Northern Trust Corp Increases Stake in JOYY Inc. (NASDAQ:YY)

Northern Trust Corp grew its position in shares of JOYY Inc. (NASDAQ:YY) by 66.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 94,126 shares of the information services provider’s stock after buying an additional 37,435 shares during the quarter. Northern Trust Corp owned 0.17% of JOYY worth $3,939,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Aquatic Capital Management LLC increased its holdings in shares of JOYY by 533.7% in the 4th quarter. Aquatic Capital Management LLC now owns 29,783 shares of the information services provider’s stock valued at $1,246,000 after purchasing an additional 25,083 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of JOYY in the 4th quarter valued at about $2,988,000. SIH Partners LLLP increased its holdings in shares of JOYY by 27.2% in the 4th quarter. SIH Partners LLLP now owns 11,700 shares of the information services provider’s stock valued at $490,000 after purchasing an additional 2,500 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of JOYY by 54.8% in the 4th 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, Marshall Wace LLP increased its holdings in shares of JOYY by 92.4% in the 4th quarter. Marshall Wace LLP now owns 35,367 shares of the information services provider’s stock valued at $1,480,000 after purchasing an additional 16,987 shares in the last quarter. Hedge funds and other institutional investors own 36.83% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Wall Street Zen assumed coverage on shares of JOYY in a report on Monday. They set a “hold” rating for the company. Benchmark upgraded shares of JOYY from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th.

JOYY Trading Down 0.6%

NASDAQ:YY opened at $43.15 on Friday. The firm has a 50-day moving average price of $41.47 and a two-hundred day moving average price of $41.92. JOYY Inc. has a twelve month low of $27.88 and a twelve month high of $55.31. The company has a market capitalization of $2.32 billion, a P/E ratio of 13.04 and a beta of 0.21.

JOYY Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were paid a dividend of $0.93 per share. 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 8.62%. The ex-dividend date of this dividend was Thursday, April 17th. JOYY’s dividend payout ratio (DPR) is currently -120.00%.

JOYY Company 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.