Published on 12 Jan 2022 on Insider Monkey via Yahoo Finance
Is JOYY Inc. (YY) A Good Stock To Buy?
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 867 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of September 30th, 2021. What do these smart investors think about JOYY Inc. (NASDAQ:YY)?
Is JOYY Inc. (NASDAQ:YY) ready to rally soon? Prominent investors were becoming less hopeful. The number of bullish hedge fund positions were trimmed by 3 recently. JOYY Inc. (NASDAQ:YY) was in 21 hedge funds' portfolios at the end of the third quarter of 2021. The all time high for this statistic is 31. Our calculations also showed that YY isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings). There were 24 hedge funds in our database with YY holdings at the end of June.
At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, lithium prices have more than doubled over the past year, so we go through lists like the 10 best EV stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. Now we're going to take a look at the latest hedge fund action encompassing JOYY Inc. (NASDAQ:YY).