JOYY Inc. $YY Stock Holdings Boosted by LSV Asset Management

LSV Asset Management grew its position in shares of JOYY Inc. (NASDAQ:YY) by 1.6% during the 2nd quarter, Holdings Channel reports. The firm owned 349,299 shares of the information services provider’s stock after purchasing an additional 5,400 shares during the period. LSV Asset Management’s holdings in JOYY were worth $14,513,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its stake in JOYY by 5,718.2% during the second quarter. Farther Finance Advisors LLC now owns 640 shares of the information services provider’s stock valued at $27,000 after buying an additional 629 shares in the last quarter. SVB Wealth LLC acquired a new stake in JOYY in the 1st quarter valued at about $57,000. Leading Securities Co Ltd acquired a new stake in JOYY in the 2nd quarter valued at about $71,000. Campbell & CO Investment Adviser LLC bought a new position in shares of JOYY during the 2nd quarter valued at about $235,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in shares of JOYY in the 2nd quarter worth approximately $262,000. Institutional investors own 36.83% of the company’s stock.

JOYY Trading Up 1.3%

Shares of YY opened at $59.35 on Thursday. The business’s 50-day moving average price is $59.54 and its 200 day moving average price is $53.39. The stock has a market capitalization of $3.19 billion, a P/E ratio of 17.93 and a beta of 0.21. JOYY Inc. has a 1-year low of $30.91 and a 1-year high of $55.31.

Analysts Set New Price Targets

Separately, Citigroup reissued a “buy” rating on shares of JOYY in a research note on Tuesday, September 2nd. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy”.

JOYY 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.