SG Americas Securities LLC Trims Stake in JOYY Inc. (NASDAQ:YY)

SG Americas Securities LLC reduced its stake in shares of JOYY Inc. (NASDAQ:YY - Free Report) by 55.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,558 shares of the information services provider's stock after selling 22,015 shares during the quarter. SG Americas Securities LLC's holdings in JOYY were worth $737,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new stake in JOYY in the fourth quarter valued at approximately $25,000. Global Retirement Partners LLC grew its holdings in 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 purchasing an additional 447 shares during the period. Rhumbline Advisers grew its holdings in 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 purchasing an additional 510 shares during the period. Raiffeisen Bank International AG acquired a new stake in JOYY in the fourth quarter valued at approximately $85,000. Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in 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 period. 36.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

YY has been the topic of several research analyst reports. Benchmark raised JOYY from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Wall Street Zen started coverage on JOYY in a research note on Monday, May 19th. They issued a "hold" rating on the stock.

JOYY Stock Performance

Shares of NASDAQ:YY traded down $0.76 during trading on Friday, reaching $49.84. The stock had a trading volume of 642,387 shares, compared to its average volume of 505,424. The business has a fifty day moving average price of $44.20 and a 200-day moving average price of $43.65. The stock has a market cap of $2.68 billion, a PE ratio of 15.06 and a beta of 0.21. JOYY Inc. has a 1-year low of $28.98 and a 1-year high of $55.31.

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.