24,041 Shares in JOYY Inc. (NASDAQ:YY) Purchased by Jump Financial LLC

Jump Financial LLC acquired a new stake in shares of JOYY Inc. (NASDAQ:YY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 24,041 shares of the information services provider's stock, valued at approximately $1,006,000.

A number of other large investors have also added to or reduced their stakes in the company. XTX Topco Ltd purchased a new stake in JOYY during the 4th quarter valued at $683,000. Barclays PLC boosted its stake in shares of JOYY by 147.1% during the 4th quarter. Barclays PLC now owns 50,771 shares of the information services provider's stock worth $2,124,000 after purchasing an additional 30,228 shares during the period. Quinn Opportunity Partners LLC purchased a new stake in JOYY in the 4th quarter worth about $1,205,000. Krane Funds Advisors LLC lifted its stake in JOYY by 12.0% in the fourth quarter. Krane Funds Advisors LLC now owns 1,500,081 shares of the information services provider's stock worth $62,778,000 after purchasing an additional 160,545 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of JOYY by 4.9% during the fourth quarter. Legal & General Group Plc now owns 97,917 shares of the information services provider's stock valued at $4,098,000 after buying an additional 4,609 shares during the period. Institutional investors own 36.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on YY. StockNews.com assumed coverage on shares of JOYY in a research report on Friday. They issued a "hold" rating for the company. Benchmark raised JOYY from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th.

JOYY Stock Down 0.7 %

Shares of NASDAQ:YY traded down $0.29 during trading on Friday, hitting $40.73. 493,608 shares of the stock traded hands, compared to its average volume of 481,050. JOYY Inc. has a 52-week low of $27.88 and a 52-week high of $55.31. The company has a fifty day moving average price of $43.93 and a two-hundred day moving average price of $40.86. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 12.31 and a beta of 0.21.

JOYY Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be issued 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 of this dividend is Thursday, April 17th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 9.13%. JOYY's dividend payout ratio is presently -120.00%.

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.