JOYY (NASDAQ:YY) Coverage Initiated at Wall Street Zen

Wall Street Zen began coverage on shares of JOYY (NASDAQ:YY - Get Free Report) in a report released on Monday. The brokerage set a "hold" rating on the information services provider's stock.

Separately, Benchmark raised JOYY from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th.

JOYY Trading Down 0.3%

NASDAQ:YY traded down $0.11 during trading hours on Monday, hitting $43.64. 264,462 shares of the company were exchanged, compared to its average volume of 498,682. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 13.18 and a beta of 0.21. JOYY has a one year low of $27.88 and a one year high of $55.31. The company has a fifty day simple moving average of $41.39 and a 200 day simple moving average of $42.04.

Institutional Trading of JOYY

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC boosted its position in shares of JOYY by 699.0% during the 4th quarter. SG Americas Securities LLC now owns 39,573 shares of the information services provider's stock worth $1,656,000 after purchasing an additional 34,620 shares in the last quarter. Blue Trust Inc. boosted its position in shares of JOYY by 25.8% during the 4th quarter. Blue Trust Inc. now owns 5,672 shares of the information services provider's stock worth $237,000 after purchasing an additional 1,162 shares in the last quarter. Caprock Group LLC bought a new position in shares of JOYY during the 4th quarter worth about $385,000. Rhumbline Advisers boosted its position 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 purchasing an additional 510 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of JOYY during the 4th quarter worth about $501,000. 36.83% of the stock is currently owned by institutional investors and hedge funds.

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.