JOYY Inc. (NASDAQ:YY) Shares Purchased by E Fund Management Hong Kong Co. Ltd.

E Fund Management Hong Kong Co. Ltd. boosted its holdings in JOYY Inc. (NASDAQ:YY - Free Report) by 179.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,723 shares of the information services provider's stock after buying an additional 12,673 shares during the quarter. JOYY makes up about 0.7% of E Fund Management Hong Kong Co. Ltd.'s holdings, making the stock its 17th largest position. E Fund Management Hong Kong Co. Ltd.'s holdings in JOYY were worth $828,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new position in JOYY in the fourth quarter valued at $25,000. Global Retirement Partners LLC boosted its stake in JOYY by 71.5% during the 4th quarter. Global Retirement Partners LLC now owns 1,072 shares of the information services provider's stock worth $45,000 after purchasing an additional 447 shares during the period. 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. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of JOYY by 54.8% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,495 shares of the information services provider's stock worth $104,000 after buying an additional 883 shares during the period. Hedge funds and other institutional investors own 36.83% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen assumed coverage on JOYY in a report on Monday, May 19th. They issued a "hold" rating on the stock.

JOYY Trading Up 0.2%

Shares of NASDAQ:YY traded up $0.10 during midday trading on Friday, hitting $50.62. The stock had a trading volume of 186,762 shares, compared to its average volume of 508,880. The company has a market capitalization of $2.72 billion, a PE ratio of 15.29 and a beta of 0.21. JOYY Inc. has a 1 year low of $29.70 and a 1 year high of $55.31. The stock has a 50 day moving average price of $44.97 and a two-hundred day moving average price of $43.88.

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.