JPMorgan Chase & Co. trimmed its holdings in JOYY Inc. (NASDAQ:YY - Free Report) by 48.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 77,378 shares of the information services provider's stock after selling 72,339 shares during the quarter. JPMorgan Chase & Co. owned 0.14% of JOYY worth $2,804,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P purchased a new position in JOYY in the third quarter valued at $25,000. EverSource Wealth Advisors LLC acquired a new stake in JOYY in the second quarter valued at approximately $52,000. Northwestern Mutual Wealth Management Co. increased its position in shares of JOYY by 12.9% in the second 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 in the last quarter. Blue Trust Inc. raised its stake in shares of JOYY by 182.2% during the 3rd quarter. Blue Trust Inc. now owns 4,510 shares of the information services provider's stock worth $163,000 after buying an additional 2,912 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of JOYY during the 3rd quarter valued at approximately $179,000. 36.83% of the stock is owned by institutional investors and hedge funds.
JOYY Stock Performance
Shares of NASDAQ:YY traded up $0.94 during trading on Tuesday, reaching $43.88. The stock had a trading volume of 138,185 shares, compared to its average volume of 401,815. JOYY Inc. has a 1-year low of $27.88 and a 1-year high of $45.13. The stock has a market cap of $2.36 billion, a PE ratio of 13.21 and a beta of 0.27. The business has a fifty day moving average price of $39.15 and a 200-day moving average price of $36.17.
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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