Jupiter Asset Management Ltd. cut its position in shares of JOYY Inc. (NASDAQ:YY - Free Report) by 63.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,100 shares of the information services provider's stock after selling 239,200 shares during the period. Jupiter Asset Management Ltd. owned 0.25% of JOYY worth $5,738,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in YY. GSA Capital Partners LLP raised its stake in shares of JOYY by 25.9% in the 3rd quarter. GSA Capital Partners LLP now owns 11,846 shares of the information services provider's stock valued at $429,000 after acquiring an additional 2,434 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of JOYY by 1.7% in the 3rd quarter. Natixis Advisors LLC now owns 21,208 shares of the information services provider's stock valued at $769,000 after acquiring an additional 352 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of JOYY by 45.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 99,748 shares of the information services provider's stock valued at $3,615,000 after acquiring an additional 31,341 shares in the last quarter. Cape Ann Asset Management Ltd raised its stake in shares of 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 acquiring an additional 154,200 shares in the last quarter. Finally, Loomis Sayles & Co. L P bought a new position in shares of JOYY in the 3rd quarter valued at approximately $25,000. 36.83% of the stock is owned by hedge funds and other institutional investors.
JOYY Stock Down 3.9 %
Shares of NASDAQ YY opened at $46.75 on Friday. The business's 50 day moving average is $45.18 and its two-hundred day moving average is $39.52. The company has a market cap of $2.52 billion, a P/E ratio of 14.12 and a beta of 0.21. JOYY Inc. has a 12 month low of $27.88 and a 12 month high of $55.31.
Analyst Ratings Changes
A number of brokerages recently weighed in on YY. Benchmark raised JOYY from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. StockNews.com downgraded JOYY from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th.
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JOYY Profile
(
Free Report)
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.
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