HUYA (NYSE:HUYA) Shares Gap Up - Still a Buy?

HUYA Inc. (NYSE:HUYA - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $3.21, but opened at $3.31. HUYA shares last traded at $3.23, with a volume of 651,014 shares trading hands.

Analysts Set New Price Targets

HUYA has been the subject of several recent analyst reports. Daiwa Capital Markets lowered shares of HUYA from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 18th. Daiwa America cut HUYA from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 18th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $5.68.

HUYA Trading Down 0.6 %

The stock has a market cap of $756.08 million, a price-to-earnings ratio of -37.11 and a beta of 0.72. The firm has a fifty day simple moving average of $3.73 and a 200-day simple moving average of $3.66.

HUYA (NYSE:HUYA - Get Free Report) last issued its quarterly earnings results on Tuesday, March 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.53 billion. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The company's revenue was down 2.2% compared to the same quarter last year. During the same period last year, the company earned $0.48 EPS. On average, equities analysts predict that HUYA Inc. will post 0.16 earnings per share for the current fiscal year.

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HUYA Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be given a dividend of $1.47 per share. This represents a dividend yield of 42.55%. The ex-dividend date is Tuesday, June 17th. HUYA's dividend payout ratio is -4,766.67%.

Hedge Funds Weigh In On HUYA

Large investors have recently bought and sold shares of the business. Vontobel Holding Ltd. bought a new stake in shares of HUYA during the 4th quarter valued at $140,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of HUYA during the fourth quarter worth $371,000. FMR LLC increased its holdings in HUYA by 236.8% in the third quarter. FMR LLC now owns 2,391,957 shares of the company's stock valued at $12,199,000 after purchasing an additional 1,681,800 shares during the last quarter. WCM Investment Management LLC lifted its stake in HUYA by 4,396.5% in the fourth quarter. WCM Investment Management LLC now owns 2,854,171 shares of the company's stock valued at $8,505,000 after buying an additional 2,790,696 shares during the period. Finally, XTX Topco Ltd bought a new position in HUYA during the third quarter worth about $90,000. 23.20% of the stock is currently owned by institutional investors and hedge funds.

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.