JOYY Inc. (NASDAQ:YY) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC raised its stake in JOYY Inc. (NASDAQ:YY) by 1.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,208 shares of the information services provider’s stock after purchasing an additional 352 shares during the period. Natixis Advisors LLC’s holdings in JOYY were worth $769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Atlas Capital Advisors LLC acquired a new stake in shares of JOYY during the 2nd quarter worth about $29,000. Blue Trust Inc. raised its position 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 in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of JOYY during the 2nd quarter worth about $52,000. Northwestern Mutual Wealth Management Co. raised 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 worth $79,000 after acquiring an additional 300 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of JOYY during the 3rd quarter worth about $179,000. Institutional investors and hedge funds own 36.83% of the company’s stock.

Analyst Ratings Changes

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

JOYY Stock Up 10.6 %

YY opened at $38.70 on Thursday. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 9.39 and a beta of 0.25. JOYY Inc. has a 52 week low of $27.88 and a 52 week high of $40.98. The business’s 50 day moving average is $35.08 and its two-hundred day moving average is $33.61.

JOYY (NASDAQ:YY) last released its quarterly earnings results on Tuesday, August 27th. The information services provider reported $1.08 EPS for the quarter, topping the consensus estimate of $0.81 by $0.27. The company had revenue of $565.13 million for the quarter, compared to analyst estimates of $556.82 million. JOYY had a return on equity of 4.98% and a net margin of 9.53%. Equities analysts expect that JOYY Inc. will post 3.4 EPS 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.