JOYY Inc. (NASDAQ:YY) Shares Bought by Rhumbline Advisers

Rhumbline Advisers boosted its stake in shares of JOYY Inc. (NASDAQ:YY) by 63.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,319 shares of the information services provider’s stock after purchasing an additional 510 shares during the period. Rhumbline Advisers’ holdings in JOYY were worth $55,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P acquired a new stake in shares of JOYY during the 3rd quarter valued at about $25,000. Aprio Wealth Management LLC acquired a new stake in shares of JOYY during the 4th quarter valued at about $202,000. Blue Trust Inc. grew its position in shares of JOYY by 25.8% during the 4th quarter. Blue Trust Inc. now owns 5,672 shares of the information services provider’s stock valued at $237,000 after acquiring an additional 1,162 shares during the period. Retireful LLC acquired a new stake in shares of JOYY during the 4th quarter valued at about $241,000. Finally, Caprock Group LLC acquired a new stake in shares of JOYY during the 4th quarter valued at about $385,000. 36.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on YY shares. StockNews.com lowered shares of JOYY from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Benchmark raised shares of JOYY from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th.

JOYY Stock Performance

YY stock opened at $48.67 on Wednesday. The firm has a market cap of $2.62 billion, a PE ratio of 14.70 and a beta of 0.21. The firm’s 50 day moving average price is $44.90 and its 200-day moving average price is $39.40. JOYY Inc. has a one year low of $27.88 and a one year high of $55.31.

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.