Ashton Thomas Private Wealth LLC Purchases New Shares in JOYY Inc. (NASDAQ:YY)

Ashton Thomas Private Wealth LLC bought a new position in shares of JOYY Inc. (NASDAQ:YY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,780 shares of the information services provider's stock, valued at approximately $409,000.

Other institutional investors also recently bought and sold shares of the company. Loomis Sayles & Co. L P bought a new stake in shares of JOYY during the 3rd quarter worth $25,000. SBI Securities Co. Ltd. bought a new stake in JOYY during the fourth quarter valued at about $25,000. Global Retirement Partners LLC grew its position in shares of JOYY by 71.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,072 shares of the information services provider's stock valued at $45,000 after purchasing an additional 447 shares during the last quarter. Rhumbline Advisers increased its stake in shares of JOYY by 63.0% in the fourth quarter. Rhumbline Advisers now owns 1,319 shares of the information services provider's stock worth $55,000 after purchasing an additional 510 shares during the period. Finally, Aprio Wealth Management LLC acquired a new position in shares of JOYY during the 4th quarter worth about $202,000. 36.83% of the stock is currently owned by institutional investors.

JOYY Stock Down 3.9 %

Shares of YY stock traded down $1.90 during mid-day trading on Thursday, reaching $46.75. The stock had a trading volume of 428,991 shares, compared to its average volume of 515,385. The firm's 50 day simple moving average is $45.18 and its 200 day simple moving average is $39.52. JOYY Inc. has a one year low of $27.88 and a one year high of $55.31. The firm has a market cap of $2.52 billion, a PE ratio of 14.12 and a beta of 0.21.

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Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. StockNews.com downgraded JOYY from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Benchmark upgraded JOYY from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th.

JOYY Company Profile

JOYY Inc, together with its subsidiaries, operates social media platforms that offer users engaging and experience across various video-based social platforms. It operates through two segments, BIGO and All Other. The company operates Bigo Live, a social live streaming platform, that provides an interactive online stage for users to host and watch live streaming sessions, share their life moments, showcase their talents, and interact with people worldwide; Likee, a short-form video social platform, which enables users to discover, create, and share short videos, with video creation tools and personalized feeds; imo, an instant messenger platform, that provides audio and video communication services; Hago, a social networking platform that offers casual games integrating social features, such as audio and video multi-user chatrooms and 3D virtual interactive party games; and Shopline, a smart commerce platform, that provides solutions and services to enable merchants in creating and growing their brands online and reach customers through various sales channels, including e-commerce platforms, social commerce, and physical retail stores.