6,030 Shares in JOYY Inc. (NASDAQ:YY) Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. acquired a new stake in JOYY Inc. (NASDAQ:YY - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,030 shares of the information services provider's stock, valued at approximately $253,000.

Several other large investors also recently bought and sold shares of YY. SBI Securities Co. Ltd. purchased a new stake in shares of JOYY in the fourth quarter valued at about $25,000. Rhumbline Advisers raised its holdings in shares of JOYY by 63.0% in the fourth quarter. Rhumbline Advisers now owns 1,319 shares of the information services provider's stock valued at $55,000 after buying an additional 510 shares during the last quarter. Raiffeisen Bank International AG purchased a new stake in shares of JOYY in the fourth quarter valued at about $85,000. BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of JOYY by 54.8% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,495 shares of the information services provider's stock valued at $104,000 after buying an additional 883 shares during the last quarter. Finally, D Orazio & Associates Inc. purchased a new stake in shares of JOYY in the first quarter valued at about $235,000. Institutional investors and hedge funds own 36.83% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen initiated coverage on shares of JOYY in a report on Monday, May 19th. They issued a "hold" rating for the company.

JOYY Stock Down 0.4%

NASDAQ YY traded down $0.19 during trading hours on Friday, hitting $50.68. 89,953 shares of the stock were exchanged, compared to its average volume of 513,223. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 15.31 and a beta of 0.21. JOYY Inc. has a 12-month low of $30.91 and a 12-month high of $55.31. The stock has a 50-day moving average of $46.08 and a 200 day moving average of $44.25.

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.