JOYY Inc. (NASDAQ:YY – Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $42.94, but opened at $45.09. JOYY shares last traded at $43.45, with a volume of 72,840 shares changing hands.
JOYY Price Performance
The stock’s fifty day moving average price is $39.15 and its 200-day moving average price is $36.17. The firm has a market cap of $2.39 billion, a PE ratio of 13.37 and a beta of 0.27.
Institutional Trading of JOYY
Institutional investors and hedge funds have recently bought and sold shares of the business. Loomis Sayles & Co. L P acquired a new stake in JOYY in the third quarter valued at approximately $25,000. EverSource Wealth Advisors LLC purchased a new position in JOYY in the second quarter valued at $52,000. Northwestern Mutual Wealth Management Co. lifted its holdings in JOYY by 12.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,634 shares of the information services provider’s stock worth $79,000 after buying an additional 300 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of JOYY by 182.2% in the 3rd quarter. Blue Trust Inc. now owns 4,510 shares of the information services provider’s stock valued at $163,000 after acquiring an additional 2,912 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of JOYY during the 3rd quarter worth about $179,000. 36.83% of the stock is currently owned by hedge funds and other institutional investors.
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.
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