JOYY Inc. (NASDAQ:YY) Shares Purchased by Krane Funds Advisors LLC

Krane Funds Advisors LLC boosted its holdings in JOYY Inc. (NASDAQ:YY - Free Report) by 4.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,559,646 shares of the information services provider's stock after purchasing an additional 59,565 shares during the period. JOYY makes up 1.9% of Krane Funds Advisors LLC's portfolio, making the stock its 12th largest position. Krane Funds Advisors LLC owned 2.90% of JOYY worth $65,474,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in JOYY by 33.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 132,757 shares of the information services provider's stock worth $5,556,000 after acquiring an additional 33,009 shares during the period. Rhumbline Advisers raised its stake in shares of JOYY by 63.0% during the 4th quarter. Rhumbline Advisers now owns 1,319 shares of the information services provider's stock worth $55,000 after acquiring an additional 510 shares in the last quarter. QRG Capital Management Inc. grew its position in JOYY by 45.1% during the 1st quarter. QRG Capital Management Inc. now owns 9,585 shares of the information services provider's stock worth $402,000 after purchasing an additional 2,980 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of JOYY by 56.5% in the 4th quarter. JPMorgan Chase & Co. now owns 121,109 shares of the information services provider's stock valued at $5,068,000 after acquiring an additional 43,731 shares during the last quarter. Finally, Asset Management One Co. Ltd. purchased a new stake in JOYY during the first quarter worth $253,000. Hedge funds and other institutional investors own 36.83% of the company's stock.

Wall Street Analyst Weigh In

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

JOYY Stock Down 0.4%

YY stock traded down $0.19 during midday trading on Friday, hitting $50.68. The company's stock had a trading volume of 89,953 shares, compared to its average volume of 514,022. JOYY Inc. has a 52-week low of $30.91 and a 52-week high of $55.31. The firm has a market capitalization of $2.73 billion, a P/E ratio of 15.31 and a beta of 0.21. The firm has a 50-day simple moving average of $46.27 and a 200-day simple moving average of $44.38.

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.