Point72 Asset Management L.P. Makes New $1.76 Million Investment in DouYu International Holdings Limited (NASDAQ:DOYU)

Point72 Asset Management L.P. purchased a new stake in shares of DouYu International Holdings Limited (NASDAQ:DOYU - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 162,700 shares of the company's stock, valued at approximately $1,762,000. Point72 Asset Management L.P. owned about 0.51% of DouYu International as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. FMR LLC increased its position in DouYu International by 57.7% during the 3rd quarter. FMR LLC now owns 1,859,521 shares of the company's stock valued at $20,139,000 after buying an additional 680,659 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of DouYu International during the third quarter worth about $5,968,000. Polunin Capital Partners Ltd acquired a new position in shares of DouYu International during the second quarter valued at about $3,526,000. BRIGHT VALLEY CAPITAL Ltd raised its position in shares of DouYu International by 42.0% in the 2nd quarter. BRIGHT VALLEY CAPITAL Ltd now owns 371,184 shares of the company's stock valued at $4,079,000 after purchasing an additional 109,768 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in DouYu International by 46.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 160,276 shares of the company's stock worth $1,761,000 after purchasing an additional 50,531 shares in the last quarter. 17.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DOYU. Hsbc Global Res lowered DouYu International from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, September 24th. HSBC cut DouYu International from a "hold" rating to a "reduce" rating in a research note on Tuesday, September 24th.

DouYu International Trading Down 4.2 %

DOYU traded down $0.50 during midday trading on Wednesday, hitting $11.32. 47,752 shares of the company were exchanged, compared to its average volume of 189,820. The company's 50 day simple moving average is $10.42 and its 200 day simple moving average is $12.40. The firm has a market capitalization of $358.12 million, a price-to-earnings ratio of -13.43 and a beta of 0.97. DouYu International Holdings Limited has a 1-year low of $6.29 and a 1-year high of $20.17.

DouYu International (NASDAQ:DOYU - Get Free Report) last posted its earnings results on Thursday, September 12th. The company reported ($0.20) EPS for the quarter. DouYu International had a negative return on equity of 2.92% and a negative net margin of 4.39%. The company had revenue of $142.01 million for the quarter.

DouYu International Profile

DouYu International Holdings Limited, together with its subsidiaries, operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming services in the People's Republic of China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.