Barclays PLC Has $2.12 Million Stock Holdings in JOYY Inc. (NASDAQ:YY)

Barclays PLC raised its position in JOYY Inc. (NASDAQ:YY - Free Report) by 147.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,771 shares of the information services provider's stock after acquiring an additional 30,228 shares during the period. Barclays PLC owned about 0.09% of JOYY worth $2,124,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in YY. Yunqi Capital Ltd boosted its holdings in JOYY by 102.3% during 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 purchasing an additional 865,285 shares in the last quarter. AI Squared Management Ltd acquired a new stake in JOYY in the 4th quarter valued at $10,362,000. Krane Funds Advisors LLC grew its position in JOYY by 12.0% in the fourth 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 during the period. O Shaughnessy Asset Management LLC acquired a new position in JOYY during the fourth quarter worth $4,958,000. Finally, Norges Bank bought a new position in shares of JOYY during the fourth quarter valued at $3,859,000. Institutional investors and hedge funds own 36.83% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. StockNews.com started coverage on JOYY in a research note on Saturday. They issued a "hold" rating on the stock. Benchmark upgraded shares of JOYY from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th.

JOYY Stock Up 3.4 %

NASDAQ:YY traded up $1.40 during trading hours on Monday, hitting $42.25. 331,494 shares of the stock were exchanged, compared to its average volume of 484,827. The company's 50 day moving average is $43.05 and its two-hundred day moving average is $41.18. The company has a market capitalization of $2.27 billion, a P/E ratio of 12.76 and a beta of 0.21. JOYY Inc. has a twelve month low of $27.88 and a twelve month high of $55.31.

JOYY Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 8.81%. This is a positive change from JOYY's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, April 17th. JOYY's dividend payout ratio (DPR) is presently -120.00%.

About JOYY

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.