JOYY Inc. (NASDAQ:YY) Stock Holdings Raised by Yunqi Capital Ltd

Yunqi Capital Ltd lifted its holdings in JOYY Inc. (NASDAQ:YY - Free Report) by 102.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,710,987 shares of the information services provider's stock after acquiring an additional 865,285 shares during the period. JOYY makes up approximately 45.7% of Yunqi Capital Ltd's portfolio, making the stock its biggest position. Yunqi Capital Ltd owned approximately 3.18% of JOYY worth $71,605,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Barclays PLC increased its stake in JOYY by 1.3% in the third quarter. Barclays PLC now owns 20,543 shares of the information services provider's stock valued at $744,000 after purchasing an additional 270 shares in the last quarter. Natixis Advisors LLC raised its stake in JOYY by 1.7% during the 3rd quarter. Natixis Advisors LLC now owns 21,208 shares of the information services provider's stock worth $769,000 after buying an additional 352 shares during the period. Global Retirement Partners LLC boosted its holdings in JOYY by 71.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,072 shares of the information services provider's stock worth $45,000 after acquiring an additional 447 shares in the last quarter. Rhumbline Advisers grew its stake in JOYY by 63.0% in the fourth quarter. Rhumbline Advisers now owns 1,319 shares of the information services provider's stock valued at $55,000 after acquiring an additional 510 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in JOYY in the fourth quarter valued at approximately $25,000. Institutional investors own 36.83% of the company's stock.

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JOYY Trading Down 0.0 %

Shares of NASDAQ:YY traded down $0.02 during mid-day trading on Wednesday, reaching $48.65. The company had a trading volume of 297,456 shares, compared to its average volume of 517,216. The company's 50-day moving average price is $44.90 and its 200-day moving average price is $39.40. 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 $2.62 billion, a price-to-earnings ratio of 14.70 and a beta of 0.21.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on YY shares. Benchmark upgraded JOYY from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. StockNews.com lowered shares of JOYY from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th.

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.