Blue Trust Inc. Grows Stake in JOYY Inc. (NASDAQ:YY)

Blue Trust Inc. boosted its holdings in JOYY Inc. (NASDAQ:YY) by 25.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,672 shares of the information services provider’s stock after purchasing an additional 1,162 shares during the quarter. Blue Trust Inc.’s holdings in JOYY were worth $237,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in YY. AQR Capital Management LLC purchased a new position in shares of JOYY in the second quarter worth $1,660,000. Northwestern Mutual Wealth Management Co. lifted its stake in JOYY by 12.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,634 shares of the information services provider’s stock worth $79,000 after purchasing an additional 300 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of JOYY during the 3rd quarter valued at about $179,000. Handelsbanken Fonder AB bought a new position in shares of JOYY during the 3rd quarter valued at about $272,000. Finally, Ritholtz Wealth Management purchased a new position in shares of JOYY during the third quarter valued at about $794,000. 36.83% of the stock is currently owned by institutional investors.

JOYY Trading Up 0.9 %

NASDAQ:YY opened at $43.75 on Tuesday. The business’s 50-day moving average is $40.75 and its 200 day moving average is $36.84. JOYY Inc. has a 12 month low of $27.88 and a 12 month high of $47.01. The company has a market capitalization of $2.36 billion, a P/E ratio of 13.22 and a beta of 0.28.

JOYY (NASDAQ:YY) last posted its earnings results on Tuesday, November 26th. The information services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.22. JOYY had a net margin of 9.02% and a return on equity of 4.64%. On average, research analysts forecast that JOYY Inc. will post 3.37 earnings per share for the current year.

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.