JOYY Inc. Sponsored ADR $JOYY Shares Newly Acquired by D Orazio & Associates Inc.

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

Other institutional investors have also made changes to their positions in the company. Crossmark Global Holdings Inc. acquired a new stake in JOYY in the 3rd quarter worth approximately $15,906,000. OPTIMAS CAPITAL Ltd grew its holdings in JOYY by 90.7% during the third quarter. OPTIMAS CAPITAL Ltd now owns 71,500 shares of the company’s stock valued at $5,738,000 after purchasing an additional 34,000 shares during the last quarter. Vest Financial LLC grew its holdings in JOYY by 21.9% during the third quarter. Vest Financial LLC now owns 30,965 shares of the company’s stock valued at $2,485,000 after purchasing an additional 5,555 shares during the last quarter. Asset Management One Co. Ltd. acquired a new position in JOYY during the third quarter valued at approximately $2,383,000. Finally, CenterBook Partners LP bought a new position in shares of JOYY in the third quarter valued at approximately $2,292,000. 36.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

JOYY Stock Down 0.7%

JOYY opened at $80.96 on Wednesday. The firm has a market capitalization of $3.96 billion, a P/E ratio of 19.78 and a beta of 0.44. The stock’s 50 day moving average price is $79.79 and its two-hundred day moving average price is $68.78. JOYY Inc. Sponsored ADR has a 12-month low of $54.24 and a 12-month high of $85.15.

JOYY Increases Dividend

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

JOYY Company Profile

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.