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

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

Several other large investors have also made changes to their positions in the business. Raiffeisen Bank International AG acquired a new position in shares of JOYY during the fourth quarter valued at about $85,000. BI Asset Management Fondsmaeglerselskab A S increased its stake in JOYY by 54.8% during 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 acquiring an additional 883 shares during the period. D Orazio & Associates Inc. acquired a new position in JOYY in the 1st quarter valued at approximately $235,000. Asset Management One Co. Ltd. acquired a new position in JOYY in the 1st quarter valued at approximately $253,000. Finally, Vise Technologies Inc. bought a new stake in shares of JOYY in the 4th quarter worth approximately $284,000. Institutional investors and hedge funds own 36.83% of the company's stock.

JOYY Stock Performance

Shares of NASDAQ:YY traded up $0.32 during midday trading on Monday, reaching $53.67. 125,779 shares of the company's stock were exchanged, compared to its average volume of 513,466. The company's 50 day simple moving average is $47.41 and its two-hundred day simple moving average is $44.83. 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 $2.89 billion, a PE ratio of 16.21 and a beta of 0.21.

Analysts Set New Price Targets

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

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.