JOYY Inc. (NASDAQ:YY) Stock Position Lowered by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of JOYY Inc. (NASDAQ:YY) by 25.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,398 shares of the information services provider’s stock after selling 10,902 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.06% of JOYY worth $1,314,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of JOYY by 33.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 132,757 shares of the information services provider’s stock valued at $5,556,000 after buying an additional 33,009 shares in the last quarter. FMR LLC grew its holdings in shares of JOYY by 4.3% in the 3rd quarter. FMR LLC now owns 678,551 shares of the information services provider’s stock worth $24,591,000 after acquiring an additional 28,126 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of JOYY during the fourth quarter worth $501,000. Rhumbline Advisers lifted its holdings in shares of JOYY by 63.0% during the fourth 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. Finally, Ritholtz Wealth Management boosted its position in shares of 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 purchasing an additional 15,127 shares during the period. 36.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

YY has been the subject of a number of analyst reports. StockNews.com lowered shares of JOYY from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Benchmark upgraded shares of JOYY from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th.

JOYY Trading Up 1.0 %

NASDAQ:YY opened at $41.98 on Wednesday. The business’s fifty day moving average price is $46.12 and its 200 day moving average price is $40.42. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 12.68 and a beta of 0.21. JOYY Inc. has a 1-year low of $27.88 and a 1-year high of $55.31.

JOYY Increases Dividend

The business 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 dividend on an annualized basis and a dividend yield of 8.86%. This is a positive change from JOYY’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, April 17th. JOYY’s dividend payout ratio is -120.00%.

JOYY 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.