SG Americas Securities LLC Acquires 37,451 Shares of JOYY Inc. Sponsored ADR $JOYY

SG Americas Securities LLC increased its holdings in shares of JOYY Inc. Sponsored ADR (NASDAQ:JOYY) by 49.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 112,466 shares of the company’s stock after acquiring an additional 37,451 shares during the quarter. SG Americas Securities LLC owned about 0.22% of JOYY worth $6,567,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Stonehill Capital Management LLC acquired a new stake in shares of JOYY in the third quarter valued at approximately $80,885,000. Public Employees Retirement System of Ohio bought a new position in JOYY during the 3rd quarter worth $9,204,000. New York State Common Retirement Fund raised its holdings in JOYY by 8.8% in the 4th quarter. New York State Common Retirement Fund now owns 138,555 shares of the company’s stock valued at $8,973,000 after acquiring an additional 11,200 shares in the last quarter. Handelsbanken Fonder AB bought a new stake in shares of JOYY during the 3rd quarter valued at $451,000. Finally, Ameriprise Financial Inc. bought a new stake in shares of JOYY during the 3rd quarter valued at $442,000. Institutional investors own 36.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on JOYY shares. Zacks Research raised shares of JOYY from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. UBS Group began coverage on shares of JOYY in a research report on Wednesday, March 11th. They set a “buy” rating and a $80.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $74.67.

JOYY Stock Down 0.1%

NASDAQ:JOYY opened at $66.62 on Monday. JOYY Inc. Sponsored ADR has a twelve month low of $48.53 and a twelve month high of $70.96. The stock’s 50-day simple moving average is $62.49 and its 200 day simple moving average is $62.90. The firm has a market capitalization of $3.33 billion, a PE ratio of 15.46 and a beta of 0.45.

JOYY (NASDAQ:JOYY) last issued its earnings results on Saturday, February 14th. The company reported $1.34 EPS for the quarter. The firm had revenue of $581.92 million during the quarter. JOYY had a return on equity of 3.67% and a net margin of 10.42%. On average, analysts anticipate that JOYY Inc. Sponsored ADR will post 4.65 EPS for the current fiscal year.

JOYY Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Monday, June 29th will be issued a dividend of $1.50 per share. This is a boost from JOYY’s previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, June 29th. This represents a $6.00 annualized dividend and a dividend yield of 9.0%. JOYY’s payout ratio is presently 127.61%.

JOYY Profile

JOYY Inc (NASDAQ: JOYY) is a China-based technology company that develops and operates social media and live-streaming platforms. The company’s core business centers on real-time interactive video services and short-form social content, enabling users to create, share and monetize live and recorded audio-visual content. JOYY’s platforms are designed to connect creators and viewers through features such as live chat, virtual gifting and subscription-based interactions.

Products and services provided by JOYY include consumer-facing mobile and web applications that support live entertainment, social networking and short-form video consumption.