BI Asset Management Fondsmaeglerselskab A S Purchases 883 Shares of JOYY Inc. (NASDAQ:YY)

BI Asset Management Fondsmaeglerselskab A S raised its position in JOYY Inc. (NASDAQ:YY) by 54.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,495 shares of the information services provider’s stock after acquiring an additional 883 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in JOYY were worth $104,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of YY. SBI Securities Co. Ltd. acquired a new position in JOYY during the 4th quarter valued at approximately $25,000. Global Retirement Partners LLC lifted its position in JOYY by 71.5% during the 4th quarter. Global Retirement Partners LLC now owns 1,072 shares of the information services provider’s stock worth $45,000 after acquiring an additional 447 shares during the period. Rhumbline Advisers grew its stake 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 purchasing an additional 510 shares during the last quarter. Aprio Wealth Management LLC acquired a new position in shares of JOYY in the fourth quarter valued at about $202,000. Finally, Blue Trust Inc. raised its stake in shares of JOYY by 25.8% in the fourth quarter. Blue Trust Inc. now owns 5,672 shares of the information services provider’s stock worth $237,000 after purchasing an additional 1,162 shares during the last quarter. 36.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

YY has been the topic of several research reports. StockNews.com assumed coverage on shares of 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

Shares of NASDAQ:YY opened at $40.68 on Friday. JOYY Inc. has a 1 year low of $27.88 and a 1 year high of $55.31. The firm has a market capitalization of $2.19 billion, a PE ratio of 12.29 and a beta of 0.21. The business’s 50 day moving average price is $44.10 and its 200-day moving average price is $40.82.

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 given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 9.14%. This is a boost from JOYY’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, April 17th. JOYY’s dividend payout ratio is -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.