JOYY Inc. (NASDAQ:YY) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in shares of JOYY Inc. (NASDAQ:YY) by 45.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,748 shares of the information services provider’s stock after acquiring an additional 31,341 shares during the period. Charles Schwab Investment Management Inc. owned about 0.17% of JOYY worth $3,615,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Atlas Capital Advisors LLC acquired a new position in shares of JOYY in the second quarter worth about $29,000. Blue Trust Inc. raised its holdings in JOYY by 22,728.6% in the 2nd quarter. Blue Trust Inc. now owns 1,598 shares of the information services provider’s stock worth $49,000 after purchasing an additional 1,591 shares during the period. EverSource Wealth Advisors LLC purchased a new position in JOYY during the second quarter worth approximately $52,000. Northwestern Mutual Wealth Management Co. grew its holdings in JOYY by 12.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,634 shares of the information services provider’s stock valued at $79,000 after purchasing an additional 300 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of JOYY in the third quarter valued at approximately $179,000. 36.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

JOYY Stock Performance

NASDAQ YY opened at $39.81 on Friday. JOYY Inc. has a fifty-two week low of $27.88 and a fifty-two week high of $42.76. The firm has a market capitalization of $2.14 billion, a P/E ratio of 12.03 and a beta of 0.27. The stock’s fifty day moving average is $36.07 and its two-hundred day moving average is $34.19.

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.