JOYY Inc. (NASDAQ:YY) Shares Sold by E Fund Management Hong Kong Co. Ltd.

E Fund Management Hong Kong Co. Ltd. lessened its stake in JOYY Inc. (NASDAQ:YY) by 15.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,050 shares of the information services provider’s stock after selling 1,268 shares during the period. JOYY accounts for 0.2% of E Fund Management Hong Kong Co. Ltd.’s portfolio, making the stock its 27th biggest holding. E Fund Management Hong Kong Co. Ltd.’s holdings in JOYY were worth $295,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Barclays PLC lifted its holdings in shares of JOYY by 1.3% in the third quarter. Barclays PLC now owns 20,543 shares of the information services provider’s stock valued at $744,000 after buying an additional 270 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in JOYY by 12.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,634 shares of the information services provider’s stock worth $79,000 after acquiring an additional 300 shares in the last quarter. Natixis Advisors LLC raised its position in JOYY by 1.7% in the third quarter. Natixis Advisors LLC now owns 21,208 shares of the information services provider’s stock worth $769,000 after acquiring an additional 352 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in JOYY by 5.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 7,751 shares of the information services provider’s stock valued at $291,000 after acquiring an additional 421 shares during the last quarter. Finally, Loomis Sayles & Co. L P bought a new position in shares of JOYY during the 3rd quarter valued at about $25,000. Institutional investors and hedge funds own 36.83% of the company’s stock.

JOYY Price Performance

NASDAQ YY opened at $46.38 on Monday. JOYY Inc. has a 12 month low of $27.88 and a 12 month high of $47.01. The company has a market capitalization of $2.50 billion, a P/E ratio of 14.01 and a beta of 0.27. The company’s 50 day simple moving average is $39.87 and its 200 day simple moving average is $36.47.

JOYY (NASDAQ:YY) last posted its quarterly earnings results on Tuesday, November 26th. The information services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.22. JOYY had a net margin of 9.02% and a return on equity of 4.64%. On average, analysts anticipate that JOYY Inc. will post 3.37 earnings per share for the current year.

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.