SG Americas Securities LLC Has $4.86 Million Holdings in JOYY Inc. Sponsored ADR $JOYY

SG Americas Securities LLC boosted its holdings in JOYY Inc. Sponsored ADR (NASDAQ:JOYY) by 1,336.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 75,015 shares of the company’s stock after acquiring an additional 69,794 shares during the quarter. SG Americas Securities LLC’s holdings in JOYY were worth $4,858,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in JOYY. SBI Securities Co. Ltd. bought a new stake in JOYY during the 3rd quarter worth approximately $27,000. Sittner & Nelson LLC bought a new position in shares of JOYY in the third quarter valued at approximately $29,000. Farther Finance Advisors LLC purchased a new position in shares of JOYY during the third quarter valued at approximately $35,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of JOYY during the third quarter valued at approximately $87,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in JOYY during the third quarter worth $142,000. Institutional investors and hedge funds own 36.83% of the company’s stock.

JOYY Trading Down 0.2%

Shares of JOYY stock opened at $58.30 on Thursday. The business’s fifty day simple moving average is $61.81 and its 200 day simple moving average is $62.08. JOYY Inc. Sponsored ADR has a 12 month low of $37.53 and a 12 month high of $70.96. The firm has a market capitalization of $2.99 billion, a P/E ratio of 1.49 and a beta of 0.42.

JOYY (NASDAQ:JOYY) last announced its quarterly earnings data on Saturday, February 14th. The company reported $1.34 earnings per share (EPS) for the quarter. JOYY had a return on equity of 3.93% and a net margin of 98.79%.The firm had revenue of $581.92 million during the quarter.

JOYY Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Wednesday, April 22nd will be given a dividend of $1.38 per share. The ex-dividend date is Wednesday, April 22nd. This represents a $5.52 annualized dividend and a yield of 9.5%. JOYY’s dividend payout ratio is presently 9.89%.

Analyst Ratings Changes

Several brokerages have weighed in on JOYY. Citigroup raised their price objective on JOYY from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Zacks Research lowered shares of JOYY from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 19th. Wall Street Zen downgraded shares of JOYY from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. UBS Group assumed 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. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of JOYY in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, JOYY currently has an average rating of “Hold” and an average price target of $74.67.

About JOYY

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.