Fox Run Management L.L.C. decreased its position in shares of JOYY Inc. (NASDAQ:YY - Free Report) by 28.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,809 shares of the information services provider's stock after selling 6,989 shares during the period. Fox Run Management L.L.C.'s holdings in JOYY were worth $745,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Yunqi Capital Ltd increased its stake in JOYY by 102.3% during the 4th quarter. Yunqi Capital Ltd now owns 1,710,987 shares of the information services provider's stock valued at $71,605,000 after purchasing an additional 865,285 shares in the last quarter. Whitefort Capital Management LP raised its stake in JOYY by 168.3% in the 3rd quarter. Whitefort Capital Management LP now owns 565,878 shares of the information services provider's stock worth $20,507,000 after acquiring an additional 354,932 shares during the last quarter. Cape Ann Asset Management Ltd lifted its position in JOYY by 47.8% during the 3rd quarter. Cape Ann Asset Management Ltd now owns 476,900 shares of the information services provider's stock worth $17,283,000 after acquiring an additional 154,200 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in JOYY during the 3rd quarter worth about $4,383,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of JOYY by 631.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 85,983 shares of the information services provider's stock valued at $3,598,000 after purchasing an additional 74,232 shares during the period. Hedge funds and other institutional investors own 36.83% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on YY. StockNews.com cut shares of JOYY from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Benchmark raised shares of JOYY from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th.
Read Our Latest Stock Report on YY
JOYY Stock Performance
Shares of NASDAQ:YY traded down $1.08 during trading on Friday, reaching $41.55. The stock had a trading volume of 642,007 shares, compared to its average volume of 477,699. JOYY Inc. has a 1-year low of $27.88 and a 1-year high of $55.31. The stock has a market cap of $2.24 billion, a PE ratio of 12.55 and a beta of 0.21. The business has a fifty day moving average price of $46.18 and a 200-day moving average price of $40.26.
JOYY Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be given a dividend of $0.93 per share. The ex-dividend date is Thursday, April 17th. This is a positive change from JOYY's previous quarterly dividend of $0.20. This represents a $3.72 dividend on an annualized basis and a yield of 8.95%. JOYY's payout ratio is presently -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.
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