Quadrature Capital Ltd Buys New Stake in JOYY Inc. (NASDAQ:YY)

Quadrature Capital Ltd purchased a new position in shares of JOYY Inc. (NASDAQ:YY – Get Rating) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,641 shares of the information services provider’s stock, valued at approximately $511,000.

A number of other institutional investors also recently made changes to their positions in YY. Quantbot Technologies LP purchased a new stake in JOYY during the 3rd quarter worth about $34,000. Wipfli Financial Advisors LLC acquired a new stake in shares of JOYY during the 3rd quarter worth about $71,000. Tobam grew its holdings in shares of JOYY by 74.6% during the third quarter. Tobam now owns 2,730 shares of the information services provider’s stock worth $71,000 after buying an additional 1,166 shares in the last quarter. Signaturefd LLC raised its position in shares of JOYY by 91.2% in the third quarter. Signaturefd LLC now owns 3,673 shares of the information services provider’s stock valued at $95,000 after buying an additional 1,752 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in shares of JOYY by 504.3% during the third quarter. Quadrant Capital Group LLC now owns 3,831 shares of the information services provider’s stock valued at $100,000 after buying an additional 3,197 shares during the period. 42.31% of the stock is owned by institutional investors and hedge funds.

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JOYY Stock Performance

Shares of YY stock opened at $28.44 on Friday. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 4.09 and a beta of 0.54. The company has a 50 day moving average price of $35.00 and a 200 day moving average price of $30.93. JOYY Inc. has a one year low of $21.38 and a one year high of $47.23. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.52 and a current ratio of 1.52.

Analysts Set New Price Targets

Several research firms have commented on YY. TheStreet raised shares of JOYY from a “d+” rating to a “c” rating in a research note on Friday, December 9th. Citigroup lowered their price objective on JOYY from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, February 13th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.00.

JOYY Company Profile

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JOYY, Inc engages in managing a communication social platform, which enables users to join real-time online group activities through voice, text, and video. Its services include music and entertainment, online games, online dating, live game broadcasting, online education, and advertising. It operates through following segments: Live Streaming, Online Games, Membership and Others.

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