JOYY Inc. (NASDAQ:YY - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $36.84 and traded as high as $44.34. JOYY shares last traded at $43.75, with a volume of 168,725 shares changing hands.
JOYY Price Performance
The company has a market capitalization of $2.49 billion, a PE ratio of 13.99 and a beta of 0.28. The stock's 50 day simple moving average is $41.40 and its 200-day simple moving average is $37.11.
JOYY (NASDAQ:YY - Get Free Report) last posted its quarterly earnings results on Tuesday, November 26th. The information services provider reported $1.01 EPS for the quarter, topping 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%. On average, equities analysts predict that JOYY Inc. will post 3.37 earnings per share for the current year.
Institutional Trading of JOYY
A number of hedge funds and other institutional investors have recently bought and sold shares of YY. AQR Capital Management LLC purchased a new stake in shares of JOYY during the 2nd quarter worth approximately $1,660,000. Northwestern Mutual Wealth Management Co. raised its stake in JOYY by 12.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,634 shares of the information services provider's stock worth $79,000 after acquiring an additional 300 shares in the last quarter. SG Americas Securities LLC purchased a new stake in JOYY in the third quarter valued at $179,000. Handelsbanken Fonder AB acquired a new position in JOYY in the third quarter valued at $272,000. Finally, Ritholtz Wealth Management purchased a new position in shares of JOYY during the third quarter worth about $794,000. 36.83% of the stock is currently owned by institutional investors and hedge funds.
About JOYY
(
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
Before you consider JOYY, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and JOYY wasn't on the list.
While JOYY currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
