Atlas Capital Advisors LLC Invests $29,000 in JOYY Inc. (NASDAQ:YY)

Atlas Capital Advisors LLC purchased a new stake in shares of JOYY Inc. (NASDAQ:YY) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 959 shares of the information services provider’s stock, valued at approximately $29,000.

A number of other institutional investors have also added to or reduced their stakes in YY. Quadrant Capital Group LLC lifted its holdings in shares of 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 purchasing an additional 349 shares during the period. California Public Employees Retirement System grew its position in shares of JOYY by 2.0% in the 4th quarter. California Public Employees Retirement System now owns 60,051 shares of the information services provider’s stock valued at $2,384,000 after buying an additional 1,171 shares during the last quarter. Blue Trust Inc. raised its position in shares of JOYY by 22,728.6% during the second 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 during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of JOYY by 11.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 22,862 shares of the information services provider’s stock worth $908,000 after acquiring an additional 2,400 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in JOYY by 53.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 7,751 shares of the information services provider’s stock valued at $233,000 after acquiring an additional 2,694 shares during the last quarter. 36.83% of the stock is currently owned by institutional investors and hedge funds.

JOYY Trading Down 0.5 %

YY stock opened at $34.39 on Friday. The stock has a market cap of $2.04 billion, a P/E ratio of 6.48 and a beta of 0.25. The stock’s fifty day simple moving average is $33.41 and its two-hundred day simple moving average is $32.46. JOYY Inc. has a 1-year low of $27.88 and a 1-year high of $43.20.

JOYY (NASDAQ:YY) last released its earnings results on Tuesday, May 28th. The information services provider reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.19. JOYY had a net margin of 14.19% and a return on equity of 5.47%. The firm had revenue of $564.56 million during the quarter, compared to the consensus estimate of $553.36 million. During the same period in the prior year, the firm earned $0.57 EPS. As a group, analysts forecast that JOYY Inc. will post 3.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on YY shares. Benchmark reissued a “hold” rating on shares of JOYY in a research note on Thursday. StockNews.com cut JOYY from a “buy” rating to a “hold” rating in a report on Saturday, May 11th.

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.