Marshall Wace LLP Raises Stock Position in JOYY Inc. (NASDAQ:YY)

Marshall Wace LLP boosted its position in shares of JOYY Inc. (NASDAQ:YY - Free Report) by 92.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,367 shares of the information services provider's stock after buying an additional 16,987 shares during the quarter. Marshall Wace LLP owned approximately 0.07% of JOYY worth $1,480,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Jump Financial LLC acquired a new stake in JOYY in the fourth quarter valued at approximately $1,006,000. XTX Topco Ltd acquired a new stake in JOYY in the fourth quarter valued at approximately $683,000. Barclays PLC grew its holdings in JOYY by 147.1% in the fourth quarter. Barclays PLC now owns 50,771 shares of the information services provider's stock valued at $2,124,000 after purchasing an additional 30,228 shares during the period. Quinn Opportunity Partners LLC acquired a new stake in JOYY in the fourth quarter valued at approximately $1,205,000. Finally, Krane Funds Advisors LLC grew its holdings 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 valued at $62,778,000 after purchasing an additional 160,545 shares during the period. Institutional investors and hedge funds own 36.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on YY. StockNews.com initiated coverage on JOYY in a report on Friday. They issued a "hold" rating on the stock. Benchmark upgraded JOYY from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th.

JOYY Price Performance

NASDAQ YY opened at $40.73 on Tuesday. The company has a market cap of $2.19 billion, a PE ratio of 12.31 and a beta of 0.21. The stock's 50 day simple moving average is $43.78 and its 200-day simple moving average is $40.98. JOYY Inc. has a 1-year low of $27.88 and a 1-year high of $55.31.

JOYY Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be given a dividend of $0.93 per share. This is an increase 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 yield of 9.13%. JOYY's dividend payout ratio (DPR) 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.

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