Athos Capital Ltd Increases Holdings in JOYY Inc. (NASDAQ:YY)

Athos Capital Ltd increased its stake in JOYY Inc. (NASDAQ:YY) by 9.4% during the third quarter, according to its most recent filing with the SEC. The fund owned 54,900 shares of the information services provider’s stock after buying an additional 4,700 shares during the quarter. JOYY accounts for approximately 0.6% of Athos Capital Ltd’s portfolio, making the stock its 16th largest holding. Athos Capital Ltd owned 0.10% of JOYY worth $1,990,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P bought a new position in shares of JOYY during the 3rd quarter valued at approximately $25,000. Atlas Capital Advisors LLC purchased a new position in shares of JOYY during the 2nd quarter valued at $29,000. Blue Trust Inc. grew its stake in shares of JOYY by 22,728.6% during the 2nd quarter. Blue Trust Inc. now owns 1,598 shares of the information services provider’s stock worth $49,000 after acquiring an additional 1,591 shares during the period. EverSource Wealth Advisors LLC purchased a new stake in JOYY in the 2nd quarter worth about $52,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in JOYY by 12.9% in the 2nd 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 during the last quarter. Institutional investors own 36.83% of the company’s stock.

JOYY Trading Up 0.4 %

Shares of NASDAQ YY opened at $38.85 on Monday. The business has a 50-day moving average of $35.21 and a 200-day moving average of $33.67. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 11.74 and a beta of 0.26. JOYY Inc. has a 12 month low of $27.88 and a 12 month high of $40.98.

Analysts Set New Price Targets

A number of equities analysts have weighed in on YY shares. Benchmark reiterated a “hold” rating on shares of JOYY in a research report on Thursday, August 29th. JPMorgan Chase & Co. boosted their price target on shares of JOYY from $30.00 to $35.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd.

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.