Aprio Wealth Management LLC Makes New Investment in JOYY Inc. (NASDAQ:YY)

Aprio Wealth Management LLC purchased a new stake in JOYY Inc. (NASDAQ:YY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,831 shares of the information services provider’s stock, valued at approximately $202,000.

Other hedge funds also recently made changes to their positions in the company. Hsbc Holdings PLC increased its position in JOYY by 39.5% during the 2nd quarter. Hsbc Holdings PLC now owns 25,124 shares of the information services provider’s stock valued at $755,000 after purchasing an additional 7,120 shares during the period. Public Employees Retirement Association of Colorado bought a new stake in shares of JOYY in the 2nd quarter valued at $367,000. Canada Pension Plan Investment Board increased its position in shares of JOYY by 10.0% during the second quarter. Canada Pension Plan Investment Board now owns 730,800 shares of the information services provider’s stock worth $21,990,000 after buying an additional 66,474 shares during the period. Oaktree Fund Advisors LLC raised its stake in JOYY by 12.6% during the second quarter. Oaktree Fund Advisors LLC now owns 74,329 shares of the information services provider’s stock worth $2,237,000 after buying an additional 8,336 shares during the last quarter. Finally, EverSource Wealth Advisors LLC acquired a new position in JOYY in the second quarter valued at $52,000. 36.83% of the stock is currently owned by institutional investors.

JOYY Trading Up 0.5 %

Shares of YY opened at $39.80 on Wednesday. The firm’s fifty day simple moving average is $38.52 and its two-hundred day simple moving average is $35.87. JOYY Inc. has a 12 month low of $27.88 and a 12 month high of $42.88. The stock has a market capitalization of $2.14 billion, a P/E ratio of 12.02 and a beta of 0.27.

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.