JOYY Inc. (NASDAQ:YY) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in JOYY Inc. (NASDAQ:YY - Free Report) by 699.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,573 shares of the information services provider's stock after acquiring an additional 34,620 shares during the period. SG Americas Securities LLC owned 0.07% of JOYY worth $1,656,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Whitefort Capital Management LP grew its stake in shares of JOYY by 168.3% in the third quarter. Whitefort Capital Management LP now owns 565,878 shares of the information services provider's stock valued at $20,507,000 after buying an additional 354,932 shares in the last quarter. Cape Ann Asset Management Ltd increased its holdings in JOYY by 47.8% in the 3rd quarter. Cape Ann Asset Management Ltd now owns 476,900 shares of the information services provider's stock valued at $17,283,000 after purchasing an additional 154,200 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in JOYY in the third quarter worth about $4,383,000. AQR Capital Management LLC purchased a new position in JOYY during the 2nd quarter worth approximately $1,660,000. Finally, Charles Schwab Investment Management Inc. lifted its position in JOYY by 45.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 99,748 shares of the information services provider's stock worth $3,615,000 after acquiring an additional 31,341 shares during the last quarter. 36.83% of the stock is owned by institutional investors and hedge funds.

JOYY Stock Down 4.7 %

Shares of NASDAQ YY traded down $2.17 during mid-day trading on Monday, reaching $44.21. 367,169 shares of the company were exchanged, compared to its average volume of 455,081. JOYY Inc. has a twelve month low of $27.88 and a twelve month high of $47.01. The company's 50-day simple moving average is $39.87 and its 200-day simple moving average is $36.47. The stock has a market capitalization of $2.38 billion, a P/E ratio of 13.36 and a beta of 0.27.

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