JOYY Inc. (NASDAQ:YY) is Yunqi Capital Ltd’s Largest Position

Yunqi Capital Ltd increased its position in JOYY Inc. (NASDAQ:YY) by 102.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,710,987 shares of the information services provider’s stock after buying an additional 865,285 shares during the quarter. JOYY comprises 45.7% of Yunqi Capital Ltd’s holdings, making the stock its largest position. Yunqi Capital Ltd’s holdings in JOYY were worth $71,605,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in JOYY in the fourth quarter valued at $25,000. Loomis Sayles & Co. L P acquired a new stake in JOYY in the third quarter valued at $25,000. Global Retirement Partners LLC raised its holdings in JOYY by 71.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,072 shares of the information services provider’s stock valued at $45,000 after acquiring an additional 447 shares in the last quarter. Rhumbline Advisers raised its holdings in JOYY by 63.0% in the fourth quarter. Rhumbline Advisers now owns 1,319 shares of the information services provider’s stock valued at $55,000 after acquiring an additional 510 shares in the last quarter. Finally, Aprio Wealth Management LLC acquired a new stake in JOYY in the fourth quarter valued at $202,000. 36.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. StockNews.com cut shares of JOYY from a “buy” rating to a “hold” rating in a report on Thursday. Benchmark raised shares of JOYY from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th.

JOYY Stock Performance

Shares of NASDAQ:YY opened at $48.84 on Friday. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 14.76 and a beta of 0.21. JOYY Inc. has a 1-year low of $27.88 and a 1-year high of $55.31. The company’s fifty day moving average is $44.62 and its two-hundred day moving average is $39.17.

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.