Wealthquest Corp purchased a new stake in JOYY Inc. (NASDAQ:YY - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 388,376 shares of the information services provider's stock, valued at approximately $16,137,000. JOYY comprises 0.7% of Wealthquest Corp's holdings, making the stock its 26th biggest holding. Wealthquest Corp owned about 0.72% of JOYY at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Raiffeisen Bank International AG acquired a new stake in JOYY in the fourth quarter worth about $85,000. 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 worth $104,000 after buying an additional 883 shares during the period. Kathmere Capital Management LLC acquired a new position in shares of JOYY during the 1st quarter worth about $217,000. D Orazio & Associates Inc. acquired a new position in shares of JOYY during the 1st quarter worth about $235,000. Finally, Asset Management One Co. Ltd. acquired a new position in shares of JOYY during the 1st quarter worth about $253,000. 36.83% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen assumed coverage on shares of JOYY in a report on Monday, May 19th. They set a "hold" rating on the stock.
Read Our Latest Analysis on YY
JOYY Stock Down 0.2%
Shares of YY traded down $0.11 during trading hours on Friday, hitting $50.20. 206,847 shares of the company were exchanged, compared to its average volume of 523,246. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 15.17 and a beta of 0.21. JOYY Inc. has a fifty-two week low of $30.91 and a fifty-two week high of $55.31. The firm's fifty day moving average is $50.42 and its 200 day moving average is $46.09.
JOYY Company Profile
(
Free Report)
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.
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