JOYY Inc. (NASDAQ:YY) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in shares of JOYY Inc. (NASDAQ:YY) by 33.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 132,757 shares of the information services provider’s stock after buying an additional 33,009 shares during the period. Charles Schwab Investment Management Inc.’s holdings in JOYY were worth $5,556,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P bought a new stake in JOYY in the third quarter valued at $25,000. SBI Securities Co. Ltd. acquired a new position in JOYY during the 4th quarter valued at about $25,000. Global Retirement Partners LLC grew its position in JOYY by 71.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,072 shares of the information services provider’s stock worth $45,000 after purchasing an additional 447 shares during the last quarter. Rhumbline Advisers increased its stake in shares of JOYY by 63.0% in the fourth quarter. Rhumbline Advisers now owns 1,319 shares of the information services provider’s stock valued at $55,000 after purchasing an additional 510 shares during the period. Finally, Aprio Wealth Management LLC acquired a new stake in shares of JOYY in the fourth quarter valued at approximately $202,000. 36.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on YY. Benchmark raised JOYY from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. StockNews.com lowered JOYY from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th.

JOYY Stock Down 1.1 %

NASDAQ:YY opened at $42.03 on Wednesday. The business’s 50-day moving average price is $46.14 and its 200 day moving average price is $40.19. JOYY Inc. has a 52-week low of $27.88 and a 52-week high of $55.31. The firm has a market cap of $2.26 billion, a P/E ratio of 12.70 and a beta of 0.21.

JOYY Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be paid a dividend of $0.93 per share. The ex-dividend date of this dividend is Thursday, April 17th. This is a positive change from JOYY’s previous quarterly dividend of $0.20. This represents a $3.72 annualized dividend and a yield of 8.85%. JOYY’s dividend payout ratio is currently -120.00%.

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.