Charles Schwab Investment Management Inc. raised its position in JOYY Inc. (NASDAQ:YY - Free Report) by 33.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 132,757 shares of the information services provider's stock after purchasing an additional 33,009 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.25% of JOYY worth $5,556,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the business. FMR LLC grew its position in JOYY by 4.3% in the 3rd quarter. FMR LLC now owns 678,551 shares of the information services provider's stock valued at $24,591,000 after buying an additional 28,126 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of JOYY in the 4th quarter worth approximately $501,000. Rhumbline Advisers boosted its holdings in shares of JOYY by 63.0% in the fourth quarter. Rhumbline Advisers now owns 1,319 shares of the information services provider's stock valued at $55,000 after acquiring an additional 510 shares in the last quarter. Ritholtz Wealth Management increased its stake in shares of JOYY by 69.1% during the fourth quarter. Ritholtz Wealth Management now owns 37,026 shares of the information services provider's stock valued at $1,550,000 after acquiring an additional 15,127 shares during the period. Finally, Whitefort Capital Management LP raised its holdings in JOYY by 168.3% during the third quarter. Whitefort Capital Management LP now owns 565,878 shares of the information services provider's stock worth $20,507,000 after purchasing an additional 354,932 shares in the last quarter. Institutional investors own 36.83% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on YY. StockNews.com lowered JOYY from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Benchmark raised JOYY from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th.
Read Our Latest Research Report on YY
JOYY Trading Down 2.5 %
Shares of NASDAQ YY traded down $1.08 during midday trading on Friday, reaching $41.55. The company's stock had a trading volume of 642,007 shares, compared to its average volume of 477,699. JOYY Inc. has a one year low of $27.88 and a one year high of $55.31. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 12.55 and a beta of 0.21. The company has a 50 day moving average price of $46.18 and a 200 day moving average price of $40.30.
JOYY Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 8.95%. This is an increase from JOYY's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, April 17th. JOYY's dividend payout ratio is currently -120.00%.
JOYY Company Profile
(
Free Report)
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.
Further Reading
Before you consider JOYY, you'll want to hear this.
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.
While JOYY currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
