Russell Investments Group Ltd. Acquires Shares of 216,676 DouYu International Holdings Limited (NASDAQ:DOYU)

Russell Investments Group Ltd. bought a new stake in shares of DouYu International Holdings Limited (NASDAQ:DOYU - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 216,676 shares of the company's stock, valued at approximately $2,429,000. Russell Investments Group Ltd. owned 0.68% of DouYu International at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Advisors Preferred LLC acquired a new position in DouYu International in the fourth quarter valued at approximately $51,000. Headlands Technologies LLC lifted its stake in shares of DouYu International by 3,409.1% in the 4th quarter. Headlands Technologies LLC now owns 6,948 shares of the company's stock valued at $78,000 after purchasing an additional 6,750 shares during the period. XTX Topco Ltd bought a new position in shares of DouYu International in the 3rd quarter worth $147,000. Sei Investments Co. acquired a new stake in shares of DouYu International during the fourth quarter worth $195,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in DouYu International in the fourth quarter valued at about $206,000. Institutional investors own 17.86% of the company's stock.

Wall Street Analyst Weigh In

DOYU has been the subject of a number of recent analyst reports. HSBC raised DouYu International from a "reduce" rating to a "hold" rating in a research note on Monday, March 17th. Hsbc Global Res raised shares of DouYu International from a "moderate sell" rating to a "hold" rating in a research note on Monday, March 17th. Finally, Citigroup raised shares of DouYu International from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $5.90 to $10.50 in a research report on Tuesday, March 18th.

DouYu International Stock Up 2.4 %

Shares of DOYU traded up $0.16 on Wednesday, hitting $6.66. The company's stock had a trading volume of 52,530 shares, compared to its average volume of 231,437. The firm's fifty day moving average price is $8.08 and its 200-day moving average price is $10.54. DouYu International Holdings Limited has a fifty-two week low of $5.68 and a fifty-two week high of $20.17. The firm has a market capitalization of $210.60 million, a price-to-earnings ratio of -7.56 and a beta of 0.90.

DouYu International (NASDAQ:DOYU - Get Free Report) last issued its quarterly earnings data on Friday, March 14th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.18) by $1.87. The company had revenue of $155.65 million during the quarter, compared to the consensus estimate of $1.05 billion. DouYu International had a negative net margin of 4.39% and a negative return on equity of 2.92%.

About DouYu International

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.