HUYA Inc – (NYSE:HUYA) shares were up 5.1% during trading on Wednesday . The stock traded as high as $21.69 and last traded at $21.51. Approximately 3,299,021 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 3,736,813 shares. The stock had previously closed at $20.47.
Several research analysts recently commented on HUYA shares. Jefferies Financial Group started coverage on HUYA in a research report on Tuesday. They issued a “buy” rating and a $28.00 target price for the company. Credit Suisse Group set a $29.00 target price on HUYA and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Tigress Financial started coverage on HUYA in a research report on Friday, April 26th. They issued a “buy” rating for the company. Finally, UBS Group raised HUYA from a “neutral” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $30.86.
The firm has a market cap of $4.34 billion and a PE ratio of 216.50.
HUYA (NYSE:HUYA) last issued its quarterly earnings data on Monday, March 4th. The company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $218.88 million during the quarter. HUYA had a positive return on equity of 19.51% and a negative net margin of 42.15%. On average, equities research analysts anticipate that HUYA Inc – will post 0.3 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of HUYA. FMR LLC lifted its holdings in shares of HUYA by 458.0% during the fourth quarter. FMR LLC now owns 3,259,784 shares of the company’s stock valued at $50,461,000 after acquiring an additional 2,675,580 shares during the period. Sylebra HK Co Ltd lifted its holdings in shares of HUYA by 83.2% during the first quarter. Sylebra HK Co Ltd now owns 2,836,867 shares of the company’s stock valued at $79,801,000 after acquiring an additional 1,288,518 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd bought a new position in shares of HUYA during the first quarter valued at $31,815,000. Platinum Investment Management Ltd. bought a new position in shares of HUYA during the first quarter valued at $20,352,000. Finally, AO Asset Management LP bought a new position in shares of HUYA during the first quarter valued at $10,445,000. 12.47% of the stock is owned by institutional investors.
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HUYA Company Profile (NYSE:HUYA)
HUYA Inc, through 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 also provides advertising and online game-related services. As of December 31, 2017, its live streaming content covered approximately 2,600 games, including mobile, PC, and console games.
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