JOYY Inc. (NASDAQ:YY) Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its position in JOYY Inc. (NASDAQ:YY - Free Report) by 50.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 55,612 shares of the information services provider's stock after acquiring an additional 18,586 shares during the period. Ritholtz Wealth Management owned about 0.10% of JOYY worth $2,335,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Global Retirement Partners LLC boosted its holdings in JOYY by 71.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,072 shares of the information services provider's stock worth $45,000 after acquiring an additional 447 shares during the period. Rhumbline Advisers boosted its stake 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 valued at $55,000 after purchasing an additional 510 shares during the period. SBI Securities Co. Ltd. acquired a new stake in JOYY during the 4th quarter valued at $25,000. BI Asset Management Fondsmaeglerselskab A S increased its stake 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, Atria Wealth Solutions Inc. lifted its holdings in JOYY by 8.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 12,500 shares of the information services provider's stock worth $523,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 36.83% of the company's stock.

JOYY Trading Up 1.2%

NASDAQ YY traded up $0.60 during trading hours on Thursday, reaching $50.60. 458,896 shares of the company traded hands, compared to its average volume of 504,579. The stock has a market capitalization of $2.72 billion, a PE ratio of 15.29 and a beta of 0.21. JOYY Inc. has a 12 month low of $28.48 and a 12 month high of $55.31. The company has a 50 day moving average of $43.72 and a two-hundred day moving average of $43.50.

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 given a dividend of $0.93 per share. This is a positive change from JOYY's previous quarterly dividend of $0.20. This represents a $3.72 annualized dividend and a dividend yield of 7.35%. The ex-dividend date of this dividend was Thursday, April 17th. JOYY's dividend payout ratio is currently -120.00%.

Analyst Ratings Changes

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

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.