JOYY Inc. (NASDAQ:YY) Shares Purchased by Harvest Fund Management Co. Ltd

Key Points

• Harvest Fund Management Co. Ltd increased its stake in JOYY Inc. by 66.1% during the first quarter, acquiring an additional 7,714 shares and bringing its total holdings to 19,393 shares, valued at approximately $813,000.
• Other hedge funds have also shown significant interest, with OVERSEA CHINESE BANKING Corp Ltd raising its stake by 4,414.1%, now owning 435,878 shares worth $18,111,000.
• As of the latest data, JOYY's stock price was $50.48, with a market cap of $2.72 billion and a price-to-earnings ratio of 15.25, reflecting a stable performance in its market listing.

Harvest Fund Management Co. Ltd increased its holdings in shares of JOYY Inc. (NASDAQ:YY - Free Report) by 66.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,393 shares of the information services provider's stock after acquiring an additional 7,714 shares during the period. Harvest Fund Management Co. Ltd's holdings in JOYY were worth $813,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in JOYY by 4,414.1% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 435,878 shares of the information services provider's stock valued at $18,111,000 after acquiring an additional 426,222 shares during the period. Kathmere Capital Management LLC bought a new position in JOYY during the 1st quarter valued at about $217,000. Moody Aldrich Partners LLC lifted its stake in JOYY by 52.0% during the 1st quarter. Moody Aldrich Partners LLC now owns 13,940 shares of the information services provider's stock valued at $585,000 after acquiring an additional 4,769 shares during the period. Krane Funds Advisors LLC lifted its stake in JOYY by 4.0% during the 1st quarter. Krane Funds Advisors LLC now owns 1,559,646 shares of the information services provider's stock valued at $65,474,000 after acquiring an additional 59,565 shares during the period. Finally, Vontobel Holding Ltd. lifted its stake in JOYY by 34.1% during the 1st quarter. Vontobel Holding Ltd. now owns 7,835 shares of the information services provider's stock valued at $329,000 after acquiring an additional 1,992 shares during the period. Hedge funds and other institutional investors own 36.83% of the company's stock.

JOYY Stock Down 0.2%

YY traded down $0.11 during trading on Friday, reaching $50.20. The company had a trading volume of 206,847 shares, compared to its average volume of 523,246. The stock has a market cap of $2.70 billion, a P/E ratio of 15.17 and a beta of 0.21. The business has a 50 day simple moving average of $50.29 and a 200-day simple moving average of $46.02. JOYY Inc. has a 52 week low of $30.91 and a 52 week high of $55.31.

Wall Street Analyst Weigh In

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

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.