6 days Ago By ABMN Staff
Russell Investments Group Ltd. lowered its position in JOYY Inc. ( NASDAQ:YY – Free Report ) by 82.
8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 119,068 shares of the information services provider’s stock after selling 572,261 shares during the quarter. Russell Investments Group Ltd.
owned about 0.22% of JOYY worth $4,908,000 at the end of the most recent reporting period. Other institutional investors have also recently made changes to their positions in the company.
Charles Schwab Investment Management Inc. lifted its position in shares of JOYY by 33.1% during the fourth quarter.
Charles Schwab Investment Management Inc. now owns 132,757 shares of the information services provider’s stock worth $5,556,000 after purchasing an additional 33,009 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in JOYY in the 4th quarter worth about $501,000.
Rhumbline Advisers lifted its holdings in JOYY by 63.0% during the 4th 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.
Ritholtz Wealth Management boosted its position in JOYY by 69.1% in the 4th 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 period.
Finally, Barclays PLC grew its stake in JOYY by 1.3% in the 3rd quarter. Barclays PLC now owns 20,543 shares of the information services provider’s stock worth $744,000 after acquiring an additional 270 shares in the last quarter.
Institutional investors own 36.83% of the company’s stock. Analyst Ratings Changes Several analysts have recently weighed in on YY shares.
StockNews.com began coverage on shares of JOYY in a research note on Wednesday, April 9th. They set 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 Price Performance NASDAQ:YY opened at $39.30 on Tuesday.
JOYY Inc. has a 1-year low of $27.88 and a 1-year high of $55.
31. The company has a 50-day moving average of $45.04 and a 200 day moving average of $40.
66. The firm has a market cap of $2.12 billion, a PE ratio of 11.
87 and a beta of 0.21. JOYY Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th.
Stockholders of record on Thursday, April 17th will be given a $0.93 dividend. This represents a $3.
72 annualized dividend and a dividend yield of 9.47%. The ex-dividend date of this dividend is Thursday, April 17th.
This is a boost from JOYY’s previous quarterly dividend of $0.20. JOYY’s dividend payout ratio 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. Read More Receive News & Ratings for JOYY Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JOYY and related companies with MarketBeat.com's FREE daily email newsletter .
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