SG Americas Securities LLC Has $4.86 Million Holdings in JOYY Inc. Sponsored ADR $JOYY

Key Points

• SG Americas Securities LLC increased its stake in JOYY by 1,336.8% in Q4, adding 69,794 shares to hold 75,015 shares worth about $4.86 million (≈0.15% of the company).
• JOYY declared a quarterly dividend of $1.38 per share (annualized $5.52), yielding ~9.5%, with record/ex-dividend date on April 22 and payment on May 8.
• JOYY has a market capitalization of $2.99 billion and a low P/E of 1.49, reported $1.34 EPS for the quarter, and carries a consensus Wall Street rating of "Hold" with a $74.67 target.

SG Americas Securities LLC grew its holdings in shares of JOYY Inc. Sponsored ADR (NASDAQ:JOYY - Free Report) by 1,336.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 75,015 shares of the company's stock after acquiring an additional 69,794 shares during the period. SG Americas Securities LLC owned 0.15% of JOYY worth $4,858,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Stonehill Capital Management LLC acquired a new position in shares of JOYY in the 3rd quarter valued at about $80,885,000. Public Employees Retirement System of Ohio acquired a new stake in JOYY during the third quarter worth approximately $9,204,000. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in JOYY in the third quarter worth approximately $1,189,000. China Universal Asset Management Co. Ltd. acquired a new position in JOYY in the third quarter valued at approximately $715,000. Finally, Handelsbanken Fonder AB acquired a new position in JOYY in the third quarter valued at approximately $451,000. 36.83% of the stock is owned by institutional investors.

JOYY Stock Performance

Shares of JOYY stock opened at $58.30 on Thursday. The stock has a market capitalization of $2.99 billion, a PE ratio of 1.49 and a beta of 0.42. JOYY Inc. Sponsored ADR has a 52 week low of $37.53 and a 52 week high of $70.96. The stock has a 50 day moving average price of $61.81 and a two-hundred day moving average price of $62.08.

JOYY (NASDAQ:JOYY - Get Free Report) last issued its earnings results on Saturday, February 14th. The company reported $1.34 earnings per share for the quarter. JOYY had a return on equity of 3.93% and a net margin of 98.79%.The company had revenue of $581.92 million for the quarter.

JOYY Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Wednesday, April 22nd will be issued a dividend of $1.38 per share. The ex-dividend date is Wednesday, April 22nd. This represents a $5.52 annualized dividend and a yield of 9.5%. JOYY's dividend payout ratio is presently 9.89%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Citigroup raised their price objective on shares of JOYY from $70.00 to $78.00 and gave the stock a "buy" rating in a research report on Tuesday, January 13th. Weiss Ratings reiterated a "hold (c-)" rating on shares of JOYY in a research report on Thursday, January 22nd. UBS Group initiated coverage on shares of JOYY in a research note on Wednesday, March 11th. They set a "buy" rating and a $80.00 target price on the stock. Zacks Research cut shares of JOYY from a "hold" rating to a "strong sell" rating in a report on Thursday, March 19th. Finally, Wall Street Zen lowered shares of JOYY from a "buy" rating to a "hold" rating in a report on Saturday, December 20th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, JOYY currently has a consensus rating of "Hold" and a consensus target price of $74.67.

About JOYY

JOYY Inc NASDAQ: JOYY is a China-based technology company that develops and operates social media and live-streaming platforms. The company's core business centers on real-time interactive video services and short-form social content, enabling users to create, share and monetize live and recorded audio-visual content. JOYY's platforms are designed to connect creators and viewers through features such as live chat, virtual gifting and subscription-based interactions.

Products and services provided by JOYY include consumer-facing mobile and web applications that support live entertainment, social networking and short-form video consumption.

Want to see what other hedge funds are holding JOYY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JOYY Inc. Sponsored ADR (NASDAQ:JOYY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.