D. E. Shaw & Co. Inc. Grows Position in JOYY Inc. (NASDAQ:YY)

D. E. Shaw & Co. Inc. lifted its position in shares of JOYY Inc. (NASDAQ:YY) by 1,793.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 304,355 shares of the information services provider’s stock after purchasing an additional 288,285 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.57% of JOYY worth $12,737,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of JOYY during the 4th quarter worth approximately $25,000. Global Retirement Partners LLC increased its holdings in JOYY by 71.5% in 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 in the last quarter. Rhumbline Advisers raised its position 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 acquiring an additional 510 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in 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 purchasing an additional 883 shares in the last quarter. Finally, Aprio Wealth Management LLC acquired a new stake in shares of JOYY in the fourth quarter valued at about $202,000. 36.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Benchmark upgraded shares of JOYY from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. StockNews.com assumed coverage on JOYY in a research report on Sunday. They issued a “hold” rating on the stock.

JOYY Stock Up 1.3%

JOYY stock opened at $42.86 on Wednesday. The company has a fifty day simple moving average of $42.26 and a 200-day simple moving average of $41.55. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 12.95 and a beta of 0.21. JOYY Inc. has a 52-week low of $27.88 and a 52-week high of $55.31.

JOYY Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 8.68%. This is a positive change from JOYY’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, April 17th. JOYY’s dividend payout ratio (DPR) 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.