D Orazio & Associates Inc. bought a new position in shares of JOYY Inc. (NASDAQ:YY - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,609 shares of the information services provider's stock, valued at approximately $235,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of JOYY in the fourth quarter worth approximately $25,000. Global Retirement Partners LLC grew its stake in shares of JOYY by 71.5% during the 4th quarter. Global Retirement Partners LLC now owns 1,072 shares of the information services provider's stock valued at $45,000 after buying an additional 447 shares during the period. Rhumbline Advisers increased its holdings in shares of 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 last quarter. Raiffeisen Bank International AG purchased a new position in shares of JOYY in the 4th quarter worth $85,000. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its holdings in 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 valued at $104,000 after acquiring an additional 883 shares during the last quarter. 36.83% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
YY has been the subject of several recent research reports. Benchmark raised shares of JOYY from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Wall Street Zen initiated coverage on JOYY in a research report on Monday, May 19th. They issued a "hold" rating on the stock.
Read Our Latest Analysis on JOYY
JOYY Stock Down 1.5%
Shares of NASDAQ:YY opened at $49.02 on Monday. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 14.81 and a beta of 0.21. The company has a 50 day moving average of $43.05 and a two-hundred day moving average of $43.34. JOYY Inc. has a 52-week low of $27.88 and a 52-week high of $55.31.
JOYY Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 7.59%. This is a positive change from JOYY's previous quarterly dividend of $0.20. The ex-dividend date was Thursday, April 17th. JOYY's dividend payout ratio (DPR) is presently -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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