JOYY Inc. (NASDAQ:YY) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP reduced its position in JOYY Inc. (NASDAQ:YY - Free Report) by 41.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,167 shares of the information services provider's stock after selling 18,949 shares during the quarter. Two Sigma Investments LP owned about 0.05% of JOYY worth $1,137,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Caprock Group LLC purchased a new stake in shares of JOYY during the fourth quarter worth approximately $385,000. Rhumbline Advisers raised its stake 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. Sanctuary Advisors LLC purchased a new stake in shares of JOYY during the fourth quarter worth approximately $501,000. Atria Wealth Solutions Inc. raised its stake in shares of JOYY by 8.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 12,500 shares of the information services provider's stock worth $523,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of JOYY by 71.5% during 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. 36.83% of the stock is owned by institutional investors and hedge funds.

JOYY Stock Performance

NASDAQ:YY opened at $47.22 on Friday. The stock has a fifty day moving average price of $42.11 and a two-hundred day moving average price of $42.71. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 14.27 and a beta of 0.21. JOYY Inc. has a 1 year low of $27.88 and a 1 year high of $55.31.

JOYY Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 7.88%. 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%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wall Street Zen assumed coverage on JOYY in a research note on Monday, May 19th. They set a "hold" rating for the company. Benchmark upgraded JOYY from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th.

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.

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