5,180 Shares in JOYY Inc. (NASDAQ:YY) Bought by Kathmere Capital Management LLC

Kathmere Capital Management LLC purchased a new position in shares of JOYY Inc. (NASDAQ:YY - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,180 shares of the information services provider's stock, valued at approximately $217,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Moody Aldrich Partners LLC increased its stake in JOYY by 52.0% during the first quarter. Moody Aldrich Partners LLC now owns 13,940 shares of the information services provider's stock worth $585,000 after purchasing an additional 4,769 shares during the period. Krane Funds Advisors LLC increased its stake in JOYY by 4.0% during the first quarter. Krane Funds Advisors LLC now owns 1,559,646 shares of the information services provider's stock worth $65,474,000 after purchasing an additional 59,565 shares during the period. Vontobel Holding Ltd. increased its stake in JOYY by 34.1% during the first quarter. Vontobel Holding Ltd. now owns 7,835 shares of the information services provider's stock worth $329,000 after purchasing an additional 1,992 shares during the period. Wealthquest Corp purchased a new stake in shares of JOYY during the first quarter worth approximately $16,137,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its stake in shares of JOYY by 179.8% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 19,723 shares of the information services provider's stock worth $828,000 after buying an additional 12,673 shares during the period. 36.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen assumed coverage on shares of JOYY in a research note on Monday, May 19th. They set a "hold" rating on the stock.

JOYY Price Performance

Shares of YY stock traded down $0.50 during trading hours on Thursday, reaching $54.39. 350,438 shares of the stock were exchanged, compared to its average volume of 516,625. The business's fifty day moving average is $48.36 and its two-hundred day moving average is $45.13. JOYY Inc. has a 12-month low of $30.91 and a 12-month high of $55.31. The firm has a market capitalization of $2.93 billion, a P/E ratio of 16.43 and a beta of 0.21.

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.