BNP Paribas Financial Markets Invests $15.45 Million in JOYY Inc. (NASDAQ:YY)

BNP Paribas Financial Markets purchased a new stake in shares of JOYY Inc. (NASDAQ:YY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 369,119 shares of the information services provider's stock, valued at approximately $15,448,000. BNP Paribas Financial Markets owned 0.69% of JOYY as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of YY. Barclays PLC raised its holdings in shares of 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 buying an additional 270 shares during the period. Global Retirement Partners LLC increased its stake 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 purchasing an additional 447 shares during the period. Rhumbline Advisers lifted its position 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. SBI Securities Co. Ltd. purchased a new stake in shares of JOYY during the fourth quarter valued at $25,000. Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of JOYY by 54.8% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,495 shares of the information services provider's stock worth $104,000 after purchasing an additional 883 shares during the last quarter. 36.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on YY shares. Benchmark upgraded shares of JOYY from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. StockNews.com assumed coverage on JOYY in a report on Sunday. They issued a "hold" rating for the company.

JOYY Price Performance

YY stock opened at $42.32 on Friday. JOYY Inc. has a 1-year low of $27.88 and a 1-year high of $55.31. The business has a 50-day moving average price of $42.55 and a 200 day moving average price of $41.43. The company has a market capitalization of $2.28 billion, a P/E ratio of 12.79 and a beta of 0.21.

JOYY Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were given a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 8.79%. The ex-dividend date of this dividend was Thursday, April 17th. This is a boost from JOYY's previous quarterly dividend of $0.20. JOYY's dividend payout ratio 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.

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