JOYY Inc. (NASDAQ:YY) Shares Acquired by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lifted its stake in shares of JOYY Inc. (NASDAQ:YY) by 1,793.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 304,355 shares of the information services provider’s stock after acquiring an additional 288,285 shares during the period. D. E. Shaw & Co. Inc.’s holdings in JOYY were worth $12,737,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC grew its holdings in shares of JOYY by 1.3% during the 3rd quarter. Barclays PLC now owns 20,543 shares of the information services provider’s stock worth $744,000 after purchasing an additional 270 shares during the period. Global Retirement Partners LLC lifted its position in JOYY by 71.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,072 shares of the information services provider’s stock valued at $45,000 after buying an additional 447 shares during the last quarter. Rhumbline Advisers boosted its stake in JOYY by 63.0% during the fourth quarter. Rhumbline Advisers now owns 1,319 shares of the information services provider’s stock worth $55,000 after buying an additional 510 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of JOYY during the fourth quarter valued at about $25,000. Finally, BI Asset Management Fondsmaeglerselskab A S increased its position in shares of JOYY by 54.8% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,495 shares of the information services provider’s stock valued at $104,000 after acquiring an additional 883 shares during the last quarter. Institutional investors and hedge funds own 36.83% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on YY shares. Benchmark raised shares of JOYY from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. StockNews.com began coverage on JOYY in a research report on Sunday. They set a “hold” rating for the company.

JOYY Price Performance

NASDAQ YY opened at $42.86 on Wednesday. The company has a market cap of $2.31 billion, a P/E ratio of 12.95 and a beta of 0.21. The stock has a 50-day moving average of $42.26 and a two-hundred day moving average of $41.55. JOYY Inc. has a 1-year low of $27.88 and a 1-year high of $55.31.

JOYY Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were paid a dividend of $0.93 per share. This is an increase from JOYY’s previous quarterly dividend of $0.20. This represents a $3.72 annualized dividend and a yield of 8.68%. The ex-dividend date was Thursday, April 17th. JOYY’s dividend payout ratio is presently -120.00%.

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.