Aquatic Capital Management LLC Buys 25,083 Shares of JOYY Inc. (NASDAQ:YY)

Aquatic Capital Management LLC raised its stake in shares of JOYY Inc. (NASDAQ:YY - Free Report) by 533.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,783 shares of the information services provider's stock after purchasing an additional 25,083 shares during the quarter. Aquatic Capital Management LLC owned approximately 0.06% of JOYY worth $1,246,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of YY. Barclays PLC raised its holdings in JOYY by 1.3% in the third quarter. Barclays PLC now owns 20,543 shares of the information services provider's stock worth $744,000 after purchasing an additional 270 shares in the last quarter. Global Retirement Partners LLC grew its position 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 worth $45,000 after buying an additional 447 shares during the period. Rhumbline Advisers increased its stake in shares of JOYY by 63.0% in the 4th quarter. Rhumbline Advisers now owns 1,319 shares of the information services provider's stock worth $55,000 after acquiring an additional 510 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in JOYY during the 4th quarter valued at about $25,000. Finally, Geode Capital Management LLC boosted its stake in JOYY by 1.2% during the third quarter. Geode Capital Management LLC now owns 72,152 shares of the information services provider's stock worth $2,615,000 after acquiring an additional 877 shares in the last quarter. 36.83% of the stock is owned by hedge funds and other institutional investors.

JOYY Price Performance

JOYY stock traded up $1.40 during mid-day trading on Monday, reaching $42.25. The stock had a trading volume of 331,494 shares, compared to its average volume of 484,827. JOYY Inc. has a one year low of $27.88 and a one year high of $55.31. The company has a 50-day moving average price of $43.05 and a two-hundred day moving average price of $41.18. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 12.76 and a beta of 0.21.

JOYY Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were issued a dividend of $0.93 per share. This is a boost from JOYY's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 8.81%. JOYY's dividend payout ratio is presently -120.00%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. StockNews.com initiated coverage on shares of JOYY in a research note on Saturday. They set a "hold" rating for the company. Benchmark raised JOYY from a "hold" rating to a "buy" rating in a research 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.