JOYY Inc. (NASDAQ:YY) Shares Sold by US Bancorp DE

US Bancorp DE lessened its holdings in shares of JOYY Inc. (NASDAQ:YY) by 2.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,069 shares of the information services provider’s stock after selling 566 shares during the quarter. US Bancorp DE’s holdings in JOYY were worth $872,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of YY. Atlas Capital Advisors LLC purchased a new position in JOYY in the 2nd quarter worth approximately $29,000. EverSource Wealth Advisors LLC purchased a new position in JOYY in the 2nd quarter worth approximately $52,000. Blue Trust Inc. boosted its holdings in JOYY by 22,728.6% in the 2nd quarter. Blue Trust Inc. now owns 1,598 shares of the information services provider’s stock worth $49,000 after acquiring an additional 1,591 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings 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 acquiring an additional 300 shares during the period. Finally, Headlands Technologies LLC boosted its holdings in JOYY by 967.6% in the 1st quarter. Headlands Technologies LLC now owns 3,918 shares of the information services provider’s stock worth $120,000 after acquiring an additional 3,551 shares during the period. Institutional investors and hedge funds own 36.83% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on YY. Benchmark restated a “hold” rating on shares of JOYY in a report on Thursday, August 29th. JPMorgan Chase & Co. increased their target price on JOYY from $30.00 to $35.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd.

JOYY Trading Down 0.9 %

JOYY stock opened at $34.04 on Friday. The stock has a market cap of $1.94 billion, a P/E ratio of 8.26 and a beta of 0.25. The stock has a 50 day moving average of $34.96 and a 200-day moving average of $33.41. JOYY Inc. has a 52 week low of $27.88 and a 52 week high of $43.20.

JOYY (NASDAQ:YY) last released its earnings results on Tuesday, August 27th. The information services provider reported $1.08 EPS for the quarter, beating the consensus estimate of $0.81 by $0.27. JOYY had a return on equity of 4.98% and a net margin of 9.53%. The company had revenue of $565.13 million during the quarter, compared to analysts’ expectations of $556.82 million. As a group, equities analysts predict that JOYY Inc. will post 3.4 earnings per share for the current fiscal year.

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.