Point72 Asset Management L.P. Acquires New Position in DouYu International Holdings Limited (NASDAQ:DOYU)

Point72 Asset Management L.P. acquired a new stake in shares of DouYu International Holdings Limited (NASDAQ:DOYU) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 162,700 shares of the company’s stock, valued at approximately $1,762,000. Point72 Asset Management L.P. owned approximately 0.51% of DouYu International as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in DouYu International during the second quarter valued at approximately $30,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in DouYu International in the third quarter valued at approximately $42,000. BNP Paribas Financial Markets lifted its stake in DouYu International by 61.4% in the third quarter. BNP Paribas Financial Markets now owns 12,616 shares of the company’s stock valued at $137,000 after acquiring an additional 4,800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in DouYu International by 88.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,402 shares of the company’s stock valued at $145,000 after acquiring an additional 6,302 shares during the last quarter. Finally, Athos Capital Ltd lifted its stake in DouYu International by 9.3% in the third quarter. Athos Capital Ltd now owns 19,925 shares of the company’s stock valued at $216,000 after acquiring an additional 1,700 shares during the last quarter. 17.86% of the stock is owned by hedge funds and other institutional investors.

DouYu International Trading Down 3.8 %

Shares of DouYu International stock opened at $11.82 on Wednesday. The firm has a fifty day simple moving average of $10.41 and a 200-day simple moving average of $12.39. DouYu International Holdings Limited has a 1-year low of $6.29 and a 1-year high of $20.17. The stock has a market capitalization of $373.94 million, a price-to-earnings ratio of -13.43 and a beta of 0.97.

DouYu International (NASDAQ:DOYU) last issued its quarterly earnings data on Thursday, September 12th. The company reported ($0.20) earnings per share for the quarter. DouYu International had a negative return on equity of 2.92% and a negative net margin of 4.39%. The firm had revenue of $142.01 million during the quarter.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DOYU. HSBC cut shares of DouYu International from a “hold” rating to a “reduce” rating in a research note on Tuesday, September 24th. Hsbc Global Res cut shares of DouYu International from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, September 24th.

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.