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Man Group plc Takes Position in JOYY Inc. (NASDAQ:YY)

JOYY logo with Computer and Technology background

Man Group plc purchased a new stake in JOYY Inc. (NASDAQ:YY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 89,640 shares of the information services provider's stock, valued at approximately $3,751,000. Man Group plc owned about 0.17% of JOYY at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new stake in JOYY during the 4th quarter worth about $25,000. Global Retirement Partners LLC raised its holdings in JOYY by 71.5% during 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 raised its holdings in JOYY by 63.0% during the 4th quarter. Rhumbline Advisers now owns 1,319 shares of the information services provider's stock worth $55,000 after buying an additional 510 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its holdings in JOYY by 54.8% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,495 shares of the information services provider's stock worth $104,000 after buying an additional 883 shares during the period. Finally, Blue Trust Inc. raised its holdings in JOYY by 25.8% during the 4th quarter. Blue Trust Inc. now owns 5,672 shares of the information services provider's stock worth $237,000 after buying an additional 1,162 shares during the period. 36.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on YY shares. Wall Street Zen started coverage on JOYY in a report on Monday, May 19th. They set a "hold" rating on the stock. Benchmark upgraded JOYY from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th.

Check Out Our Latest Analysis on YY

JOYY Stock Down 0.3%

Shares of YY traded down $0.11 during trading hours on Tuesday, reaching $43.64. The company's stock had a trading volume of 264,462 shares, compared to its average volume of 498,682. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 13.18 and a beta of 0.21. JOYY Inc. has a 1-year low of $27.88 and a 1-year high of $55.31. The company has a 50 day moving average of $41.38 and a two-hundred day moving average of $42.17.

JOYY Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were issued a $0.93 dividend. This is an increase 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 8.52%. JOYY's dividend payout ratio is currently -120.00%.

About JOYY

(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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Institutional Ownership by Quarter for JOYY (NASDAQ:YY)

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