Athos Capital Ltd Buys 4,700 Shares of JOYY Inc. (NASDAQ:YY)

Athos Capital Ltd raised its stake in JOYY Inc. (NASDAQ:YY) by 9.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 54,900 shares of the information services provider’s stock after purchasing an additional 4,700 shares during the quarter. JOYY accounts for 0.6% of Athos Capital Ltd’s portfolio, making the stock its 16th biggest position. Athos Capital Ltd’s holdings in JOYY were worth $1,990,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its holdings in JOYY by 12.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,634 shares of the information services provider’s stock worth $79,000 after acquiring an additional 300 shares during the last quarter. Natixis Advisors LLC grew its stake in shares of 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 purchasing an additional 352 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in JOYY by 5.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 7,751 shares of the information services provider’s stock valued at $291,000 after purchasing an additional 421 shares during the period. Loomis Sayles & Co. L P bought a new position in JOYY during the 3rd quarter valued at approximately $25,000. Finally, Atlas Capital Advisors LLC purchased a new stake in JOYY in the 2nd quarter worth approximately $29,000. Institutional investors own 36.83% of the company’s stock.

JOYY Stock Up 0.4 %

NASDAQ YY opened at $38.85 on Monday. The firm has a market capitalization of $2.22 billion, a PE ratio of 11.74 and a beta of 0.26. The stock’s 50 day moving average is $35.21 and its 200 day moving average is $33.67. JOYY Inc. has a twelve month low of $27.88 and a twelve month high of $40.98.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on YY shares. JPMorgan Chase & Co. upped their target price on JOYY from $30.00 to $35.00 and gave the company a “neutral” rating in a report on Tuesday, September 3rd. Benchmark reaffirmed a “hold” rating on shares of JOYY in a research report on Thursday, August 29th.

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.