing a target price of $60 per share. YY complete research report is just a click away and free at:
Shares in Beijing, China headquartered Weibo Corp. ended yesterday's session 0.12% lower at $51.73. A total volume of 3.25 million shares was traded, which was higher than their three months average volume of 2.02 million shares. The stock has gained 5.83% in the past month, 8.81% in the previous three months, and 165.28% on an YTD basis. Shares of the Company, which operates as a social media platform for people to create, distribute, and discover Chinese-language content, are trading 4.72% above their 50-day moving average and 54.30% above their 200-day moving average. Moreover, Weibo's stock has an RSI of 60.63.
On November 21st, 2016, Weibo's net revenues for Q3 2016 increased 42% y-o-y to $176.9 million, exceeding its guidance of between $168 million and $173 million. Non-GAAP net income attributed to Weibo increased 147% on a y-o-y basis to $54.6 million, and non-GAAP diluted net income per share was $0.24 compared to $0.10 for Q3 2015. The company's adjusted EBITDA increased 117% y-o-y to $57.7 million, reaching an adjusted EBITDA margin of 33% for the reported quarter. The complimentary report on WB can be downloaded at:
On Tuesday, Beijing, the People's Republic of China headquartered 58.com Inc.'s stock saw a decline of 2.76%, to close the day at $32.77 with a total trading volume of 1.37 million shares. Shares of the Company, which operates an online marketplace for local merchants and consumers in the People's Republic of China, are trading 22.73% below their 50-day moving average. The stock has an RSI of 29.24.
On November 11th, 2016, research firm Credit Suisse downgraded the Company's stock rating from 'Outperform' to 'Neutral'.
On November 29th, 2016, 58.com announced that an Executive Vice President, Mr. Chuan Zhang, has tendered his resignation, effective November 29th, 2016. Mr. Zhang's resignation was not due to any disagreement with the Company regarding its business, finance, accounting and/or any other affairs. Mr. Zhang will work with the Company to ensure a smooth transition with his successors. The company stated that Mr. Zhang's responsibilities will be taken over by Mr. Hongyu Xing, Chief Technology Officer, Mr. Jiandong Zhuang, Executive Vice President, Mr. Mingke He, Senior Vice President, and certain Vice Presidents. Sign up for your complimentary research report on WUBA at:
Shares in Mountain View, California headquartered Alphabet Inc. ended the day 0.46% higher at $789.44, with a total trading volume of 1.56 million shares. The stock has gained 1.47% since the start of this year. The Company's shares are trading above their 200-day moving average by 3.40%. Furthermore, shares of Alphabet, which through its subsidiaries, provides online advertising services in the US, the UK, and rest of the world, have an RSI of 49.62.
On October 27th, 2016, Alphabet reported Q3 2016 revenue of $22.45 billion compared to revenue of $18.68 billion in Q3 2015. The company reported GAAP net income of $5.06 billion, or $7.25 per diluted share, compared to Q3 2015 GAAP net income of $3.98 billion, or $5.73 per share. Get free access to your research report on GOOGL at:
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