JOYY (NASDAQ:YY) Reaches New 12-Month High – What’s Next?

JOYY Inc. (NASDAQ:YY)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $45.45 and last traded at $44.57, with a volume of 54480 shares. The stock had previously closed at $43.49.

JOYY Stock Performance

The stock has a market capitalization of $2.50 billion, a PE ratio of 14.01 and a beta of 0.27. The firm has a 50 day moving average of $39.87 and a 200-day moving average of $36.46.

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

Institutional Trading of JOYY

Large investors have recently made changes to their positions in the business. Loomis Sayles & Co. L P bought a new position in shares of JOYY during the third quarter worth about $25,000. 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 position in JOYY by 12.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,634 shares of the information services provider’s stock worth $79,000 after purchasing an additional 300 shares during the period. Blue Trust Inc. grew its stake in JOYY by 182.2% in the 3rd quarter. Blue Trust Inc. now owns 4,510 shares of the information services provider’s stock valued at $163,000 after buying an additional 2,912 shares during the last quarter. Finally, Aprio Wealth Management LLC bought a new position in shares of JOYY during the fourth quarter worth approximately $202,000. 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.