JOYY’s (YY) “Hold” Rating Reiterated at Benchmark

Benchmark restated their hold rating on shares of JOYY (NASDAQ:YY) in a report published on Thursday morning, Benzinga reports.

Separately, StockNews.com downgraded shares of JOYY from a buy rating to a hold rating in a report on Saturday, May 11th.

JOYY Trading Down 0.5 %

NASDAQ YY opened at $34.39 on Thursday. JOYY has a 12 month low of $27.88 and a 12 month high of $43.20. The stock has a 50 day moving average of $33.41 and a 200-day moving average of $32.46. The company has a market cap of $2.04 billion, a PE ratio of 6.48 and a beta of 0.25.

Hedge Funds Weigh In On JOYY

A number of large investors have recently made changes to their positions in the company. Atlas Capital Advisors LLC bought a new position in JOYY during the second quarter worth about $29,000. Blue Trust Inc. increased its holdings in shares of JOYY by 22,728.6% during the second quarter. Blue Trust Inc. now owns 1,598 shares of the information services provider’s stock worth $49,000 after purchasing an additional 1,591 shares during the period. EverSource Wealth Advisors LLC acquired a new stake in shares of JOYY in the second quarter valued at approximately $52,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 valued at $79,000 after buying an additional 300 shares during the period. Finally, Headlands Technologies LLC grew its position in JOYY by 967.6% during the first quarter. Headlands Technologies LLC now owns 3,918 shares of the information services provider’s stock worth $120,000 after buying an additional 3,551 shares in the last quarter. Institutional investors own 36.83% of the company’s stock.

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.