Point72 Hong Kong Ltd Buys Shares of 551,083 DouYu International Holdings Limited (NASDAQ:DOYU)

Point72 Hong Kong Ltd purchased a new position in shares of DouYu International Holdings Limited (NASDAQ:DOYU - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 551,083 shares of the company's stock, valued at approximately $5,968,000. Point72 Hong Kong Ltd owned about 1.74% of DouYu International at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of DOYU. FMR LLC increased its holdings in DouYu International by 57.7% in the third quarter. FMR LLC now owns 1,859,521 shares of the company's stock valued at $20,139,000 after purchasing an additional 680,659 shares during the last quarter. BRIGHT VALLEY CAPITAL Ltd boosted its holdings in shares of DouYu International by 42.0% in the second quarter. BRIGHT VALLEY CAPITAL Ltd now owns 371,184 shares of the company's stock valued at $4,079,000 after buying an additional 109,768 shares during the period. Polunin Capital Partners Ltd acquired a new position in DouYu International in the 2nd quarter worth $3,526,000. Dimensional Fund Advisors LP increased its holdings in DouYu International by 46.0% during 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. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of DouYu International by 88.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,402 shares of the company's stock valued at $145,000 after purchasing an additional 6,302 shares during the period. 17.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

DouYu International Stock Performance

Shares of DOYU stock traded up $1.44 during midday trading on Friday, hitting $11.44. 321,749 shares of the company were exchanged, compared to its average volume of 104,404. The firm's 50 day moving average price is $10.10 and its two-hundred day moving average price is $12.28. The firm has a market capitalization of $361.96 million, a P/E ratio of -13.00 and a beta of 0.95. DouYu International Holdings Limited has a 52 week low of $6.29 and a 52 week high of $20.17.

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

DouYu International Company 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.