Public Employees Retirement System of Ohio Has $8.20 Million Stock Position in JOYY Inc. Sponsored ADR $JOYY

Public Employees Retirement System of Ohio lowered its stake in shares of JOYY Inc. Sponsored ADR (NASDAQ:JOYY) by 7.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,411 shares of the company’s stock after selling 12,010 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in JOYY were worth $8,199,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. DGS Capital Management LLC boosted its holdings in JOYY by 5.9% in the 1st quarter. DGS Capital Management LLC now owns 3,792 shares of the company’s stock valued at $221,000 after purchasing an additional 211 shares during the period. Sittner & Nelson LLC acquired a new stake in JOYY in the 3rd quarter worth $29,000. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of JOYY during the 1st quarter worth about $281,000. Atlas Capital Advisors Inc. bought a new position in shares of JOYY during the 4th quarter worth about $392,000. Finally, Ameriprise Financial Inc. acquired a new position in shares of JOYY during the third quarter valued at about $442,000. 36.83% of the stock is currently owned by institutional investors and hedge funds.

JOYY Stock Performance

Shares of JOYY stock opened at $74.80 on Tuesday. The firm has a fifty day moving average of $67.09 and a 200-day moving average of $63.70. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 17.36 and a beta of 0.46. JOYY Inc. Sponsored ADR has a 52-week low of $48.53 and a 52-week high of $75.55.

JOYY Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Monday, June 29th were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Monday, June 29th. This is a positive change from JOYY’s previous quarterly dividend of $1.38. This represents a $6.00 dividend on an annualized basis and a yield of 8.0%. JOYY’s dividend payout ratio (DPR) is presently 138.75%.

Wall Street Analysts Forecast Growth

JOYY has been the subject of several research reports. Zacks Research upgraded shares of JOYY from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Citigroup reaffirmed a “buy” rating on shares of JOYY in a report on Wednesday, July 22nd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $74.67.

JOYY Company 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.