LSV Asset Management Has $14.44 Million Stock Holdings in JOYY Inc. (NASDAQ:YY)

Key Points

• LSV Asset Management has increased its stake in JOYY Inc. by 14.3%, owning a total of 343,899 shares valued at approximately $14.4 million.
• Other institutional investors, such as BI Asset Management and Vontobel Holding, also raised their holdings in JOYY, indicating a growing interest in the company's stock within the investment community.
• JOYY's stock is currently priced at $50.19 with a market capitalization of $2.7 billion, and it has a 12-month price range between $30.91 and $55.31.

LSV Asset Management boosted its stake in shares of JOYY Inc. (NASDAQ:YY - Free Report) by 14.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 343,899 shares of the information services provider's stock after purchasing an additional 43,100 shares during the period. LSV Asset Management owned 0.64% of JOYY worth $14,437,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Raiffeisen Bank International AG acquired a new stake in shares of JOYY in the fourth quarter valued at approximately $85,000. BI Asset Management Fondsmaeglerselskab A S lifted its position 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 buying an additional 883 shares during the last quarter. Kathmere Capital Management LLC acquired a new stake in shares of JOYY in the first quarter valued at approximately $217,000. D Orazio & Associates Inc. acquired a new stake in shares of JOYY in the first quarter valued at approximately $235,000. Finally, Asset Management One Co. Ltd. acquired a new stake in JOYY during the 1st quarter worth approximately $253,000. 36.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

JOYY Price Performance

Shares of NASDAQ YY traded up $0.37 during mid-day trading on Friday, hitting $51.00. 291,096 shares of the stock traded hands, compared to its average volume of 523,246. JOYY Inc. has a twelve month low of $30.91 and a twelve month high of $55.31. The company has a market cap of $2.75 billion, a PE ratio of 15.41 and a beta of 0.21. The firm has a 50 day simple moving average of $50.81 and a two-hundred day simple moving average of $46.32.

About JOYY

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.