Point72 Asia Singapore Pte. Ltd. lowered its holdings in JOYY Inc. (NASDAQ:YY – Free Report) by 3.6% in the third quarter, Holdings Channel reports. The firm owned 12,734 shares of the information services provider’s stock after selling 477 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in JOYY were worth $461,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Hhlr Advisors LTD. acquired a new position in shares of JOYY during the 3rd quarter worth approximately $1,087,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of JOYY by 35.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,436 shares of the information services provider’s stock valued at $1,103,000 after buying an additional 8,019 shares in the last quarter. FMR LLC increased its holdings in JOYY by 4.3% during the third quarter. FMR LLC now owns 678,551 shares of the information services provider’s stock worth $24,591,000 after buying an additional 28,126 shares during the last quarter. Loomis Sayles & Co. L P bought a new stake in JOYY during the third quarter worth $25,000. Finally, Cape Ann Asset Management Ltd lifted its stake in JOYY by 47.8% in the third quarter. Cape Ann Asset Management Ltd now owns 476,900 shares of the information services provider’s stock valued at $17,283,000 after acquiring an additional 154,200 shares during the last quarter. 36.83% of the stock is currently owned by institutional investors and hedge funds.
JOYY Price Performance
NASDAQ:YY opened at $42.36 on Tuesday. The company has a market cap of $2.42 billion, a P/E ratio of 12.80 and a beta of 0.26. The firm’s fifty day moving average price is $35.35 and its two-hundred day moving average price is $33.73. JOYY Inc. has a one year low of $27.88 and a one year high of $42.76.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on YY
JOYY 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.
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