Signaturefd LLC Grows Stock Holdings in JOYY Inc. (NASDAQ:YY)

Signaturefd LLC lifted its stake in JOYY Inc. (NASDAQ:YY) by 14.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,304 shares of the information services provider’s stock after purchasing an additional 168 shares during the quarter. Signaturefd LLC’s holdings in JOYY were worth $122,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in YY. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in JOYY during the first quarter worth about $33,000. Wolff Wiese Magana LLC acquired a new stake in shares of JOYY during the 4th quarter worth approximately $32,000. Bedel Financial Consulting Inc. acquired a new stake in shares of JOYY during the 1st quarter worth approximately $37,000. Lindbrook Capital LLC purchased a new stake in shares of JOYY during the 4th quarter valued at approximately $36,000. Finally, JJJ Advisors Inc. lifted its holdings in JOYY by 623.8% in the fourth quarter. JJJ Advisors Inc. now owns 456 shares of the information services provider’s stock valued at $36,000 after acquiring an additional 393 shares during the last quarter. Hedge funds and other institutional investors own 53.90% of the company’s stock.

Separately, Zacks Investment Research downgraded JOYY from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 1st. One research analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $115.57.

NASDAQ:YY opened at $87.57 on Monday. JOYY Inc. has a 52 week low of $52.51 and a 52 week high of $148.88. The stock’s fifty day moving average is $95.74 and its two-hundred day moving average is $98.11. The stock has a market capitalization of $7.00 billion, a price-to-earnings ratio of 6.64, a price-to-earnings-growth ratio of 18.05 and a beta of 1.19. The company has a quick ratio of 3.67, a current ratio of 3.67 and a debt-to-equity ratio of 0.13.

JOYY (NASDAQ:YY) last posted its earnings results on Wednesday, March 24th. The information services provider reported ($1.86) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($2.95). The firm had revenue of $579.85 million for the quarter, compared to analyst estimates of $1.01 billion. JOYY had a return on equity of 5.46% and a net margin of 27.75%. On average, sell-side analysts expect that JOYY Inc. will post 3.15 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 30th. Stockholders of record on Monday, April 19th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Friday, April 16th. JOYY’s payout ratio is 52.19%.

JOYY Profile

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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Institutional Ownership by Quarter for JOYY (NASDAQ:YY)

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