HUYA (NYSE:HUYA) Downgraded to "Hold" at Hsbc Global Res

HUYA (NYSE:HUYA - Get Free Report) was downgraded by research analysts at Hsbc Global Res from a "strong-buy" rating to a "hold" rating in a report issued on Friday, Zacks.com reports.

HUYA has been the topic of several other reports. HSBC reaffirmed a "hold" rating and issued a $4.70 target price on shares of HUYA in a research note on Friday. Citigroup upgraded shares of HUYA from a "sell" rating to a "buy" rating and boosted their price objective for the company from $2.40 to $6.00 in a research report on Wednesday, August 14th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $6.38.

HUYA Stock Performance

NYSE:HUYA traded down $0.32 during trading hours on Friday, reaching $3.81. The company's stock had a trading volume of 2,096,699 shares, compared to its average volume of 1,519,288. The firm has a market capitalization of $888.05 million, a price-to-earnings ratio of -38.10 and a beta of 0.60. The firm has a 50-day simple moving average of $4.46 and a 200-day simple moving average of $4.55. HUYA has a 1 year low of $2.82 and a 1 year high of $6.84.

HUYA (NYSE:HUYA - Get Free Report) last issued its earnings results on Tuesday, August 13th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.35. The company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.55 billion. HUYA had a positive return on equity of 0.53% and a negative net margin of 2.69%. HUYA's quarterly revenue was down 16.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.05 EPS. Equities analysts anticipate that HUYA will post 0.17 earnings per share for the current fiscal year.

Institutional Trading of HUYA

Several large investors have recently bought and sold shares of HUYA. Wellington Management Group LLP lifted its position in HUYA by 18.7% during the fourth quarter. Wellington Management Group LLP now owns 392,380 shares of the company's stock valued at $1,436,000 after buying an additional 61,888 shares during the period. BNP Paribas Financial Markets lifted its position in HUYA by 8.7% during the 1st quarter. BNP Paribas Financial Markets now owns 108,506 shares of the company's stock valued at $494,000 after acquiring an additional 8,680 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in HUYA during the first quarter worth about $222,000. Acadian Asset Management LLC grew its holdings in HUYA by 45.0% in the first quarter. Acadian Asset Management LLC now owns 526,746 shares of the company's stock worth $2,393,000 after purchasing an additional 163,406 shares during the period. Finally, Maple Rock Capital Partners Inc. increased its stake in shares of HUYA by 125.2% during the first quarter. Maple Rock Capital Partners Inc. now owns 5,145,125 shares of the company's stock valued at $23,410,000 after purchasing an additional 2,860,000 shares in the last quarter. 23.20% of the stock is owned by institutional investors.

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.