Cape Ann Asset Management Ltd Trims Position in JOYY Inc. (NASDAQ:YY)

Cape Ann Asset Management Ltd decreased its stake in shares of JOYY Inc. (NASDAQ:YY) by 46.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 254,436 shares of the information services provider’s stock after selling 222,464 shares during the period. JOYY comprises about 6.7% of Cape Ann Asset Management Ltd’s investment portfolio, making the stock its 7th biggest holding. Cape Ann Asset Management Ltd’s holdings in JOYY were worth $10,648,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Creative Planning bought a new position in JOYY in the third quarter worth about $209,000. DekaBank Deutsche Girozentrale lifted its holdings in JOYY by 5.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 7,751 shares of the information services provider’s stock worth $291,000 after acquiring an additional 421 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in JOYY by 25.9% in the third quarter. GSA Capital Partners LLP now owns 11,846 shares of the information services provider’s stock worth $429,000 after acquiring an additional 2,434 shares during the last quarter. Natixis Advisors LLC lifted its holdings in JOYY by 1.7% in the third quarter. Natixis Advisors LLC now owns 21,208 shares of the information services provider’s stock worth $769,000 after acquiring an additional 352 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in JOYY by 45.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 99,748 shares of the information services provider’s stock worth $3,615,000 after acquiring an additional 31,341 shares during the last quarter. Institutional investors own 36.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on YY. Benchmark raised shares of JOYY from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. StockNews.com upgraded shares of JOYY from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th.

JOYY Trading Up 0.1 %

Shares of NASDAQ:YY opened at $46.84 on Tuesday. The firm’s 50 day moving average is $44.02 and its two-hundred day moving average is $38.81. JOYY Inc. has a 52 week low of $27.88 and a 52 week high of $55.31. The firm has a market capitalization of $2.52 billion, a P/E ratio of 14.15 and a beta of 0.28.

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.