Headlands Technologies LLC trimmed its holdings in shares of JOYY Inc. (NASDAQ:YY - Free Report) by 77.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,657 shares of the information services provider's stock after selling 12,585 shares during the period. Headlands Technologies LLC's holdings in JOYY were worth $153,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of YY. Barclays PLC lifted its holdings in JOYY by 1.3% in the 3rd quarter. Barclays PLC now owns 20,543 shares of the information services provider's stock valued at $744,000 after acquiring an additional 270 shares during the last quarter. Global Retirement Partners LLC increased its stake in JOYY by 71.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,072 shares of the information services provider's stock worth $45,000 after purchasing an additional 447 shares in the last quarter. Rhumbline Advisers raised its holdings in JOYY by 63.0% during the 4th quarter. Rhumbline Advisers now owns 1,319 shares of the information services provider's stock worth $55,000 after buying an additional 510 shares during the period. SBI Securities Co. Ltd. purchased a new stake in JOYY during the fourth quarter valued at about $25,000. Finally, Geode Capital Management LLC boosted its holdings in shares of JOYY by 1.2% in the third quarter. Geode Capital Management LLC now owns 72,152 shares of the information services provider's stock worth $2,615,000 after buying an additional 877 shares during the period. 36.83% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research firms recently commented on YY. StockNews.com initiated coverage on shares of JOYY in a research note on Wednesday. They issued a "hold" rating for the company. Benchmark raised JOYY from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th.
Get Our Latest Report on JOYY
JOYY Price Performance
YY traded up $0.95 on Thursday, reaching $39.09. 729,076 shares of the company traded hands, compared to its average volume of 476,137. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 11.81 and a beta of 0.21. The stock's 50 day moving average price is $45.39 and its 200-day moving average price is $40.60. JOYY Inc. has a 52-week low of $27.88 and a 52-week high of $55.31.
JOYY Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors 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 9.52%. This is a positive change 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 (DPR) is currently -120.00%.
About JOYY
(
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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