HUYA Inc. (NYSE:HUYA) Position Boosted by Fmr LLC

FMR LLC raised its stake in shares of HUYA Inc. (NYSE:HUYA - Free Report) by 236.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,391,957 shares of the company's stock after buying an additional 1,681,800 shares during the quarter. FMR LLC owned about 1.03% of HUYA worth $12,199,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Seldon Capital LP acquired a new stake in shares of HUYA during the third quarter worth $51,000. Central Asset Investments & Management Holdings HK Ltd purchased a new position in shares of HUYA in the 3rd quarter worth $61,000. Smith Anglin Financial LLC purchased a new position in shares of HUYA in the 3rd quarter worth $73,000. Headlands Technologies LLC purchased a new position in shares of HUYA in the 2nd quarter worth $205,000. Finally, Commonwealth Equity Services LLC purchased a new position in HUYA in the second quarter valued at about $291,000. Institutional investors and hedge funds own 23.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Citigroup cut their price objective on HUYA from $5.90 to $5.00 and set a "buy" rating on the stock in a research report on Thursday, November 14th. Hsbc Global Res lowered HUYA from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 11th. HSBC reaffirmed a "hold" rating and set a $4.70 target price on shares of HUYA in a research report on Friday, October 11th. Finally, Bank of America downgraded HUYA from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $5.80 to $4.00 in a research note on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $5.68.

HUYA Price Performance

NYSE:HUYA remained flat at $3.16 during mid-day trading on Thursday. The company had a trading volume of 544,712 shares, compared to its average volume of 1,550,000. The stock has a market cap of $736.54 million, a P/E ratio of -35.22 and a beta of 0.60. HUYA Inc. has a fifty-two week low of $2.89 and a fifty-two week high of $6.84. The business has a fifty day simple moving average of $3.60 and a 200 day simple moving average of $4.10.

HUYA (NYSE:HUYA - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.30. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the firm posted $0.05 earnings per share. HUYA's quarterly revenue was down 7.6% compared to the same quarter last year. As a group, analysts predict that HUYA Inc. will post 0.16 EPS for the current fiscal year.

HUYA Company Profile

HUYA Inc, together with its subsidiaries, operates game live streaming platforms in the People's Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company's live streaming content also covers other entertainment content, such as talent shows, anime, outdoor activities, live chats, and other genres.