Jump Financial LLC Takes $1.01 Million Position in JOYY Inc. (NASDAQ:YY)

Jump Financial LLC purchased a new stake in JOYY Inc. (NASDAQ:YY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 24,041 shares of the information services provider’s stock, valued at approximately $1,006,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Yunqi Capital Ltd increased its stake in JOYY by 102.3% during the 4th quarter. Yunqi Capital Ltd now owns 1,710,987 shares of the information services provider’s stock worth $71,605,000 after buying an additional 865,285 shares during the period. AI Squared Management Ltd acquired a new stake in shares of JOYY during the fourth quarter valued at about $10,362,000. Krane Funds Advisors LLC lifted its stake in shares of JOYY by 12.0% in the fourth quarter. Krane Funds Advisors LLC now owns 1,500,081 shares of the information services provider’s stock worth $62,778,000 after acquiring an additional 160,545 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in JOYY during the 4th quarter valued at approximately $4,958,000. Finally, Norges Bank purchased a new position in shares of JOYY during the 4th quarter valued at approximately $3,859,000. 36.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on YY. Benchmark raised shares of JOYY from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. StockNews.com initiated coverage on shares of JOYY in a research note on Thursday. They set a “hold” rating on the stock.

JOYY Trading Down 0.3 %

Shares of NASDAQ:YY opened at $39.20 on Monday. JOYY Inc. has a 52 week low of $27.88 and a 52 week high of $55.31. The firm has a market capitalization of $2.11 billion, a P/E ratio of 11.84 and a beta of 0.21. The firm’s 50 day moving average is $44.62 and its two-hundred day moving average is $40.78.

JOYY Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be issued a $0.93 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This is a boost from JOYY’s previous quarterly dividend of $0.20. This represents a $3.72 annualized dividend and a dividend yield of 9.49%. JOYY’s dividend payout ratio (DPR) is -120.00%.

About JOYY

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.