Arrowstreet Capital Limited Partnership grew its stake in shares of JOYY Inc. (NASDAQ:YY - Free Report) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 825,299 shares of the information services provider's stock after acquiring an additional 13,710 shares during the period. Arrowstreet Capital Limited Partnership owned 1.53% of JOYY worth $34,539,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in YY. SBI Securities Co. Ltd. bought a new stake in shares of JOYY in the fourth quarter valued at about $25,000. Global Retirement Partners LLC boosted its holdings 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 valued at $45,000 after purchasing an additional 447 shares during the period. Rhumbline Advisers boosted its holdings in JOYY by 63.0% in the 4th quarter. Rhumbline Advisers now owns 1,319 shares of the information services provider's stock valued at $55,000 after purchasing an additional 510 shares during the period. Aprio Wealth Management LLC acquired a new position in shares of JOYY during the 4th quarter worth approximately $202,000. Finally, Blue Trust Inc. increased its holdings in shares of JOYY by 25.8% during the fourth quarter. Blue Trust Inc. now owns 5,672 shares of the information services provider's stock worth $237,000 after purchasing an additional 1,162 shares during the period. Institutional investors own 36.83% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on YY shares. StockNews.com cut JOYY from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Benchmark upgraded JOYY from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th.
Check Out Our Latest Stock Analysis on JOYY
JOYY Trading Down 7.0 %
YY stock traded down $2.95 during mid-day trading on Monday, hitting $39.14. The stock had a trading volume of 959,311 shares, compared to its average volume of 477,402. The firm has a fifty day simple moving average of $45.87 and a 200 day simple moving average of $40.58. JOYY Inc. has a 52 week low of $27.88 and a 52 week high of $55.31. The firm has a market capitalization of $2.11 billion, a P/E ratio of 11.82 and a beta of 0.21.
JOYY Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th will be given a dividend of $0.93 per share. This is an increase from JOYY's previous quarterly dividend of $0.20. This represents a $3.72 annualized dividend and a yield of 9.50%. The ex-dividend date of this dividend is Thursday, April 17th. JOYY's payout ratio is currently -120.00%.
JOYY 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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