StockNews.com initiated coverage on shares of JOYY (NASDAQ:YY - Get Free Report) in a research note issued on Thursday. The brokerage set a "hold" rating on the information services provider's stock.
Separately, Benchmark raised JOYY from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th.
View Our Latest Stock Report on YY
JOYY Trading Up 0.2 %
NASDAQ:YY traded up $0.08 on Thursday, hitting $39.28. The company's stock had a trading volume of 352,372 shares, compared to its average volume of 478,007. JOYY has a one year low of $27.88 and a one year high of $55.31. The stock has a fifty day moving average of $44.36 and a two-hundred day moving average of $40.79. The firm has a market capitalization of $2.11 billion, a P/E ratio of 11.87 and a beta of 0.21.
Institutional Investors Weigh In On JOYY
Institutional investors have recently modified their holdings of the business. Yunqi Capital Ltd raised its stake in JOYY by 102.3% in the 4th quarter. Yunqi Capital Ltd now owns 1,710,987 shares of the information services provider's stock worth $71,605,000 after purchasing an additional 865,285 shares in the last quarter. Krane Funds Advisors LLC increased its stake in JOYY by 12.0% during the 4th quarter. Krane Funds Advisors LLC now owns 1,500,081 shares of the information services provider's stock worth $62,778,000 after acquiring an additional 160,545 shares during the period. OLP CAPITAL MANAGEMENT Ltd bought a new stake in shares of JOYY during the 4th quarter valued at $57,840,000. Vanguard Group Inc. grew its holdings in shares of JOYY by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 1,129,472 shares of the information services provider's stock worth $47,268,000 after purchasing an additional 13,560 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of JOYY by 1.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 825,299 shares of the information services provider's stock worth $34,539,000 after purchasing an additional 13,710 shares during the period. Institutional investors own 36.83% of the company's stock.
JOYY Company Profile
(
Get 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.
Further Reading
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