JOYY Inc. (NASDAQ:YY - Get Free Report)'s stock price hit a new 52-week high during trading on Friday . The company traded as high as $42.93 and last traded at $42.82, with a volume of 45190 shares traded. The stock had previously closed at $41.67.
JOYY Stock Performance
The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 12.97 and a beta of 0.27. The stock has a 50-day moving average of $38.97 and a 200-day moving average of $36.06.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Loomis Sayles & Co. L P bought a new position in JOYY during the third quarter worth about $25,000. EverSource Wealth Advisors LLC bought a new position in shares of JOYY in the second quarter valued at about $52,000. Northwestern Mutual Wealth Management Co. grew 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 valued at $79,000 after buying an additional 300 shares during the last quarter. Blue Trust Inc. raised its holdings in JOYY by 182.2% in the 3rd quarter. Blue Trust Inc. now owns 4,510 shares of the information services provider's stock valued at $163,000 after acquiring an additional 2,912 shares during the period. Finally, Aprio Wealth Management LLC acquired a new stake in JOYY during the fourth quarter worth approximately $202,000. 36.83% of the stock is currently owned by institutional investors.
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.
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