LSV Asset Management Increases JOYY Stake by 319.0% in Q1

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JOYY ($NASDAQ:YY) Inc. is a NASDAQ-listed Chinese media and entertainment company, and the stock has been gaining attention in recent times due to its impressive performance in the market. According to the recent 13F filing released by LSV Asset Management, the company significantly increased its stake in JOYY Inc. by an impressive 319.0% in the first quarter of this year. This increase in stake makes LSV Asset Management one of the top institutional investors in JOYY Inc., and further bolsters confidence in the Chinese media and entertainment giant. This surge in investor interest is a reflection of the confidence in the company’s continued success, and there is potential for even more growth if it can maintain its impressive performance.

Analysis

At GoodWhale, we recently conducted an analysis of JOYY INC‘s wellbeing. Our Risk Rating tool classifies JOYY INC as a medium risk investment when it comes to financial and business aspects. Although the company has passed our initial risk assessment, we have detected one possible risk warning in the income sheet. To access the full report, become a registered GoodWhale user. Our platform offers detailed analytics and data-driven insights to help you make informed decisions when it comes to investing in JOYY INC. With GoodWhale, you can gain an in-depth understanding of the company and its potential risks and opportunities. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Joyy Inc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Joyy Inc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Joyy Inc. More…

Key Ratios Snapshot

Some of the financial key ratios for Joyy Inc are shown below. More…

Peers

The company operates a number of online platforms, including Youku Tudou, YY Live, and Bigo Live. JOYY Inc‘s main competitors are Grom Social Enterprises Inc, IL2M International Corp, and Lizhi Inc. All three companies are based in the United States.

– Grom Social Enterprises Inc ($NASDAQ:GROM)

Grom Social Enterprises Inc is a social media company that operates in the children’s market. The company has a market capitalization of 6.82 million and a return on equity of -24.49%. The company’s products and services are aimed at children and families. The company was founded in 2010 and is headquartered in Boca Raton, Florida.

– IL2M International Corp ($OTCPK:ILIM)

IL2M International Corp is a publicly traded company with a market cap of 366.35k as of 2022. The company has a Return on Equity of 1203.09%. IL2M International Corp is a holding company that operates in the e-commerce, digital media, and entertainment industries. The company was founded in 2006 and is headquartered in Los Angeles, California.

– Lizhi Inc ($NASDAQ:LIZI)

Lizhi Inc. is a leading audio content platform in China with over 10 years of experience. The company has a market cap of 21.24M as of 2022 and a Return on Equity of 1.81%. Lizhi Inc. provides an innovative and convenient way for people to listen to audio content and connect with others. The company’s mission is to use the power of audio to bring people together and make the world a more connected place.

Summary

This growth indicates that the company is performing well and has potential for further growth, making it an attractive target for investors. Other investors have also shown an increased interest in JOYY Inc., with numerous analysts providing positive feedback on the company’s stock. With the continued growth and strong fundamentals, JOYY Inc. is well-positioned to continue performing well in the future and may provide a solid return for investors.