JOYY Inc. (NASDAQ:YY) Shares Bought by Yunqi Capital Ltd

Yunqi Capital Ltd increased its position in JOYY Inc. (NASDAQ:YY) by 102.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,710,987 shares of the information services provider’s stock after buying an additional 865,285 shares during the period. JOYY comprises 45.7% of Yunqi Capital Ltd’s portfolio, making the stock its largest holding. Yunqi Capital Ltd owned approximately 3.18% of JOYY worth $71,605,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of YY. Whitefort Capital Management LP raised its position in shares of JOYY by 168.3% in the third quarter. Whitefort Capital Management LP now owns 565,878 shares of the information services provider’s stock valued at $20,507,000 after buying an additional 354,932 shares during the last quarter. Cape Ann Asset Management Ltd grew its holdings in JOYY by 47.8% in the third 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. Public Employees Retirement System of Ohio purchased a new stake in JOYY in the third quarter valued at approximately $4,383,000. E Fund Management Co. Ltd. grew its holdings in JOYY by 50.5% in the fourth quarter. E Fund Management Co. Ltd. now owns 156,688 shares of the information services provider’s stock valued at $6,557,000 after purchasing an additional 52,590 shares during the period. Finally, SG Americas Securities LLC grew its holdings in JOYY by 699.0% in the fourth quarter. SG Americas Securities LLC now owns 39,573 shares of the information services provider’s stock valued at $1,656,000 after purchasing an additional 34,620 shares during the period. Institutional investors and hedge funds own 36.83% of the company’s stock.

JOYY Stock Down 2.9 %

YY opened at $48.84 on Friday. JOYY Inc. has a 52-week low of $27.88 and a 52-week high of $55.31. The company has a 50 day moving average of $44.62 and a two-hundred day moving average of $39.17. The company has a market cap of $2.63 billion, a P/E ratio of 14.76 and a beta of 0.21.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. StockNews.com downgraded shares of JOYY from a “buy” rating to a “hold” rating in a report on Thursday. Benchmark upgraded shares of JOYY from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th.

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.