Vontobel Holding Ltd. Reduces Holdings in JOYY Inc. (NASDAQ:YY)

Vontobel Holding Ltd. decreased its position in shares of JOYY Inc. (NASDAQ:YY) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,843 shares of the information services provider’s stock after selling 490 shares during the quarter. Vontobel Holding Ltd.’s holdings in JOYY were worth $245,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Caprock Group LLC purchased a new position in shares of JOYY during the fourth quarter worth about $385,000. Blue Trust Inc. grew its holdings in shares of JOYY by 25.8% during the fourth quarter. Blue Trust Inc. now owns 5,672 shares of the information services provider’s stock worth $237,000 after buying an additional 1,162 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of JOYY by 699.0% during the fourth quarter. SG Americas Securities LLC now owns 39,573 shares of the information services provider’s stock worth $1,656,000 after buying an additional 34,620 shares during the last quarter. Retireful LLC purchased a new position in shares of JOYY during the fourth quarter worth about $241,000. Finally, Ritholtz Wealth Management grew its holdings in shares of JOYY by 69.1% during the fourth quarter. Ritholtz Wealth Management now owns 37,026 shares of the information services provider’s stock worth $1,550,000 after buying an additional 15,127 shares during the last quarter. Hedge funds and other institutional investors own 36.83% of the company’s stock.

JOYY Trading Down 2.0 %

Shares of YY opened at $48.97 on Friday. JOYY Inc. has a twelve month low of $27.88 and a twelve month high of $51.82. The stock’s 50 day moving average is $42.68 and its two-hundred day moving average is $38.03. The firm has a market capitalization of $2.64 billion, a PE ratio of 14.79 and a beta of 0.28.

JOYY (NASDAQ:YY) last announced its quarterly earnings data 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 return on equity of 4.64% and a net margin of 9.02%. On average, sell-side analysts predict that JOYY Inc. will post 3.37 EPS for the current 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.