SG Americas Securities LLC Sells 22,015 Shares of JOYY Inc. (NASDAQ:YY)

SG Americas Securities LLC cut its holdings in shares of JOYY Inc. (NASDAQ:YY - Free Report) by 55.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in YY. SBI Securities Co. Ltd. purchased a new stake in shares of JOYY in the fourth quarter worth about $25,000. Global Retirement Partners LLC increased its holdings 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 acquiring an additional 447 shares during the period. Rhumbline Advisers lifted its stake in JOYY by 63.0% in the 4th quarter. Rhumbline Advisers now owns 1,319 shares of the information services provider's stock worth $55,000 after purchasing an additional 510 shares in the last quarter. Raiffeisen Bank International AG bought a new position in JOYY in the 4th quarter valued at $85,000. Finally, BI Asset Management Fondsmaeglerselskab A S grew its position in shares of JOYY by 54.8% during the 4th 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 in the last quarter. Institutional investors own 36.83% of the company's stock.

JOYY Price Performance

NASDAQ:YY traded up $0.27 during mid-day trading on Tuesday, hitting $49.18. 214,814 shares of the company's stock were exchanged, compared to its average volume of 505,424. The company has a market cap of $2.65 billion, a PE ratio of 14.86 and a beta of 0.21. JOYY Inc. has a one year low of $28.98 and a one year high of $55.31. The business has a fifty day moving average price of $44.41 and a 200 day moving average price of $43.73.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Benchmark raised shares of JOYY from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Wall Street Zen initiated coverage on JOYY in a research note on Monday, May 19th. They issued a "hold" rating on the stock.

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.