JOYY Inc. (NASDAQ:YY) Stock Holdings Reduced by State Street Corp

State Street Corp lowered its holdings in JOYY Inc. (NASDAQ:YY - Free Report) by 6.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 642,724 shares of the information services provider's stock after selling 41,731 shares during the period. State Street Corp owned about 1.13% of JOYY worth $23,292,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Loomis Sayles & Co. L P acquired a new position in JOYY during the 3rd quarter worth $25,000. Atlas Capital Advisors LLC bought a new stake in JOYY in the second quarter valued at about $29,000. EverSource Wealth Advisors LLC acquired a new stake in JOYY during the second quarter valued at approximately $52,000. Northwestern Mutual Wealth Management Co. lifted its holdings 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 buying an additional 300 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of JOYY by 182.2% in the 3rd quarter. Blue Trust Inc. now owns 4,510 shares of the information services provider's stock valued at $163,000 after acquiring an additional 2,912 shares during the last quarter. Institutional investors and hedge funds own 36.83% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on JOYY from $30.00 to $35.00 and gave the company a "neutral" rating in a research report on Tuesday, September 3rd. Benchmark reissued a "hold" rating on shares of JOYY in a research note on Thursday, August 29th.

JOYY Stock Performance

Shares of NASDAQ:YY traded up $0.44 during mid-day trading on Monday, hitting $41.22. The stock had a trading volume of 615,813 shares, compared to its average volume of 499,975. The company's 50 day moving average is $36.51 and its 200-day moving average is $34.62. JOYY Inc. has a 12-month low of $27.88 and a 12-month high of $42.76. The company has a market cap of $2.22 billion, a PE ratio of 12.45 and a beta of 0.26.

JOYY Company 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.