JOYY Inc. (NASDAQ:YY) Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC trimmed its position in JOYY Inc. (NASDAQ:YY) by 77.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,657 shares of the information services provider’s stock after selling 12,585 shares during the period. Headlands Technologies LLC’s holdings in JOYY were worth $153,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in JOYY in the fourth quarter valued at approximately $25,000. Global Retirement Partners LLC lifted its position in shares of JOYY by 71.5% during the 4th quarter. Global Retirement Partners LLC now owns 1,072 shares of the information services provider’s stock worth $45,000 after buying an additional 447 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of JOYY by 63.0% in the 4th quarter. Rhumbline Advisers now owns 1,319 shares of the information services provider’s stock valued at $55,000 after buying an additional 510 shares in the last quarter. Aprio Wealth Management LLC acquired a new position in shares of JOYY in the 4th quarter valued at $202,000. Finally, Blue Trust Inc. grew its position in shares of JOYY by 25.8% in the 4th quarter. Blue Trust Inc. now owns 5,672 shares of the information services provider’s stock valued at $237,000 after buying an additional 1,162 shares during the last quarter. 36.83% of the stock is owned by hedge funds and other institutional investors.

JOYY Trading Down 7.0 %

Shares of YY opened at $39.14 on Friday. The company’s 50 day simple moving average is $45.97 and its 200-day simple moving average is $40.52. The firm has a market cap of $2.11 billion, a PE ratio of 11.82 and a beta of 0.21. JOYY Inc. has a 12-month low of $27.88 and a 12-month high of $55.31.

JOYY Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th will be given a dividend of $0.93 per share. This is an increase from JOYY’s previous quarterly dividend of $0.20. This represents a $3.72 annualized dividend and a yield of 9.50%. The ex-dividend date is Thursday, April 17th. JOYY’s dividend payout ratio (DPR) is presently -120.00%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on YY shares. Benchmark upgraded shares of JOYY from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. StockNews.com downgraded JOYY from a “buy” rating to a “hold” rating in a report on Thursday, March 6th.

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.