HUYA (NYSE:HUYA) Trading Up 4.7%

Shares of HUYA Inc. (NYSE:HUYA) were up 4.7% during mid-day trading on Friday . The company traded as high as $4.04 and last traded at $4.02. Approximately 532,033 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 1,502,090 shares. The stock had previously closed at $3.84.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HUYA shares. JPMorgan Chase & Co. upgraded shares of HUYA from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $3.00 to $9.00 in a research report on Monday, May 20th. Bank of America upgraded shares of HUYA from a “neutral” rating to a “buy” rating and set a $5.80 target price for the company in a research report on Monday, March 25th. Finally, Morgan Stanley upgraded shares of HUYA from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, May 15th.

HUYA Stock Performance

The business’s fifty day moving average price is $4.73 and its two-hundred day moving average price is $4.10.

HUYA (NYSE:HUYA) last released its quarterly earnings results on Monday, May 13th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $208.31 million for the quarter. HUYA had a negative net margin of 2.67% and a positive return on equity of 0.59%. On average, sell-side analysts forecast that HUYA Inc. will post 0.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HUYA. Point72 Hong Kong Ltd raised its holdings in HUYA by 2,008.2% in the 4th quarter. Point72 Hong Kong Ltd now owns 4,551,795 shares of the company’s stock worth $16,660,000 after acquiring an additional 4,335,884 shares during the period. Lansdowne Partners UK LLP bought a new position in HUYA in the 3rd quarter worth $1,560,000. SG Americas Securities LLC grew its position in HUYA by 109.4% in the 4th quarter. SG Americas Securities LLC now owns 92,812 shares of the company’s stock worth $340,000 after purchasing an additional 48,488 shares during the last quarter. BNP Paribas Financial Markets grew its position in HUYA by 21.1% in the 4th quarter. BNP Paribas Financial Markets now owns 99,826 shares of the company’s stock worth $365,000 after purchasing an additional 17,426 shares during the last quarter. Finally, Caxton Associates LP grew its position in HUYA by 797.0% in the 3rd quarter. Caxton Associates LP now owns 190,862 shares of the company’s stock worth $542,000 after purchasing an additional 169,583 shares during the last quarter. Institutional investors own 23.20% of the company’s stock.

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.