D Orazio & Associates Inc. Invests $235,000 in JOYY Inc. (NASDAQ:YY)

D Orazio & Associates Inc. acquired a new position in JOYY Inc. (NASDAQ:YY - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,609 shares of the information services provider's stock, valued at approximately $235,000.

A number of other hedge funds have also recently made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new stake in JOYY in the 4th quarter worth $25,000. Global Retirement Partners LLC increased its holdings in shares of 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 last quarter. Rhumbline Advisers lifted its position in shares of JOYY by 63.0% in the fourth quarter. Rhumbline Advisers now owns 1,319 shares of the information services provider's stock worth $55,000 after buying an additional 510 shares in the last quarter. Raiffeisen Bank International AG bought a new position in JOYY during the fourth quarter valued at approximately $85,000. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its stake in JOYY by 54.8% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,495 shares of the information services provider's stock valued at $104,000 after buying an additional 883 shares during the last quarter. Institutional investors own 36.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on YY shares. Wall Street Zen started coverage on JOYY in a research note on Monday, May 19th. They issued a "hold" rating on the stock. Benchmark raised shares of JOYY from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th.

JOYY Price Performance

Shares of JOYY stock traded up $0.60 during trading hours on Thursday, reaching $50.60. The company's stock had a trading volume of 458,896 shares, compared to its average volume of 504,579. The firm has a 50 day moving average price of $43.72 and a 200-day moving average price of $43.50. The stock has a market cap of $2.72 billion, a P/E ratio of 15.29 and a beta of 0.21. JOYY Inc. has a one year low of $28.48 and a one year high of $55.31.

JOYY Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were paid a dividend of $0.93 per share. This is a boost from JOYY's previous quarterly dividend of $0.20. This represents a $3.72 annualized dividend and a yield of 7.35%. The ex-dividend date was Thursday, April 17th. JOYY's payout ratio is presently -120.00%.

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.