JOYY Inc. $YY Shares Sold by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC trimmed its holdings in JOYY Inc. (NASDAQ:YY) by 16.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 8,091 shares of the information services provider’s stock after selling 1,620 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in JOYY were worth $336,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BRIGHT VALLEY CAPITAL Ltd lifted its stake in JOYY by 249.2% in the 1st quarter. BRIGHT VALLEY CAPITAL Ltd now owns 1,312,841 shares of the information services provider’s stock worth $55,113,000 after purchasing an additional 936,841 shares in the last quarter. Vontobel Holding Ltd. grew its position in shares of JOYY by 34.1% in the first quarter. Vontobel Holding Ltd. now owns 7,835 shares of the information services provider’s stock valued at $329,000 after purchasing an additional 1,992 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of JOYY by 0.9% in the second quarter. Public Employees Retirement System of Ohio now owns 128,826 shares of the information services provider’s stock valued at $5,353,000 after purchasing an additional 1,115 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of JOYY in the second quarter valued at approximately $739,000. Finally, Caxton Associates LLP purchased a new position in JOYY during the first quarter worth approximately $2,612,000. 36.83% of the stock is owned by hedge funds and other institutional investors.

JOYY Price Performance

JOYY stock opened at $60.11 on Friday. The firm has a 50 day simple moving average of $58.86 and a 200-day simple moving average of $51.58. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 18.16 and a beta of 0.21. JOYY Inc. has a 1-year low of $30.91 and a 1-year high of $55.31.

Wall Street Analysts Forecast Growth

Separately, Citigroup restated a “buy” rating on shares of JOYY in a report on Tuesday, September 2nd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

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.