GSA Capital Partners LLP Increases Holdings in JOYY Inc. (NASDAQ:YY)

GSA Capital Partners LLP grew its holdings in JOYY Inc. (NASDAQ:YY) by 25.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,846 shares of the information services provider’s stock after acquiring an additional 2,434 shares during the period. GSA Capital Partners LLP’s holdings in JOYY were worth $429,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Atlas Capital Advisors LLC bought a new stake in shares of JOYY in the second quarter worth about $29,000. EverSource Wealth Advisors LLC bought a new stake in JOYY during the second quarter worth approximately $52,000. Blue Trust Inc. increased its stake in JOYY by 22,728.6% during the second 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 last quarter. Northwestern Mutual Wealth Management Co. increased its stake in JOYY by 12.9% during the second 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 last quarter. Finally, SG Americas Securities LLC bought a new stake in JOYY during the third quarter worth approximately $179,000. 36.83% of the stock is owned by institutional investors.

JOYY Stock Performance

YY opened at $36.12 on Thursday. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 8.76 and a beta of 0.25. The stock’s 50 day moving average price is $35.07 and its 200-day moving average price is $33.52. JOYY Inc. has a one year low of $27.88 and a one year high of $41.84.

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

Analysts Set New Price Targets

YY has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their price objective on JOYY from $30.00 to $35.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Benchmark reaffirmed a “hold” rating on shares of JOYY in a research note on Thursday, August 29th.

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.