JOYY Inc. Sponsored ADR (JOYY) – What Are Brokerages Saying About This Stock?

JOYY Inc. Sponsored ADR (NASDAQ:JOYY) has been given a consensus recommendation of “Moderate Buy” by the seven analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $83.40.

Several research firms have recently issued reports on JOYY. Citigroup reiterated a “buy” rating on shares of JOYY in a research report on Wednesday, July 22nd. Morgan Stanley set a $74.00 target price on shares of JOYY in a research report on Wednesday, August 26th. Jefferies Financial Group restated a “buy” rating and set a $87.00 target price on shares of JOYY in a research report on Wednesday, August 26th. Weiss Ratings raised shares of JOYY from a “hold (c-)” rating to a “buy (b)” rating in a research note on Friday, August 28th. Finally, Benchmark reiterated a “buy” rating on shares of JOYY in a report on Wednesday, August 26th.

Institutional Inflows and Outflows

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

JOYY Price Performance

JOYY stock opened at $83.35 on Monday. JOYY has a 1-year low of $54.24 and a 1-year high of $85.15. The business has a 50 day simple moving average of $78.40 and a two-hundred day simple moving average of $70.27. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 19.89 and a beta of 0.38.

JOYY Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Wednesday, September 30th were issued a dividend of $1.55 per share. This is a boost from JOYY’s previous quarterly dividend of $1.50. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $6.20 annualized dividend and a dividend yield of 7.4%. JOYY’s payout ratio is currently 147.49%.

JOYY Company Profile

JOYY Inc (NASDAQ: JOYY) is a global technology company that operates video-based social media and live-streaming platforms. The company’s services enable users to share live video, create and view short-form content, communicate through messaging and voice services, and participate in online communities.

JOYY’s principal products include BIGO LIVE, a live-streaming platform; Likee, a short-form video and creation platform; and imo, an instant messaging and voice and video communication service.