XTX Topco Ltd acquired a new stake in JOYY Inc. (NASDAQ:YY - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 16,332 shares of the information services provider's stock, valued at approximately $683,000.
Several other hedge funds have also recently added to or reduced their stakes in the company. Yunqi Capital Ltd raised its holdings 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 worth $71,605,000 after purchasing an additional 865,285 shares during the last quarter. Krane Funds Advisors LLC raised its holdings in JOYY by 12.0% during the 4th quarter. Krane Funds Advisors LLC now owns 1,500,081 shares of the information services provider's stock worth $62,778,000 after purchasing an additional 160,545 shares during the last quarter. Vanguard Group Inc. raised its holdings 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 worth $47,268,000 after purchasing an additional 13,560 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of JOYY by 1.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 825,299 shares of the information services provider's stock valued at $34,539,000 after acquiring an additional 13,710 shares in the last quarter. Finally, AI Squared Management Ltd bought a new stake in shares of JOYY in the 4th quarter valued at $10,362,000. Institutional investors own 36.83% of the company's stock.
Analyst Upgrades and Downgrades
YY has been the topic of a number of research analyst reports. Benchmark raised shares of JOYY from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. StockNews.com initiated coverage on shares of JOYY in a research report on Thursday, April 17th. They set a "hold" rating on the stock.
Check Out Our Latest Analysis on JOYY
JOYY Trading Up 0.2 %
NASDAQ YY traded up $0.08 during trading hours on Wednesday, hitting $39.28. The company's stock had a trading volume of 352,372 shares, compared to its average volume of 478,007. JOYY Inc. has a 52 week low of $27.88 and a 52 week high of $55.31. The company has a market capitalization of $2.11 billion, a PE ratio of 11.87 and a beta of 0.21. The company's 50-day simple moving average is $44.36 and its two-hundred day simple moving average is $40.79.
JOYY Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be given a $0.93 dividend. This is a boost from JOYY's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $3.72 annualized dividend and a yield of 9.47%. JOYY's dividend payout ratio (DPR) is presently -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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