Geode Capital Management LLC Buys 877 Shares of JOYY Inc. (NASDAQ:YY)

Geode Capital Management LLC boosted its position in shares of JOYY Inc. (NASDAQ:YY) by 1.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,152 shares of the information services provider’s stock after buying an additional 877 shares during the quarter. Geode Capital Management LLC owned 0.13% of JOYY worth $2,615,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Canada Pension Plan Investment Board boosted its stake 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 valued at $21,990,000 after purchasing an additional 66,474 shares during the period. Charles Schwab Investment Management Inc. raised its position in JOYY by 45.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 99,748 shares of the information services provider’s stock valued at $3,615,000 after purchasing an additional 31,341 shares in the last quarter. FMR LLC grew its position in shares of JOYY by 4.3% during the 3rd quarter. FMR LLC now owns 678,551 shares of the information services provider’s stock worth $24,591,000 after buying an additional 28,126 shares in the last quarter. Krane Funds Advisors LLC grew its holdings in JOYY by 10.5% during the 2nd quarter. Krane Funds Advisors LLC now owns 1,414,457 shares of the information services provider’s stock worth $42,561,000 after acquiring an additional 134,394 shares in the last quarter. Finally, Cape Ann Asset Management Ltd increased its position in JOYY by 47.8% during the 3rd quarter. Cape Ann Asset Management Ltd now owns 476,900 shares of the information services provider’s stock valued at $17,283,000 after purchasing an additional 154,200 shares during the period. Hedge funds and other institutional investors own 36.83% of the company’s stock.

JOYY Stock Performance

YY stock opened at $38.19 on Wednesday. The firm has a 50-day simple moving average of $37.91 and a two-hundred day simple moving average of $35.48. JOYY Inc. has a one year low of $27.88 and a one year high of $42.88. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 11.54 and a beta of 0.27.

JOYY Company 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.