E Fund Management Hong Kong Co. Ltd. Has $828,000 Stake in JOYY Inc. (NASDAQ:YY)

E Fund Management Hong Kong Co. Ltd. boosted its position in shares of JOYY Inc. (NASDAQ:YY - Free Report) by 179.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,723 shares of the information services provider's stock after acquiring an additional 12,673 shares during the quarter. JOYY accounts for approximately 0.7% of E Fund Management Hong Kong Co. Ltd.'s investment portfolio, making the stock its 17th biggest holding. E Fund Management Hong Kong Co. Ltd.'s holdings in JOYY were worth $828,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in YY. Global Retirement Partners LLC lifted its position in shares of JOYY by 71.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,072 shares of the information services provider's stock valued at $45,000 after buying an additional 447 shares during the last quarter. Rhumbline Advisers lifted its holdings 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 purchasing an additional 510 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of JOYY in the fourth quarter valued at $25,000. BI Asset Management Fondsmaeglerselskab A S increased 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 purchasing an additional 883 shares during the last quarter. Finally, Atria Wealth Solutions Inc. raised its position in shares of JOYY by 8.7% in the fourth quarter. Atria Wealth Solutions Inc. now owns 12,500 shares of the information services provider's stock valued at $523,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 36.83% of the company's stock.

Analyst Upgrades and Downgrades

YY has been the subject of several research analyst reports. Benchmark raised shares of JOYY from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Wall Street Zen began coverage on JOYY in a report on Monday, May 19th. They set a "hold" rating for the company.

JOYY Price Performance

YY stock opened at $49.84 on Tuesday. JOYY Inc. has a fifty-two week low of $28.98 and a fifty-two week high of $55.31. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 15.06 and a beta of 0.21. The business's fifty day moving average price is $44.41 and its two-hundred day moving average price is $43.73.

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.

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