Point72 Hong Kong Ltd lowered its holdings in shares of JOYY Inc. (NASDAQ:YY - Free Report) by 17.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,502,473 shares of the information services provider's stock after selling 309,813 shares during the quarter. JOYY makes up 3.8% of Point72 Hong Kong Ltd's portfolio, making the stock its 4th biggest holding. Point72 Hong Kong Ltd owned approximately 2.79% of JOYY worth $62,879,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Barclays PLC boosted its stake in JOYY by 1.3% during the third quarter. Barclays PLC now owns 20,543 shares of the information services provider's stock valued at $744,000 after buying an additional 270 shares during the last quarter. Aprio Wealth Management LLC bought a new position in JOYY during the fourth quarter valued at approximately $202,000. Ritholtz Wealth Management boosted its stake in JOYY by 69.1% during the fourth quarter. Ritholtz Wealth Management now owns 37,026 shares of the information services provider's stock valued at $1,550,000 after buying an additional 15,127 shares during the last quarter. Retireful LLC bought a new position in JOYY during the fourth quarter valued at approximately $241,000. Finally, SG Americas Securities LLC boosted its stake in JOYY by 699.0% during the fourth quarter. SG Americas Securities LLC now owns 39,573 shares of the information services provider's stock valued at $1,656,000 after buying an additional 34,620 shares during the last quarter. Hedge funds and other institutional investors own 36.83% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. Benchmark raised JOYY from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. StockNews.com initiated coverage on JOYY in a research note on Sunday, May 11th. They issued a "hold" rating for the company.
View Our Latest Stock Report on YY
JOYY Price Performance
Shares of NASDAQ:YY traded down $0.43 during trading on Friday, hitting $42.20. The company had a trading volume of 143,253 shares, compared to its average volume of 492,667. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 12.75 and a beta of 0.21. JOYY Inc. has a one year low of $27.88 and a one year high of $55.31. The company has a fifty day simple moving average of $41.89 and a two-hundred day simple moving average of $41.72.
JOYY Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were paid a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 8.82%. 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%.
About JOYY
(
Free Report)
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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