Traders Buy Large Volume of Call Options on HUYA (NYSE:HUYA)

HUYA Inc. (NYSE:HUYA) was the target of some unusual options trading on Friday. Stock traders acquired 10,117 call options on the stock. This represents an increase of approximately 704% compared to the average volume of 1,259 call options.

HUYA Price Performance

HUYA stock traded down $0.10 during trading on Friday, reaching $4.41. 265,937 shares of the company were exchanged, compared to its average volume of 1,484,374. HUYA has a 52-week low of $2.15 and a 52-week high of $5.30. The company has a market capitalization of $1.05 billion, a P/E ratio of -41.05 and a beta of 0.59. The stock’s 50 day simple moving average is $4.13 and its two-hundred day simple moving average is $3.61.

HUYA (NYSE:HUYA) last announced its quarterly earnings data on Tuesday, March 19th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02). HUYA had a positive return on equity of 0.30% and a negative net margin of 2.80%. The company had revenue of $215.47 million for the quarter, compared to analysts’ expectations of $206.51 million. As a group, equities analysts forecast that HUYA will post 0.11 earnings per share for the current year.

HUYA Announces Dividend

The firm also recently announced a — dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be given a $0.64 dividend. The ex-dividend date of this dividend is Thursday, May 9th.

Institutional Investors Weigh In On HUYA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HUYA. BRIGHT VALLEY CAPITAL Ltd purchased a new stake in HUYA in the fourth quarter valued at $16,189,000. Point72 Hong Kong Ltd raised its holdings in shares of HUYA by 2,008.2% in the 4th quarter. Point72 Hong Kong Ltd now owns 4,551,795 shares of the company’s stock valued at $16,660,000 after buying an additional 4,335,884 shares during the period. UBS Group AG raised its holdings in shares of HUYA by 2,307.4% in the 1st quarter. UBS Group AG now owns 3,373,978 shares of the company’s stock valued at $15,082,000 after buying an additional 3,233,828 shares during the period. Renaissance Technologies LLC raised its holdings in shares of HUYA by 142.4% in the 1st quarter. Renaissance Technologies LLC now owns 2,127,865 shares of the company’s stock valued at $9,512,000 after buying an additional 1,250,065 shares during the period. Finally, Nuveen Asset Management LLC raised its holdings in shares of HUYA by 14.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 9,754,986 shares of the company’s stock valued at $34,923,000 after buying an additional 1,220,158 shares during the period. Hedge funds and other institutional investors own 23.20% of the company’s stock.

Analysts Set New Price Targets

Separately, Bank of America upgraded HUYA from a “neutral” rating to a “buy” rating and set a $5.80 price objective on the stock in a research report on Monday, March 25th.

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.