HUYA Inc. (NYSE:HUYA) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its stake in HUYA Inc. (NYSE:HUYA - Free Report) by 89.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,648 shares of the company's stock after selling 626,369 shares during the period. Jane Street Group LLC's holdings in HUYA were worth $376,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HUYA. Commonwealth Equity Services LLC purchased a new position in HUYA in the second quarter worth approximately $291,000. National Bank of Canada FI lifted its position in shares of HUYA by 985,316.7% during the 2nd quarter. National Bank of Canada FI now owns 236,500 shares of the company's stock worth $974,000 after purchasing an additional 236,476 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of HUYA during the second quarter worth $360,000. Headlands Technologies LLC purchased a new position in HUYA in the second quarter valued at $205,000. Finally, AdvisorShares Investments LLC acquired a new stake in HUYA in the second quarter valued at $346,000. 23.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

HUYA Stock Performance

NYSE HUYA remained flat at $3.01 on Thursday. The company's stock had a trading volume of 1,035,005 shares, compared to its average volume of 1,000,581. The firm has a market capitalization of $681.38 million, a PE ratio of -33.44 and a beta of 0.62. HUYA Inc. has a one year low of $2.89 and a one year high of $6.84. The company's 50-day moving average is $3.13 and its 200-day moving average is $3.88.

HUYA (NYSE:HUYA - Get Free Report) last announced 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 negative net margin of 2.51% and a positive return on equity of 0.30%. The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. During the same period in the previous year, the company posted $0.05 EPS. The company's quarterly revenue was down 7.6% on a year-over-year basis. On average, equities research analysts anticipate that HUYA Inc. will post 0.16 EPS for the current year.

About HUYA

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.