Caprock Group LLC Purchases Shares of 9,192 JOYY Inc. (NASDAQ:YY)

Caprock Group LLC acquired a new stake in shares of JOYY Inc. (NASDAQ:YY - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 9,192 shares of the information services provider's stock, valued at approximately $385,000.

Other institutional investors have also recently modified their holdings of the company. Loomis Sayles & Co. L P purchased a new stake in JOYY in the 3rd quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of JOYY by 12.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,634 shares of the information services provider's stock valued at $79,000 after purchasing an additional 300 shares during the period. Blue Trust Inc. lifted its stake in shares of JOYY by 182.2% in the 3rd quarter. Blue Trust Inc. now owns 4,510 shares of the information services provider's stock valued at $163,000 after purchasing an additional 2,912 shares during the period. SG Americas Securities LLC purchased a new position in shares of JOYY in the 3rd quarter valued at approximately $179,000. Finally, Aprio Wealth Management LLC purchased a new position in shares of JOYY in the 4th quarter valued at approximately $202,000. 36.83% of the stock is currently owned by institutional investors.

JOYY Stock Performance

Shares of YY traded up $0.87 on Friday, reaching $46.32. The stock had a trading volume of 248,341 shares, compared to its average volume of 338,293. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 13.99 and a beta of 0.28. The company has a 50-day simple moving average of $41.54 and a 200-day simple moving average of $37.19. JOYY Inc. has a 12-month low of $27.88 and a 12-month high of $47.20.

JOYY (NASDAQ:YY - Get Free Report) last posted its earnings results on Tuesday, November 26th. The information services provider reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.22. JOYY had a return on equity of 4.64% and a net margin of 9.02%. On average, analysts expect that JOYY Inc. will post 3.37 EPS for the current fiscal year.

About JOYY

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.