LSV Asset Management Decreases Position in JOYY Inc. (NASDAQ:YY)

LSV Asset Management cut its position in JOYY Inc. (NASDAQ:YY - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 300,799 shares of the information services provider's stock after selling 20,100 shares during the period. LSV Asset Management owned 0.56% of JOYY worth $12,588,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Yunqi Capital Ltd lifted its stake in shares of JOYY by 102.3% in the fourth quarter. Yunqi Capital Ltd now owns 1,710,987 shares of the information services provider's stock valued at $71,605,000 after buying an additional 865,285 shares in the last quarter. Krane Funds Advisors LLC lifted its position in JOYY by 12.0% in the 4th quarter. Krane Funds Advisors LLC now owns 1,500,081 shares of the information services provider's stock valued at $62,778,000 after acquiring an additional 160,545 shares in the last quarter. Vanguard Group Inc. boosted its stake in JOYY by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 1,129,472 shares of the information services provider's stock valued at $47,268,000 after purchasing an additional 13,560 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in JOYY by 1.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 825,299 shares of the information services provider's stock worth $34,539,000 after purchasing an additional 13,710 shares in the last quarter. Finally, AI Squared Management Ltd bought a new stake in JOYY during the 4th quarter worth approximately $10,362,000. 36.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on YY shares. StockNews.com initiated coverage on JOYY in a research report on Thursday. They set a "hold" rating on the stock. Benchmark raised shares of JOYY from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th.

JOYY Stock Performance

NASDAQ:YY traded down $0.13 on Friday, hitting $39.20. The stock had a trading volume of 534,496 shares, compared to its average volume of 476,162. JOYY Inc. has a 1 year low of $27.88 and a 1 year high of $55.31. The firm's fifty day simple moving average is $44.74 and its two-hundred day simple moving average is $40.69. The stock has a market cap of $2.11 billion, a P/E ratio of 11.84 and a beta of 0.21.

JOYY Increases Dividend

The firm 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 $0.93 dividend. The ex-dividend date is Thursday, April 17th. This represents a $3.72 annualized dividend and a yield of 9.49%. This is a boost from JOYY's previous quarterly dividend of $0.20. JOYY's payout ratio is currently -120.00%.

JOYY Profile

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.