Public Employees Retirement System of Ohio Boosts Stock Position in JOYY Inc. $YY

Public Employees Retirement System of Ohio grew its stake in shares of JOYY Inc. (NASDAQ:YY) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,826 shares of the information services provider’s stock after buying an additional 1,115 shares during the period. Public Employees Retirement System of Ohio owned 0.24% of JOYY worth $5,353,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC grew its holdings in JOYY by 5,718.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 640 shares of the information services provider’s stock valued at $27,000 after buying an additional 629 shares in the last quarter. Baron Wealth Management LLC grew its stake in JOYY by 29.5% during the second quarter. Baron Wealth Management LLC now owns 8,076 shares of the information services provider’s stock valued at $336,000 after acquiring an additional 1,841 shares in the last quarter. Caxton Associates LLP bought a new stake in JOYY in the 1st quarter valued at $2,612,000. Millennium Management LLC increased its holdings in JOYY by 127.8% in the 1st quarter. Millennium Management LLC now owns 123,242 shares of the information services provider’s stock valued at $5,174,000 after acquiring an additional 69,132 shares during the last quarter. Finally, Amundi lifted its stake in JOYY by 26.2% in the 1st quarter. Amundi now owns 30,794 shares of the information services provider’s stock worth $1,296,000 after purchasing an additional 6,402 shares in the last quarter. 36.83% of the stock is owned by hedge funds and other institutional investors.

JOYY Price Performance

Shares of NASDAQ YY opened at $58.55 on Tuesday. The stock has a market capitalization of $3.15 billion, a P/E ratio of 17.69 and a beta of 0.21. JOYY Inc. has a 1-year low of $30.91 and a 1-year high of $55.31. The business has a fifty day moving average price of $55.26 and a 200 day moving average price of $48.85.

Analysts Set New Price Targets

Separately, Citigroup reissued a “buy” rating on shares of JOYY in a report on Tuesday, September 2nd. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

JOYY Company 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.