E Fund Management Hong Kong Co. Ltd. lowered its position in shares of JOYY Inc. (NASDAQ:YY – Free Report) by 22.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,217 shares of the information services provider’s stock after selling 4,506 shares during the quarter. JOYY makes up about 0.6% of E Fund Management Hong Kong Co. Ltd.’s investment portfolio, making the stock its 20th largest position. E Fund Management Hong Kong Co. Ltd.’s holdings in JOYY were worth $632,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in YY. Farther Finance Advisors LLC boosted its holdings in JOYY by 5,718.2% in the second quarter. Farther Finance Advisors LLC now owns 640 shares of the information services provider’s stock valued at $27,000 after acquiring an additional 629 shares during the last quarter. SVB Wealth LLC bought a new position in JOYY in the first quarter valued at about $57,000. Kathmere Capital Management LLC bought a new position in JOYY in the first quarter valued at about $217,000. D Orazio & Associates Inc. bought a new position in JOYY in the first quarter valued at about $235,000. Finally, Asset Management One Co. Ltd. bought a new position in JOYY in the first quarter valued at about $253,000. Institutional investors and hedge funds own 36.83% of the company’s stock.
JOYY Stock Down 1.0%
Shares of JOYY stock opened at $57.77 on Thursday. JOYY Inc. has a 12 month low of $30.91 and a 12 month high of $55.31. The business has a fifty day simple moving average of $56.18 and a 200 day simple moving average of $49.44. The stock has a market cap of $3.11 billion, a PE ratio of 17.45 and a beta of 0.21.
Analyst Ratings Changes
View Our Latest Stock Report on YY
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.
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