Sanctuary Advisors LLC Acquires Shares of 11,079 JOYY Inc. (NASDAQ:YY)

Sanctuary Advisors LLC bought a new position in shares of JOYY Inc. (NASDAQ:YY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 11,079 shares of the information services provider's stock, valued at approximately $501,000.

Several other large investors have also added to or reduced their stakes in the business. Rhumbline Advisers lifted its stake in 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 acquiring an additional 510 shares in the last quarter. Caprock Group LLC bought a new stake in JOYY in the 4th quarter worth about $385,000. Blue Trust Inc. increased its position in shares of JOYY by 25.8% during the fourth quarter. Blue Trust Inc. now owns 5,672 shares of the information services provider's stock valued at $237,000 after acquiring an additional 1,162 shares during the last quarter. SG Americas Securities LLC grew its position 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 valued at $1,656,000 after buying an additional 34,620 shares during the period. Finally, Retireful LLC purchased a new position in JOYY in the fourth quarter valued at approximately $241,000. Institutional investors own 36.83% of the company's stock.

Analyst Upgrades and Downgrades

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

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JOYY Price Performance

NASDAQ:YY traded up $2.17 during trading hours on Wednesday, hitting $49.52. The stock had a trading volume of 650,150 shares, compared to its average volume of 515,835. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 14.96 and a beta of 0.28. JOYY Inc. has a one year low of $27.88 and a one year high of $55.31. The company has a 50 day simple moving average of $44.32 and a two-hundred day simple moving average of $38.97.

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.