HUYA (NYSE:HUYA) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of HUYA (NYSE:HUYA) from a neutral rating to an overweight rating in a report published on Monday morning, Marketbeat.com reports. The firm currently has $9.00 price objective on the stock, up from their previous price objective of $3.00.

Other equities research analysts have also issued research reports about the company. Bank of America raised HUYA from a neutral rating to a buy rating and set a $5.80 target price on the stock in a research note on Monday, March 25th. Morgan Stanley raised HUYA from an underweight rating to an equal weight rating in a research note on Wednesday, May 15th.

HUYA Price Performance

HUYA opened at $5.63 on Monday. The stock has a market cap of $1.31 billion, a P/E ratio of -56.24 and a beta of 0.61. The stock’s 50 day simple moving average is $4.78 and its 200 day simple moving average is $3.93. HUYA has a 1-year low of $2.15 and a 1-year high of $6.84.

HUYA (NYSE:HUYA) last released its quarterly earnings results on Tuesday, March 19th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02). HUYA had a positive return on equity of 0.59% and a negative net margin of 2.67%. The firm had revenue of $215.47 million during the quarter, compared to analyst estimates of $206.51 million. Research analysts expect that HUYA will post 0.11 EPS for the current fiscal year.

HUYA Dividend Announcement

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC purchased a new position in shares of HUYA during the 3rd quarter worth $30,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of HUYA during the 3rd quarter worth $30,000. Tower Research Capital LLC TRC lifted its stake in shares of HUYA by 306.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,009 shares of the company’s stock worth $33,000 after purchasing an additional 6,791 shares during the period. QRG Capital Management Inc. purchased a new position in shares of HUYA during the 3rd quarter worth $39,000. Finally, Bayesian Capital Management LP lifted its stake in shares of HUYA by 22.0% during the 1st quarter. Bayesian Capital Management LP now owns 19,374 shares of the company’s stock worth $88,000 after purchasing an additional 3,500 shares during the period. Hedge funds and other institutional investors own 23.20% of the company’s stock.

About HUYA

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.