JOYY Inc. (NASDAQ:YY) Stake Lifted by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. grew its stake in shares of JOYY Inc. (NASDAQ:YY - Free Report) by 50.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,688 shares of the information services provider's stock after acquiring an additional 52,590 shares during the period. E Fund Management Co. Ltd. owned about 0.29% of JOYY worth $6,557,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Whitefort Capital Management LP raised its holdings in shares of JOYY by 168.3% during the third quarter. Whitefort Capital Management LP now owns 565,878 shares of the information services provider's stock worth $20,507,000 after purchasing an additional 354,932 shares during the period. Cape Ann Asset Management Ltd raised its stake in JOYY by 47.8% during the third quarter. Cape Ann Asset Management Ltd now owns 476,900 shares of the information services provider's stock worth $17,283,000 after acquiring an additional 154,200 shares during the period. Public Employees Retirement System of Ohio bought a new position in JOYY in the third quarter worth about $4,383,000. SG Americas Securities LLC boosted its stake in JOYY by 699.0% in the fourth quarter. SG Americas Securities LLC now owns 39,573 shares of the information services provider's stock valued at $1,656,000 after acquiring an additional 34,620 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of JOYY by 33.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 132,757 shares of the information services provider's stock valued at $5,556,000 after purchasing an additional 33,009 shares during the last quarter. Institutional investors own 36.83% of the company's stock.

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JOYY Stock Performance

Shares of NASDAQ:YY traded down $0.58 during trading hours on Monday, hitting $48.26. The stock had a trading volume of 470,742 shares, compared to its average volume of 525,103. The stock's fifty day simple moving average is $44.62 and its 200 day simple moving average is $39.20. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 14.58 and a beta of 0.21. JOYY Inc. has a 1-year low of $27.88 and a 1-year high of $55.31.

Analyst Ratings Changes

Several analysts recently issued reports on YY shares. StockNews.com downgraded JOYY from a "buy" rating to a "hold" rating in a report on Thursday. Benchmark upgraded JOYY from a "hold" rating to a "buy" rating in a research note 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.