UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 17,519 Shares of JOYY Inc. (NASDAQ:YY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of JOYY Inc. (NASDAQ:YY - Free Report) by 57.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,917 shares of the information services provider's stock after selling 17,519 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in JOYY were worth $541,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Yunqi Capital Ltd lifted its position in shares of JOYY by 102.3% during the 4th quarter. Yunqi Capital Ltd now owns 1,710,987 shares of the information services provider's stock valued at $71,605,000 after acquiring an additional 865,285 shares during the period. Krane Funds Advisors LLC boosted its holdings in shares of JOYY by 12.0% in the 4th quarter. Krane Funds Advisors LLC now owns 1,500,081 shares of the information services provider's stock valued at $62,778,000 after purchasing an additional 160,545 shares in the last quarter. OLP CAPITAL MANAGEMENT Ltd bought a new position in shares of JOYY in the 4th quarter valued at $57,840,000. Vanguard Group Inc. raised its holdings in shares of JOYY by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 1,129,472 shares of the information services provider's stock worth $47,268,000 after buying an additional 13,560 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in JOYY by 1.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 825,299 shares of the information services provider's stock valued at $34,539,000 after buying an additional 13,710 shares in the last quarter. 36.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on YY. Benchmark raised shares of JOYY from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Wall Street Zen began coverage on JOYY in a report on Monday, May 19th. They set a "hold" rating on the stock.

JOYY Stock Down 0.1%

Shares of NASDAQ YY traded down $0.03 during trading on Thursday, reaching $49.57. The company had a trading volume of 265,328 shares, compared to its average volume of 502,670. The company's fifty day moving average price is $42.62 and its 200-day moving average price is $43.07. JOYY Inc. has a 12 month low of $27.88 and a 12 month high of $55.31. The stock has a market cap of $2.67 billion, a P/E ratio of 14.98 and a beta of 0.21.

JOYY Increases Dividend

The firm also recently announced 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. The ex-dividend date was Thursday, April 17th. This represents a $3.72 annualized dividend and a dividend yield of 7.50%. JOYY's dividend payout ratio is presently -120.00%.

JOYY 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.