Healthcare of Ontario Pension Plan Trust Fund Has $4.56 Million Holdings in JOYY Inc. (NASDAQ:YY)

Healthcare of Ontario Pension Plan Trust Fund decreased its position in JOYY Inc. (NASDAQ:YY) by 64.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 148,300 shares of the information services provider’s stock after selling 272,200 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned about 0.24% of JOYY worth $4,560,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in YY. Blue Trust Inc. boosted its holdings in JOYY by 221.8% in the 4th quarter. Blue Trust Inc. now owns 943 shares of the information services provider’s stock valued at $36,000 after purchasing an additional 650 shares during the period. Headlands Technologies LLC boosted its stake in shares of JOYY by 967.6% in the first quarter. Headlands Technologies LLC now owns 3,918 shares of the information services provider’s stock valued at $120,000 after buying an additional 3,551 shares during the period. Quadrant Capital Group LLC grew its position 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 worth $172,000 after buying an additional 349 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in JOYY by 6.9% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 5,057 shares of the information services provider’s stock worth $196,000 after buying an additional 325 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its stake in JOYY by 16,203.9% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 12,391 shares of the information services provider’s stock worth $492,000 after acquiring an additional 12,315 shares during the period. Institutional investors own 36.83% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded JOYY from a “buy” rating to a “hold” rating in a research report on Saturday, May 11th.

JOYY Trading Down 0.7 %

Shares of NASDAQ:YY opened at $33.81 on Friday. The firm has a 50 day moving average of $31.43 and a 200-day moving average of $32.00. JOYY Inc. has a 12 month low of $27.88 and a 12 month high of $43.20. The stock has a market capitalization of $2.01 billion, a PE ratio of 6.37 and a beta of 0.25.

JOYY (NASDAQ:YY) last announced its quarterly earnings data on Tuesday, May 28th. The information services provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.75 by $0.19. The business had revenue of $564.56 million during the quarter, compared to the consensus estimate of $553.36 million. JOYY had a net margin of 14.19% and a return on equity of 5.47%. During the same period in the previous year, the business earned $0.57 earnings per share. On average, research analysts predict that JOYY Inc. will post 3.51 EPS for the current fiscal year.

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.