JOYY (NASDAQ:YY) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of JOYY (NASDAQ:YY) in a research report issued on Sunday. The firm set a “hold” rating on the information services provider’s stock.

Separately, Benchmark raised JOYY from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th.

JOYY Trading Down 1.3 %

Shares of NASDAQ:YY opened at $42.32 on Friday. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 12.79 and a beta of 0.21. JOYY has a 12 month low of $27.88 and a 12 month high of $55.31. The company has a 50-day moving average price of $42.55 and a 200-day moving average price of $41.43.

Institutional Trading of JOYY

Large investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in JOYY by 33.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 132,757 shares of the information services provider’s stock worth $5,556,000 after purchasing an additional 33,009 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of JOYY in the 4th quarter worth approximately $501,000. Rhumbline Advisers grew its stake in shares of JOYY by 63.0% in the 4th quarter. Rhumbline Advisers now owns 1,319 shares of the information services provider’s stock worth $55,000 after buying an additional 510 shares during the last quarter. Ritholtz Wealth Management increased its position in JOYY by 69.1% during the 4th quarter. Ritholtz Wealth Management now owns 37,026 shares of the information services provider’s stock valued at $1,550,000 after buying an additional 15,127 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in JOYY by 56.5% during the fourth quarter. JPMorgan Chase & Co. now owns 121,109 shares of the information services provider’s stock valued at $5,068,000 after buying an additional 43,731 shares during the last quarter. 36.83% of the stock is owned by 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.