Equities research analysts at StockNews.com initiated coverage on shares of JOYY (NASDAQ:YY - Get Free Report) in a report issued on Monday. The firm 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.
View Our Latest Report on JOYY
JOYY Price Performance
Shares of JOYY stock opened at $42.20 on Monday. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 12.75 and a beta of 0.21. The stock's 50-day moving average is $41.89 and its 200-day moving average is $41.77. JOYY has a one year low of $27.88 and a one year high of $55.31.
Institutional Trading of JOYY
A number of large investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new position in JOYY during the 4th quarter valued at about $25,000. Global Retirement Partners LLC boosted its stake in JOYY by 71.5% during the 4th quarter. Global Retirement Partners LLC now owns 1,072 shares of the information services provider's stock valued at $45,000 after purchasing an additional 447 shares during the last quarter. Rhumbline Advisers boosted its stake in JOYY by 63.0% during the 4th quarter. Rhumbline Advisers now owns 1,319 shares of the information services provider's stock valued at $55,000 after purchasing an additional 510 shares during the last quarter. SVB Wealth LLC acquired a new position in JOYY during the 1st quarter valued at about $57,000. Finally, Raiffeisen Bank International AG acquired a new position in JOYY during the 4th quarter valued at about $85,000. 36.83% of the stock is currently owned by institutional investors and hedge funds.
About JOYY
(
Get 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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