Campbell & CO Investment Adviser LLC Acquires New Position in JOYY Inc. $YY

Campbell & CO Investment Adviser LLC acquired a new stake in shares of JOYY Inc. (NASDAQ:YY) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,658 shares of the information services provider’s stock, valued at approximately $235,000.

A number of other large investors have also recently modified their holdings of the business. Farther Finance Advisors LLC raised its holdings in shares of JOYY by 5,718.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 640 shares of the information services provider’s stock worth $27,000 after buying an additional 629 shares in the last quarter. SVB Wealth LLC acquired a new stake in JOYY in the first quarter valued at about $57,000. Leading Securities Co Ltd bought a new position in JOYY in the second quarter valued at about $71,000. Vanguard Personalized Indexing Management LLC acquired a new position in JOYY during the second quarter worth about $262,000. Finally, Aprio Wealth Management LLC raised its stake in JOYY by 33.0% during the first quarter. Aprio Wealth Management LLC now owns 6,427 shares of the information services provider’s stock worth $270,000 after acquiring an additional 1,596 shares in the last quarter. Institutional investors and hedge funds own 36.83% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citigroup restated a “buy” rating on shares of JOYY in a research note on Tuesday, September 2nd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, JOYY has an average rating of “Buy”.

JOYY Price Performance

JOYY stock opened at $58.68 on Tuesday. The business has a 50 day moving average of $59.73 and a 200-day moving average of $53.22. The company has a market capitalization of $3.16 billion, a P/E ratio of 17.73 and a beta of 0.21. JOYY Inc. has a 1 year low of $30.91 and a 1 year high of $55.31.

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.