Susquehanna Fundamental Investments LLC Purchases Shares of 71,409 JOYY Inc. (NASDAQ:YY)

Susquehanna Fundamental Investments LLC purchased a new stake in JOYY Inc. (NASDAQ:YY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 71,409 shares of the information services provider's stock, valued at approximately $2,988,000. Susquehanna Fundamental Investments LLC owned about 0.13% of JOYY at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in shares of JOYY by 33.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 132,757 shares of the information services provider's stock valued at $5,556,000 after purchasing an additional 33,009 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in JOYY during the fourth quarter worth about $501,000. Rhumbline Advisers raised its position in JOYY by 63.0% in the fourth quarter. Rhumbline Advisers now owns 1,319 shares of the information services provider's stock worth $55,000 after acquiring an additional 510 shares during the period. Ritholtz Wealth Management raised its position in JOYY by 69.1% in the fourth quarter. Ritholtz Wealth Management now owns 37,026 shares of the information services provider's stock worth $1,550,000 after acquiring an additional 15,127 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in JOYY by 56.5% in the fourth quarter. JPMorgan Chase & Co. now owns 121,109 shares of the information services provider's stock valued at $5,068,000 after acquiring an additional 43,731 shares during the last quarter. 36.83% of the stock is currently owned by institutional investors.

JOYY Price Performance

NASDAQ YY traded up $1.40 during trading on Monday, hitting $42.25. 331,494 shares of the company's stock traded hands, compared to its average volume of 484,827. The stock has a fifty day moving average of $43.05 and a two-hundred day moving average of $41.18. JOYY Inc. has a 12-month low of $27.88 and a 12-month high of $55.31. The firm has a market cap of $2.27 billion, a P/E ratio of 12.76 and a beta of 0.21.

JOYY Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were issued a dividend of $0.93 per share. The ex-dividend date of this dividend was Thursday, April 17th. This is a boost from JOYY's previous quarterly dividend of $0.20. This represents a $3.72 annualized dividend and a yield of 8.81%. JOYY's dividend payout ratio is currently -120.00%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on YY. Benchmark upgraded JOYY from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. StockNews.com assumed coverage on shares of JOYY in a research report on Saturday. They issued a "hold" rating on the stock.

About JOYY

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.