Sumitomo Mitsui Trust Holdings Inc. lowered its position in JOYY Inc. (NASDAQ:YY – Free Report) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,450 shares of the information services provider’s stock after selling 950 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.14% of JOYY worth $3,551,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC raised its stake in shares of JOYY by 168.0% during the third quarter. CWM LLC now owns 930 shares of the information services provider’s stock worth $35,000 after purchasing an additional 583 shares during the last quarter. Blue Trust Inc. raised its stake in shares of JOYY by 221.8% during the fourth quarter. Blue Trust Inc. now owns 943 shares of the information services provider’s stock worth $36,000 after purchasing an additional 650 shares during the last quarter. Assetmark Inc. raised its stake in shares of JOYY by 62.2% during the third quarter. Assetmark Inc. now owns 2,226 shares of the information services provider’s stock worth $85,000 after purchasing an additional 854 shares during the last quarter. Signaturefd LLC raised its stake in shares of JOYY by 14.7% during the third quarter. Signaturefd LLC now owns 4,020 shares of the information services provider’s stock worth $153,000 after purchasing an additional 514 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of JOYY by 115.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 4,732 shares of the information services provider’s stock worth $179,000 after purchasing an additional 2,534 shares during the last quarter. Hedge funds and other institutional investors own 36.83% of the company’s stock.
JOYY Stock Performance
NASDAQ:YY opened at $33.00 on Wednesday. The stock has a fifty day moving average price of $32.26 and a two-hundred day moving average price of $35.42. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 6.64 and a beta of 0.38. JOYY Inc. has a 1 year low of $24.12 and a 1 year high of $43.20.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on YY shares. StockNews.com cut JOYY from a “buy” rating to a “hold” rating in a research report on Monday, March 18th. Bank of America reiterated a “neutral” rating and issued a $35.00 price objective on shares of JOYY in a research report on Monday, March 25th. Finally, Benchmark reiterated a “hold” rating on shares of JOYY in a research report on Tuesday, January 2nd.
Get Our Latest Analysis on JOYY
JOYY Profile
JOYY Inc, together with its subsidiaries, operates social media platforms that offer users engaging and experience across various video-based social platforms. The company operates Bigo Live, a social live streaming platform that allows users to live stream specific moments, such as showcase talents, socialize, and connect with other users worldwide; Likee, a short-form video social platform that focuses on enabling users to create short-form video; Hago, a multiuser social networking platform that provides casual games; imo, an instant messaging application with functions, including video calls and other communication tools, such as group calls, document sharing, etc.; and Shopline, a smart commerce enabler that provides an integrated omnichannel platform for merchants to create and grow brands online and reach customers.
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