JOYY Inc. (NASDAQ:YY - Get Free Report) shot up 8.1% on Tuesday . The stock traded as high as $51.19 and last traded at $50.97. 450,510 shares changed hands during mid-day trading, an increase of 25% from the average session volume of 361,575 shares. The stock had previously closed at $47.15.
JOYY Stock Down 2.0 %
The firm has a fifty day moving average of $42.68 and a 200-day moving average of $38.03. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 14.79 and a beta of 0.28.
JOYY (NASDAQ:YY - Get Free Report) last released its quarterly earnings results on Tuesday, November 26th. The information services provider reported $1.01 EPS for the quarter, beating the consensus estimate 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, research analysts forecast that JOYY Inc. will post 3.37 EPS for the current fiscal year.
Institutional Trading of JOYY
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GF Fund Management CO. LTD. acquired a new position in shares of JOYY in the 4th quarter valued at about $1,980,000. Public Employees Retirement System of Ohio increased its holdings in JOYY by 3.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 125,487 shares of the information services provider's stock worth $5,252,000 after purchasing an additional 4,542 shares during the last quarter. Vise Technologies Inc. bought a new stake in shares of JOYY in the fourth quarter worth $284,000. Tiger Pacific Capital LP boosted its stake in JOYY by 23.1% during the 4th quarter. Tiger Pacific Capital LP now owns 680,676 shares of the information services provider's stock valued at $28,486,000 after acquiring an additional 127,829 shares during the last quarter. Finally, Raiffeisen Bank International AG acquired a new position in JOYY during the 4th quarter worth $85,000. Hedge funds and other 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.
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