JOYY Inc. (NASDAQ:YY) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its holdings in shares of JOYY Inc. (NASDAQ:YY) by 12.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,080 shares of the information services provider’s stock after selling 2,033 shares during the quarter. Dimensional Fund Advisors LP’s holdings in JOYY were worth $424,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in YY. Atlas Capital Advisors LLC purchased a new stake in shares of JOYY during the second quarter valued at approximately $29,000. Blue Trust Inc. lifted its holdings in JOYY by 22,728.6% in the 2nd quarter. Blue Trust Inc. now owns 1,598 shares of the information services provider’s stock worth $49,000 after buying an additional 1,591 shares in the last quarter. Headlands Technologies LLC grew its stake in shares of JOYY by 967.6% during the first quarter. Headlands Technologies LLC now owns 3,918 shares of the information services provider’s stock valued at $120,000 after acquiring an additional 3,551 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of JOYY by 53.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 7,751 shares of the information services provider’s stock valued at $233,000 after acquiring an additional 2,694 shares in the last quarter. Finally, Duality Advisers LP acquired a new stake in shares of JOYY during the first quarter valued at about $570,000. 36.83% of the stock is owned by hedge funds and other institutional investors.

JOYY Trading Down 2.5 %

Shares of NASDAQ YY opened at $35.60 on Tuesday. JOYY Inc. has a 12-month low of $27.88 and a 12-month high of $43.20. The stock’s 50 day simple moving average is $35.18 and its 200 day simple moving average is $33.31. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 6.70 and a beta of 0.24.

JOYY (NASDAQ:YY) last announced its quarterly earnings results on Tuesday, August 27th. The information services provider reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.27. JOYY had a net margin of 9.53% and a return on equity of 4.98%. The company had revenue of $565.13 million during the quarter, compared to the consensus estimate of $556.82 million. As a group, equities analysts forecast that JOYY Inc. will post 3.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

YY has been the topic of several recent analyst reports. Benchmark reiterated a “hold” rating on shares of JOYY in a research note on Thursday, August 29th. JPMorgan Chase & Co. raised their price target on shares of JOYY from $30.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd.

About JOYY

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.