HUYA (NYSE:HUYA) Stock Price Up 8.5% - Still a Buy?

HUYA Inc. (NYSE:HUYA - Get Free Report)'s share price traded up 8.5% during trading on Monday . The stock traded as high as $3.69 and last traded at $3.69. 284,791 shares changed hands during trading, a decline of 81% from the average session volume of 1,526,444 shares. The stock had previously closed at $3.40.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Hsbc Global Res cut HUYA from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 11th. Citigroup upgraded HUYA from a "sell" rating to a "buy" rating and increased their target price for the company from $2.40 to $6.00 in a research note on Wednesday, August 14th. Finally, HSBC reissued a "hold" rating and set a $4.70 price target on shares of HUYA in a research report on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $6.38.

HUYA Price Performance

The company has a 50-day simple moving average of $4.29 and a two-hundred day simple moving average of $4.47. The stock has a market capitalization of $890.37 million, a price-to-earnings ratio of -42.44 and a beta of 0.60.

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, topping the consensus estimate of $0.06 by $0.35. HUYA had a positive return on equity of 0.53% and a negative net margin of 2.69%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the company earned $0.05 earnings per share. The firm's revenue for the quarter was down 16.1% on a year-over-year basis. Research analysts anticipate that HUYA Inc. will post 0.15 EPS for the current year.

HUYA Increases Dividend

The business also recently announced a -- dividend, which was paid on Friday, October 25th. Shareholders of record on Wednesday, October 9th were given a $1.06 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This is a positive change from HUYA's previous -- dividend of $0.64.

Institutional Investors Weigh In On HUYA

Several large investors have recently added to or reduced their stakes in the stock. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of HUYA by 160.5% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 293,100 shares of the company's stock valued at $1,158,000 after purchasing an additional 180,600 shares during the period. Mackenzie Financial Corp increased its holdings in shares of HUYA by 162.4% during the second quarter. Mackenzie Financial Corp now owns 171,584 shares of the company's stock valued at $678,000 after purchasing an additional 106,182 shares during the period. Caxton Associates LP increased its holdings in shares of HUYA by 407.5% during the second quarter. Caxton Associates LP now owns 411,811 shares of the company's stock valued at $1,627,000 after purchasing an additional 330,659 shares during the period. Millennium Management LLC acquired a new position in shares of HUYA during the second quarter valued at $5,197,000. Finally, Acadian Asset Management LLC increased its holdings in shares of HUYA by 45.0% during the first quarter. Acadian Asset Management LLC now owns 526,746 shares of the company's stock valued at $2,393,000 after purchasing an additional 163,406 shares during the period. 23.20% of the stock is 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.