D Orazio & Associates Inc. Makes New Investment in JOYY Inc. Sponsored ADR $JOYY

D Orazio & Associates Inc. purchased a new position in JOYY Inc. Sponsored ADR (NASDAQ:JOYY – Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,749 shares of the company’s stock, valued at approximately $542,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new position in shares of JOYY during the 3rd quarter worth about $31,000. EverSource Wealth Advisors LLC lifted its stake in shares of JOYY by 167.7% in the first quarter. EverSource Wealth Advisors LLC now owns 613 shares of the company’s stock valued at $36,000 after buying an additional 384 shares during the period. Ramsey Quantitative Systems bought a new stake in shares of JOYY in the third quarter valued at about $45,000. Integrated Wealth Concepts LLC bought a new stake in shares of JOYY in the second quarter valued at about $65,000. Finally, Nykredit A S acquired a new stake in JOYY during the second quarter worth about $110,000. Institutional investors own 36.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on JOYY shares. Weiss Ratings upgraded JOYY from a “hold (c-)” rating to a “buy (b)” rating in a research note on Friday, August 28th. JPMorgan Chase & Co. raised JOYY from a “neutral” rating to an “overweight” rating and upped their price target for the company from $35.00 to $98.00 in a report on Wednesday, August 12th. Jefferies Financial Group reiterated a “buy” rating and issued a $87.00 price objective on shares of JOYY in a research report on Wednesday, August 26th. Benchmark reiterated a “buy” rating on shares of JOYY in a research report on Wednesday, August 26th. Finally, Citigroup reissued a “buy” rating on shares of JOYY in a report on Wednesday, July 22nd. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $83.40.

View Our Latest Report on JOYY

JOYY Price Performance

Shares of JOYY stock opened at $80.96 on Wednesday. The firm has a market capitalization of $3.96 billion, a PE ratio of 19.78 and a beta of 0.44. The company’s fifty day moving average price is $79.79 and its two-hundred day moving average price is $68.78. JOYY Inc. Sponsored ADR has a 52-week low of $54.24 and a 52-week high of $85.15.

JOYY Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Wednesday, September 30th were given a dividend of $1.55 per share. This is an increase from JOYY’s previous quarterly dividend of $1.50. The ex-dividend date was Wednesday, September 30th. This represents a $6.20 annualized dividend and a dividend yield of 7.7%. JOYY’s dividend payout ratio (DPR) is presently 147.49%.

About JOYY

(Free Report)

JOYY Inc. is a Singapore-headquartered internet company focused on live streaming, short-form video and online communication. Its consumer platforms include Bigo Live, where users broadcast and watch live content; Likee, a short-video creation and sharing app; and imo, a messaging and voice and video calling service. The company’s roots are in China, where it began as an online social entertainment business. It adopted the JOYY name in 2019 as it expanded its focus beyond its original market. Its platforms serve users in numerous countries, with a presence in markets across Asia, the Middle East and other regions.

Further Reading

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Institutional Ownership by Quarter for JOYY (NASDAQ:JOYY)

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