Thrivent Financial for Lutherans Has $2.86 Million Position in JOYY Inc. (NASDAQ:YY)

Thrivent Financial for Lutherans cut its position in JOYY Inc. (NASDAQ:YY - Free Report) by 33.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,417 shares of the information services provider's stock after selling 35,019 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.13% of JOYY worth $2,863,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. increased its position in JOYY by 631.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 85,983 shares of the information services provider's stock worth $3,598,000 after buying an additional 74,232 shares during the period. Yunqi Capital Ltd raised 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 during the last quarter. Amundi boosted its holdings in JOYY by 24.2% in the 4th quarter. Amundi now owns 24,392 shares of the information services provider's stock valued at $940,000 after purchasing an additional 4,747 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in JOYY in the 4th quarter worth $409,000. Finally, E Fund Management Co. Ltd. increased its holdings in shares of JOYY by 50.5% during the 4th quarter. E Fund Management Co. Ltd. now owns 156,688 shares of the information services provider's stock worth $6,557,000 after purchasing an additional 52,590 shares during the period. Institutional investors own 36.83% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on YY shares. StockNews.com cut shares of 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.

JOYY Stock Down 2.5 %

JOYY stock traded down $1.08 on Friday, hitting $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 firm has a market cap of $2.24 billion, a P/E ratio of 12.55 and a beta of 0.21. The company has a fifty day moving average price of $46.18 and a 200-day moving average price of $40.33.

JOYY Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be paid a $0.93 dividend. This is a positive change from JOYY's previous quarterly dividend of $0.20. This represents a $3.72 annualized dividend and a dividend yield of 8.95%. The ex-dividend date of this dividend is Thursday, April 17th. JOYY's dividend payout ratio is currently -120.00%.

About JOYY

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.