Voloridge Investment Management LLC decreased its stake in shares of JOYY Inc. (NASDAQ:YY) by 31.3% during the 4th quarter, Holdings Channel reports. The firm owned 18,468 shares of the information services provider’s stock after selling 8,424 shares during the period. Voloridge Investment Management LLC’s holdings in JOYY were worth $1,477,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the business. Wolff Wiese Magana LLC bought a new position in shares of JOYY during the 4th quarter worth approximately $32,000. JJJ Advisors Inc. boosted its stake in shares of JOYY by 623.8% during the 4th quarter. JJJ Advisors Inc. now owns 456 shares of the information services provider’s stock worth $36,000 after acquiring an additional 393 shares during the period. Lindbrook Capital LLC bought a new position in shares of JOYY during the 4th quarter worth approximately $36,000. International Assets Investment Management LLC bought a new position in shares of JOYY during the 4th quarter worth approximately $51,000. Finally, Ayalon Holdings Ltd. bought a new position in shares of JOYY during the 4th quarter worth approximately $68,000. 53.90% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ YY opened at $101.49 on Thursday. The stock has a market capitalization of $8.22 billion, a PE ratio of 7.69, a P/E/G ratio of 18.05 and a beta of 1.19. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.67 and a quick ratio of 3.67. The business has a fifty day moving average price of $114.57 and a two-hundred day moving average price of $95.56. JOYY Inc. has a fifty-two week low of $50.71 and a fifty-two week high of $148.88.
JOYY (NASDAQ:YY) last announced its quarterly earnings data on Wednesday, March 24th. The information services provider reported ($1.86) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($2.95). JOYY had a net margin of 27.75% and a return on equity of 5.46%. The company had revenue of $579.85 million during the quarter, compared to analyst estimates of $1.01 billion. On average, equities analysts expect that JOYY Inc. will post 3.15 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 30th. Stockholders of record on Monday, April 19th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, April 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.01%. JOYY’s dividend payout ratio (DPR) is currently 52.19%.
Separately, Zacks Investment Research downgraded JOYY from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 1st. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $108.63.
JOYY Inc, through its subsidiaries, operates a social media platform in the People's Republic of China and internationally. The company operates live streaming platforms, including YY Live, an interactive and comprehensive live streaming social media platform offering music and dance shows, talk shows, outdoor activities, and sports and anime; Bigo Live, which enables users to live stream their specific moments and talk live with each other; and Huya, a game live streaming platform.
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