JOYY Inc. Sponsored ADR (JOYY) – What Are Researchers Thinking About This Stock?

Shares of JOYY Inc. Sponsored ADR (NASDAQ:JOYY) have received an average rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $83.40.

A number of research analysts recently commented on the company. Benchmark reissued a “buy” rating on shares of JOYY in a report on Wednesday, August 26th. JPMorgan Chase & Co. raised shares of JOYY from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $35.00 to $98.00 in a research note on Wednesday, August 12th. Weiss Ratings raised shares of JOYY from a “hold (c-)” rating to a “buy (b)” rating in a research report on Friday, August 28th. Morgan Stanley set a $74.00 target price on JOYY in a research report on Wednesday, August 26th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $87.00 price objective on shares of JOYY in a research report on Wednesday, August 26th.

JOYY Stock Performance

Shares of JOYY stock opened at $80.32 on Monday. JOYY has a twelve month low of $54.24 and a twelve month high of $85.15. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 19.17 and a beta of 0.44. The firm has a 50-day moving average price of $78.95 and a 200 day moving average price of $68.38.

JOYY Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Wednesday, September 30th were issued a dividend of $1.55 per share. This is a boost from JOYY’s previous quarterly dividend of $1.50. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $6.20 annualized dividend and a dividend yield of 7.7%. JOYY’s payout ratio is presently 147.49%.

Hedge Funds Weigh In On JOYY

A number of institutional investors and hedge funds have recently modified their holdings of the business. DGS Capital Management LLC increased its position 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 buying an additional 211 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in JOYY by 167.7% in the first quarter. EverSource Wealth Advisors LLC now owns 613 shares of the company’s stock valued at $36,000 after acquiring an additional 384 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of JOYY in the third quarter valued at $31,000. Ramsey Quantitative Systems acquired a new position in shares of JOYY during the third quarter valued at about $45,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of JOYY during the second quarter valued at about $65,000. 36.83% of the stock is currently owned by institutional investors.

JOYY Company Profile

JOYY Inc (NASDAQ: JOYY) is a global technology company that operates video-based social media and live-streaming platforms. The company’s services enable users to share live video, create and view short-form content, communicate through messaging and voice services, and participate in online communities.

JOYY’s principal products include BIGO LIVE, a live-streaming platform; Likee, a short-form video and creation platform; and imo, an instant messaging and voice and video communication service.