<div id="readability-page-1"><p>JOYY Inc. (NASDAQ:YY - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $56.14 and traded as high as $63.71. JOYY shares last traded at $62.6250, with a volume of 200,609 shares.</p><h2>Wall Street Analysts Forecast Growth</h2><p>A number of analysts have recently weighed in on the company. Morgan Stanley  set a $66.00 target price on JOYY in a research report on Monday, November 24th. Citigroup  reaffirmed a &#34;buy&#34; rating on shares of JOYY in a research report on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating,  According to data from MarketBeat, the stock currently has an average rating of &#34;Buy&#34; and a consensus target price of $66.00.</p><p><b>Check Out Our Latest Research Report on YY</b></p><h2>JOYY Trading Down 1.4%</h2><p>The company has a 50 day moving average price of $60.58 and a 200-day moving average price of $56.14. The company has a market cap of $3.37 billion, a P/E ratio of 18.92 and a beta of 0.21. </p><h2>Hedge Funds Weigh In On JOYY</h2><p>A number of institutional investors have recently added to or reduced their stakes in YY. Farther Finance Advisors LLC boosted its position in  JOYY by 5,718.2% in the second quarter. Farther Finance Advisors LLC now owns 640 shares of the information services provider's stock valued at $27,000 after buying an additional 629 shares in the last quarter.  SVB Wealth LLC bought a new position in shares of  JOYY in the 1st quarter valued at $57,000.  Raymond James Financial Inc. acquired a new stake in shares of  JOYY during the 2nd quarter valued at $62,000.  Leading Securities Co Ltd acquired a new stake in shares of  JOYY during the 2nd quarter valued at $71,000.  Finally, Campbell &amp; CO Investment Adviser LLC bought a new stake in  JOYY during the 2nd quarter worth $235,000. 36.83% of the stock is currently owned by institutional investors and hedge funds. </p><h2>About JOYY</h2> (Get Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than JOYY</li><li>Growth Stocks: What They Are, What They Are Not</li><li>Post 35% Surge, Analysts Eye More Upside in Copper Giant Freeport</li><li>What is the FTSE 100 index? </li><li>Why a SpaceX IPO Could Be a Major Catalyst for GOOGL Stock</li><li>What is the Dow Jones Industrial Average (DJIA)?</li><li>Can Upwork Maintain Its Comeback? Reasons to Be Bullish and Bearish</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in JOYY Right Now?</h2><p>Before you consider JOYY, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and JOYY wasn't on the list.</p><p>While JOYY currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

JOYY

<p>JOYY Inc. (NASDAQ:YY) shares crossed above their 200-day moving average, trading as high as $63.71. Analysts from Morgan Stanley and Citigroup have given the stock a Buy rating with a target price of $66.00. The company has a market cap of $3.37 billion and a P/E ratio of 18.92. Institutional investors have been adjusting their stakes in the company. JOYY operates various social media platforms, including Bigo Live and Likee.</p>

- JOYY Inc.'s share price surpassed its 200-day moving average, reaching a high of $63.71 before closing at $62.6250, with a market cap of $3.37 billion.  
- Analysts from Morgan Stanley and Citigroup have set a target price of $66.00, with an average buy rating reflecting positive growth expectations.  
- Institutional investors hold 36.83% of JOYY's stock, with significant increases in stakes from multiple hedge funds in recent quarters.

JOYY (NASDAQ:YY) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened