HUYA (NYSE:HUYA) Shares Up 3.3%

Shares of HUYA Inc. (NYSE:HUYA) shot up 3.3% during mid-day trading on Tuesday . The company traded as high as $4.75 and last traded at $4.68. 436,434 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 1,501,966 shares. The stock had previously closed at $4.53.

Analysts Set New Price Targets

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

HUYA Stock Down 5.8 %

The firm’s 50-day simple moving average is $4.72 and its 200 day simple moving average is $4.16. The stock has a market capitalization of $1.03 billion, a P/E ratio of -44.10 and a beta of 0.56.

HUYA (NYSE:HUYA) last issued its quarterly earnings results on Monday, May 13th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. HUYA had a negative net margin of 2.67% and a positive return on equity of 0.59%. The firm had revenue of $208.31 million for the quarter. As a group, equities analysts anticipate that HUYA Inc. will post 0.19 EPS for the current fiscal year.

Hedge Funds Weigh In On HUYA

A number of institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew its stake in HUYA by 306.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,009 shares of the company’s stock valued at $33,000 after acquiring an additional 6,791 shares in the last quarter. Bayesian Capital Management LP grew its stake in HUYA by 22.0% during the 1st quarter. Bayesian Capital Management LP now owns 19,374 shares of the company’s stock valued at $88,000 after acquiring an additional 3,500 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in HUYA during the 1st quarter valued at about $222,000. SG Americas Securities LLC grew its stake in HUYA by 109.4% during the 4th quarter. SG Americas Securities LLC now owns 92,812 shares of the company’s stock valued at $340,000 after acquiring an additional 48,488 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in HUYA by 21.1% during the 4th quarter. BNP Paribas Financial Markets now owns 99,826 shares of the company’s stock valued at $365,000 after acquiring an additional 17,426 shares in the last quarter. Hedge funds and other 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.