Blue Trust Inc. Buys 2,912 Shares of JOYY Inc. (NASDAQ:YY)

Blue Trust Inc. raised its holdings in JOYY Inc. (NASDAQ:YY) by 182.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,510 shares of the information services provider’s stock after purchasing an additional 2,912 shares during the quarter. Blue Trust Inc.’s holdings in JOYY were worth $163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of YY. Atlas Capital Advisors LLC bought a new position in JOYY in the 2nd quarter valued at $29,000. EverSource Wealth Advisors LLC purchased a new position in shares of JOYY during the 2nd quarter valued at $52,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of JOYY by 12.9% during the 2nd 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 last quarter. Headlands Technologies LLC lifted its position in shares of JOYY by 967.6% during the 1st quarter. Headlands Technologies LLC now owns 3,918 shares of the information services provider’s stock valued at $120,000 after buying an additional 3,551 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of JOYY during the 3rd quarter valued at $179,000. Institutional investors own 36.83% of the company’s stock.

Analysts Set New Price Targets

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

JOYY Stock Performance

Shares of YY opened at $34.12 on Friday. The stock’s 50-day simple moving average is $35.06 and its 200 day simple moving average is $33.33. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 6.43 and a beta of 0.24. JOYY Inc. has a 52-week low of $27.88 and a 52-week high of $43.20.

JOYY (NASDAQ:YY) last issued its quarterly earnings data on Tuesday, August 27th. The information services provider reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.27. The business had revenue of $565.13 million for the quarter, compared to analysts’ expectations of $556.82 million. JOYY had a return on equity of 4.98% and a net margin of 9.53%. On average, research analysts forecast that JOYY Inc. will post 3.4 earnings per share for the current fiscal year.

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.