D Orazio & Associates Inc. Acquires 1,233 Shares of JOYY Inc. $YY

D Orazio & Associates Inc. boosted its holdings in JOYY Inc. (NASDAQ:YY) by 22.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,842 shares of the information services provider’s stock after purchasing an additional 1,233 shares during the period. D Orazio & Associates Inc.’s holdings in JOYY were worth $284,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BRIGHT VALLEY CAPITAL Ltd boosted its stake in shares of JOYY by 249.2% during 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 buying an additional 936,841 shares during the last quarter. Public Employees Retirement System of Ohio increased 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 acquiring an additional 1,115 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in JOYY during the second quarter worth about $739,000. Caxton Associates LLP acquired a new position in JOYY during the first quarter valued at approximately $2,612,000. Finally, Farther Finance Advisors LLC boosted its position in JOYY by 5,718.2% during the second quarter. Farther Finance Advisors LLC now owns 640 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 629 shares during the last quarter. 36.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Citigroup reaffirmed a “buy” rating on shares of JOYY in a research report on Tuesday, September 2nd. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, JOYY currently has an average rating of “Buy”.

JOYY Stock Performance

Shares of NASDAQ:YY opened at $59.86 on Friday. JOYY Inc. has a 52-week low of $30.91 and a 52-week high of $55.31. The company has a market capitalization of $3.22 billion, a P/E ratio of 18.08 and a beta of 0.21. The company has a 50-day simple moving average of $59.88 and a 200 day simple moving average of $52.81.

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.