Ashton Thomas Private Wealth LLC Acquires Shares of 9,780 JOYY Inc. (NASDAQ:YY)

Ashton Thomas Private Wealth LLC acquired a new stake in shares of JOYY Inc. (NASDAQ:YY) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,780 shares of the information services provider’s stock, valued at approximately $409,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Loomis Sayles & Co. L P acquired a new stake in shares of JOYY in the third quarter valued at $25,000. SBI Securities Co. Ltd. acquired a new stake in shares of JOYY in the fourth quarter valued at $25,000. Global Retirement Partners LLC increased its stake in shares of JOYY by 71.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,072 shares of the information services provider’s stock valued at $45,000 after buying an additional 447 shares in the last quarter. Rhumbline Advisers increased its stake in shares of JOYY by 63.0% in the fourth quarter. Rhumbline Advisers now owns 1,319 shares of the information services provider’s stock valued at $55,000 after buying an additional 510 shares in the last quarter. Finally, Aprio Wealth Management LLC acquired a new stake in shares of JOYY in the fourth quarter valued at $202,000. 36.83% of the stock is owned by institutional investors.

JOYY Stock Down 1.2 %

Shares of YY stock opened at $48.26 on Tuesday. The stock has a 50-day moving average price of $44.77 and a 200 day moving average price of $39.30. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 14.58 and a beta of 0.21. JOYY Inc. has a 12 month low of $27.88 and a 12 month high of $55.31.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on YY. StockNews.com lowered JOYY from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Benchmark upgraded JOYY from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th.

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.