JOYY Inc. (NASDAQ:YY) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

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 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,917 shares of the information services provider's stock after selling 17,519 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in JOYY were worth $541,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in JOYY during the fourth quarter valued at approximately $25,000. Global Retirement Partners LLC raised its stake in JOYY by 71.5% during the fourth 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 in the last quarter. Rhumbline Advisers raised its stake in JOYY by 63.0% during the fourth quarter. Rhumbline Advisers now owns 1,319 shares of the information services provider's stock valued at $55,000 after buying an additional 510 shares in the last quarter. Raiffeisen Bank International AG acquired a new stake in JOYY during the fourth quarter valued at approximately $85,000. Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of JOYY by 54.8% during 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 purchasing an additional 883 shares during the last quarter. Institutional investors and hedge funds own 36.83% of the company's stock.

Wall Street Analyst Weigh In

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

JOYY Stock Down 1.5%

Shares of NASDAQ:YY traded down $0.76 during trading on Friday, hitting $49.02. 353,219 shares of the company traded hands, compared to its average volume of 502,503. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 14.81 and a beta of 0.21. The business's fifty day moving average is $43.05 and its 200-day moving average is $43.30. JOYY Inc. has a one year low of $27.88 and a one year high of $55.31.

JOYY Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were issued a $0.93 dividend. 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 is -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.