O Shaughnessy Asset Management LLC Purchases Shares of 118,463 JOYY Inc. (NASDAQ:YY)

O Shaughnessy Asset Management LLC acquired a new position in JOYY Inc. (NASDAQ:YY - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 118,463 shares of the information services provider's stock, valued at approximately $4,958,000. O Shaughnessy Asset Management LLC owned 0.22% of JOYY at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in YY. SBI Securities Co. Ltd. bought a new stake in shares of JOYY in the 4th quarter worth approximately $25,000. Global Retirement Partners LLC increased its position in JOYY by 71.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,072 shares of the information services provider's stock worth $45,000 after buying an additional 447 shares during the period. Rhumbline Advisers boosted its holdings in shares of JOYY by 63.0% during the fourth quarter. Rhumbline Advisers now owns 1,319 shares of the information services provider's stock valued at $55,000 after acquiring an additional 510 shares during the period. Aprio Wealth Management LLC acquired a new stake in shares of JOYY in the 4th quarter worth about $202,000. Finally, Blue Trust Inc. lifted its position in JOYY by 25.8% in the 4th quarter. Blue Trust Inc. now owns 5,672 shares of the information services provider's stock valued at $237,000 after purchasing an additional 1,162 shares during the last quarter. Institutional investors own 36.83% of the company's stock.

JOYY Trading Down 7.0 %

YY stock traded down $2.95 during trading on Monday, hitting $39.14. The company had a trading volume of 959,311 shares, compared to its average volume of 477,402. The business has a 50 day moving average of $45.87 and a 200 day moving average of $40.58. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 11.82 and a beta of 0.21. JOYY Inc. has a fifty-two week low of $27.88 and a fifty-two week high of $55.31.

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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 issued a $0.93 dividend. The ex-dividend date is Thursday, April 17th. This is a boost from JOYY's previous quarterly dividend of $0.20. This represents a $3.72 annualized dividend and a dividend yield of 9.50%. JOYY's dividend payout ratio (DPR) is -120.00%.

Analyst Ratings Changes

Several research analysts have commented on YY shares. StockNews.com cut shares of JOYY from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Benchmark raised JOYY from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th.

JOYY Company 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.