113,662 Shares in JOYY Inc. (NASDAQ:YY) Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA purchased a new position in shares of JOYY Inc. (NASDAQ:YY - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 113,662 shares of the information services provider's stock, valued at approximately $4,512,000. Massachusetts Financial Services Co. MA owned 0.18% of JOYY at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. raised its position in JOYY by 221.8% during the 4th quarter. Blue Trust Inc. now owns 943 shares of the information services provider's stock worth $36,000 after buying an additional 650 shares during the last quarter. Assetmark Inc. raised its position in JOYY by 62.2% during the 3rd quarter. Assetmark Inc. now owns 2,226 shares of the information services provider's stock worth $85,000 after buying an additional 854 shares during the last quarter. Signaturefd LLC raised its position in JOYY by 14.7% during the 3rd quarter. Signaturefd LLC now owns 4,020 shares of the information services provider's stock worth $153,000 after buying an additional 514 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in JOYY by 115.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 4,732 shares of the information services provider's stock worth $179,000 after buying an additional 2,534 shares during the last quarter. Finally, Employees Retirement System of Texas raised its position in JOYY by 825.0% during the 3rd quarter. Employees Retirement System of Texas now owns 5,587 shares of the information services provider's stock worth $213,000 after buying an additional 4,983 shares during the last quarter. Institutional investors and hedge funds own 36.83% of the company's stock.

JOYY Stock Performance

NASDAQ:YY traded down $0.30 during mid-day trading on Monday, hitting $33.66. 152,554 shares of the company's stock traded hands, compared to its average volume of 609,309. The firm's 50 day simple moving average is $32.77 and its 200 day simple moving average is $34.64. JOYY Inc. has a 1 year low of $24.12 and a 1 year high of $43.20. The company has a market cap of $2.05 billion, a PE ratio of 6.79 and a beta of 0.35.

JOYY (NASDAQ:YY - Get Free Report) last posted its earnings results on Monday, March 18th. The information services provider reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.13. JOYY had a net margin of 13.31% and a return on equity of 5.13%. The firm had revenue of $569.84 million during the quarter, compared to the consensus estimate of $572.51 million. During the same period last year, the firm posted $0.49 EPS. On average, research analysts expect that JOYY Inc. will post 3.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

YY has been the subject of a number of research analyst reports. StockNews.com downgraded shares of JOYY from a "buy" rating to a "hold" rating in a report on Saturday, May 11th. Bank of America reiterated a "neutral" rating and issued a $35.00 price target on shares of JOYY in a report on Monday, March 25th.

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.