Ritholtz Wealth Management Raises Stock Position in JOYY Inc. (NASDAQ:YY)

Ritholtz Wealth Management raised its position in shares of JOYY Inc. (NASDAQ:YY - Free Report) by 69.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 37,026 shares of the information services provider's stock after buying an additional 15,127 shares during the quarter. Ritholtz Wealth Management owned about 0.07% of JOYY worth $1,550,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of YY. Loomis Sayles & Co. L P purchased a new stake in JOYY in the third quarter valued at about $25,000. EverSource Wealth Advisors LLC purchased a new position in shares of JOYY in the 2nd quarter valued at approximately $52,000. Northwestern Mutual Wealth Management Co. boosted its stake in 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 worth $79,000 after purchasing an additional 300 shares in the last quarter. Blue Trust Inc. grew its position in JOYY by 182.2% during the 3rd quarter. Blue Trust Inc. now owns 4,510 shares of the information services provider's stock worth $163,000 after purchasing an additional 2,912 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in JOYY during the 3rd quarter valued at approximately $179,000. 36.83% of the stock is currently owned by institutional investors.

JOYY Trading Up 3.0 %

Shares of NASDAQ:YY traded up $1.27 on Friday, hitting $42.94. 396,543 shares of the company were exchanged, compared to its average volume of 653,522. The stock's 50 day moving average price is $38.97 and its 200 day moving average price is $36.09. JOYY Inc. has a 1-year low of $27.88 and a 1-year high of $43.21. The firm has a market capitalization of $2.31 billion, a P/E ratio of 12.97 and a beta of 0.27.

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.