KBC Group NV Sells 73,522 Shares of JOYY Inc. (NASDAQ:YY)

KBC Group NV lessened its holdings in shares of JOYY Inc. (NASDAQ:YYFree Report) by 67.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,141 shares of the information services provider’s stock after selling 73,522 shares during the quarter. KBC Group NV owned about 0.06% of JOYY worth $1,435,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in YY. Blue Trust Inc. lifted its stake in JOYY by 221.8% in the 4th quarter. Blue Trust Inc. now owns 943 shares of the information services provider’s stock worth $36,000 after purchasing an additional 650 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in JOYY by 8.8% during the fourth quarter. Quadrant Capital Group LLC now owns 4,322 shares of the information services provider’s stock valued at $172,000 after buying an additional 349 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in JOYY by 115.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 4,732 shares of the information services provider’s stock valued at $179,000 after buying an additional 2,534 shares during the last quarter. Employees Retirement System of Texas increased its stake in JOYY by 825.0% in the 3rd quarter. Employees Retirement System of Texas now owns 5,587 shares of the information services provider’s stock worth $213,000 after acquiring an additional 4,983 shares during the last quarter. Finally, Atria Wealth Solutions Inc. bought a new stake in JOYY in the 3rd quarter worth approximately $305,000. 36.83% of the stock is owned by hedge funds and other institutional investors.

JOYY Stock Performance

NASDAQ:YY opened at $28.72 on Friday. The firm has a market capitalization of $1.75 billion, a PE ratio of 5.41 and a beta of 0.25. The stock’s fifty day moving average is $32.75 and its 200 day moving average is $33.59. JOYY Inc. has a fifty-two week low of $28.42 and a fifty-two week high of $43.20.

JOYY (NASDAQ:YYGet Free Report) last announced its earnings results on Tuesday, May 28th. The information services provider reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.19. JOYY had a net margin of 14.19% and a return on equity of 5.47%. The business had revenue of $564.56 million for the quarter, compared to the consensus estimate of $553.36 million. During the same quarter in the prior year, the firm posted $0.57 earnings per share. Equities analysts forecast that JOYY Inc. will post 3.51 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on YY. Bank of America reissued a “neutral” rating and issued a $35.00 target price on shares of JOYY in a report on Monday, March 25th. StockNews.com downgraded shares of JOYY from a “buy” rating to a “hold” rating in a report on Saturday, May 11th.

Read Our Latest Research Report on JOYY

JOYY Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for JOYY (NASDAQ:YY)

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