JOYY Inc. (NASDAQ:YY) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. raised its position in JOYY Inc. (NASDAQ:YY - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,129,472 shares of the information services provider's stock after acquiring an additional 13,560 shares during the period. Vanguard Group Inc. owned approximately 2.10% of JOYY worth $47,268,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in JOYY during the 4th quarter valued at about $25,000. Global Retirement Partners LLC boosted its holdings in shares of 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 acquiring an additional 447 shares during the last quarter. Rhumbline Advisers raised 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 worth $55,000 after purchasing an additional 510 shares during the last quarter. Aprio Wealth Management LLC purchased a new stake in JOYY in the fourth quarter valued at $202,000. Finally, Blue Trust Inc. raised its stake in shares of JOYY by 25.8% during the 4th quarter. Blue Trust Inc. now owns 5,672 shares of the information services provider's stock valued at $237,000 after buying an additional 1,162 shares during the last quarter. Hedge funds and other institutional investors own 36.83% of the company's stock.

JOYY Stock Performance

Shares of NASDAQ:YY traded up $1.42 during trading on Thursday, reaching $41.71. The stock had a trading volume of 364,332 shares, compared to its average volume of 475,758. The business has a fifty day moving average price of $44.85 and a 200-day moving average price of $40.66. JOYY Inc. has a 1-year low of $27.88 and a 1-year high of $55.31. The stock has a market cap of $2.25 billion, a PE ratio of 12.60 and a beta of 0.21.

JOYY Increases Dividend

The firm also recently declared 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 an increase from JOYY's previous quarterly dividend of $0.20. This represents a $3.72 annualized dividend and a dividend yield of 8.92%. The ex-dividend date is Thursday, April 17th. JOYY's dividend payout ratio (DPR) is currently -120.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on YY. Benchmark raised JOYY from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. StockNews.com started coverage on JOYY in a report on Thursday. They issued a "hold" rating for the company.

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.