6,605 Shares in JOYY Inc. (NASDAQ:YY) Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. bought a new stake in shares of JOYY Inc. (NASDAQ:YY - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 6,605 shares of the information services provider's stock, valued at approximately $276,000.

Other hedge funds have also made changes to their positions in the company. Whitefort Capital Management LP grew its position in shares of JOYY by 168.3% in the 3rd quarter. Whitefort Capital Management LP now owns 565,878 shares of the information services provider's stock worth $20,507,000 after acquiring an additional 354,932 shares in the last quarter. Cape Ann Asset Management Ltd lifted its stake in JOYY by 47.8% during the third quarter. Cape Ann Asset Management Ltd now owns 476,900 shares of the information services provider's stock worth $17,283,000 after purchasing an additional 154,200 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of JOYY during the third quarter worth $4,383,000. SG Americas Securities LLC raised its stake in JOYY by 699.0% during the fourth quarter. SG Americas Securities LLC now owns 39,573 shares of the information services provider's stock worth $1,656,000 after acquiring an additional 34,620 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of JOYY by 45.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 99,748 shares of the information services provider's stock worth $3,615,000 after purchasing an additional 31,341 shares during the period. Institutional investors and hedge funds own 36.83% of the company's stock.

Wall Street Analysts Forecast Growth

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

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JOYY Trading Down 1.2 %

YY stock traded down $0.58 on Monday, hitting $48.26. 470,742 shares of the company's stock traded hands, compared to its average volume of 525,103. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 14.58 and a beta of 0.21. JOYY Inc. has a 1-year low of $27.88 and a 1-year high of $55.31. The stock has a fifty day moving average of $44.62 and a 200-day moving average of $39.20.

JOYY Profile

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.