Fmr LLC Increases Stake in DouYu International Holdings Limited (NASDAQ:DOYU)

FMR LLC increased its holdings in DouYu International Holdings Limited (NASDAQ:DOYU - Free Report) by 57.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,859,521 shares of the company's stock after purchasing an additional 680,659 shares during the period. FMR LLC owned approximately 5.88% of DouYu International worth $20,139,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in DOYU. Polunin Capital Partners Ltd bought a new position in shares of DouYu International in the second quarter worth approximately $3,526,000. Headlands Technologies LLC purchased a new position in shares of DouYu International in the second quarter worth approximately $30,000. Dimensional Fund Advisors LP increased its stake in shares of DouYu International by 46.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 160,276 shares of the company's stock worth $1,761,000 after purchasing an additional 50,531 shares in the last quarter. Finally, BRIGHT VALLEY CAPITAL Ltd grew its stake in shares of DouYu International by 42.0% during the 2nd quarter. BRIGHT VALLEY CAPITAL Ltd now owns 371,184 shares of the company's stock valued at $4,079,000 after acquiring an additional 109,768 shares during the period. Hedge funds and other institutional investors own 17.86% of the company's stock.

DouYu International Stock Performance

Shares of DOYU traded down $0.50 during trading hours on Wednesday, hitting $11.32. The stock had a trading volume of 47,752 shares, compared to its average volume of 189,814. The firm has a 50-day moving average price of $10.42 and a 200 day moving average price of $12.40. The firm has a market capitalization of $358.12 million, a price-to-earnings ratio of -13.43 and a beta of 0.97. DouYu International Holdings Limited has a fifty-two week low of $6.29 and a fifty-two week high of $20.17.

DouYu International (NASDAQ:DOYU - Get Free Report) last issued its earnings results on Thursday, September 12th. The company reported ($0.20) EPS for the quarter. DouYu International had a negative net margin of 4.39% and a negative return on equity of 2.92%. The business had revenue of $142.01 million during the quarter.

Analyst Ratings Changes

Several brokerages have weighed in on DOYU. HSBC cut DouYu International from a "hold" rating to a "reduce" rating in a research note on Tuesday, September 24th. Hsbc Global Res lowered shares of DouYu International from a "hold" rating to a "moderate sell" rating in a report on Tuesday, September 24th.

DouYu International Company Profile

DouYu International Holdings Limited, together with its subsidiaries, operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming services in the People's Republic of China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.