New York State Common Retirement Fund Sells 14,000 Shares of JOYY Inc. (NASDAQ:YY)

New York State Common Retirement Fund cut its position in JOYY Inc. (NASDAQ:YY - Free Report) by 10.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,255 shares of the information services provider's stock after selling 14,000 shares during the quarter. New York State Common Retirement Fund owned about 0.23% of JOYY worth $5,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Loomis Sayles & Co. L P purchased a new stake in shares of JOYY during the 3rd quarter valued at $25,000. Rhumbline Advisers raised its position in shares of JOYY by 63.0% during the 4th quarter. Rhumbline Advisers now owns 1,319 shares of the information services provider's stock valued at $55,000 after buying an additional 510 shares in the last quarter. Aprio Wealth Management LLC purchased a new stake in shares of JOYY during the 4th quarter valued at $202,000. Creative Planning purchased a new stake in shares of JOYY during the 3rd quarter valued at $209,000. Finally, Blue Trust Inc. raised its position in shares of JOYY by 25.8% during the 4th quarter. Blue Trust Inc. now owns 5,672 shares of the information services provider's stock valued at $237,000 after buying an additional 1,162 shares in the last quarter. 36.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on YY shares. Benchmark upgraded shares of JOYY from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. StockNews.com upgraded shares of JOYY from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th.

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JOYY Stock Performance

NASDAQ:YY traded down $0.06 during trading hours on Monday, reaching $46.73. The company's stock had a trading volume of 423,736 shares, compared to its average volume of 508,511. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 14.12 and a beta of 0.28. The firm has a 50-day simple moving average of $43.91 and a 200-day simple moving average of $38.73. JOYY Inc. has a 1 year low of $27.88 and a 1 year high of $55.31.

About JOYY

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.