HUYA (NYSE:HUYA) Stock Price Up 4.3%

HUYA Inc. (NYSE:HUYA) shares shot up 4.3% during mid-day trading on Friday . The company traded as high as $7.31 and last traded at $7.29. 9,129 shares were traded during trading, a decline of 100% from the average session volume of 2,649,449 shares. The stock had previously closed at $6.99.

A number of brokerages have issued reports on HUYA. Bank of America began coverage on HUYA in a report on Monday, December 27th. They set a “neutral” rating on the stock. Morgan Stanley began coverage on HUYA in a report on Wednesday, October 13th. They set an “underweight” rating on the stock. China Renaissance Securities reduced their target price on HUYA from $11.90 to $10.90 and set a “buy” rating on the stock in a report on Wednesday, November 10th. Citigroup reduced their target price on HUYA from $13.20 to $11.80 and set a “buy” rating on the stock in a report on Wednesday, November 10th. Finally, Zacks Investment Research upgraded HUYA from a “sell” rating to a “hold” rating in a report on Tuesday, December 7th. Three analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $19.54.

The firm has a 50-day moving average of $7.70 and a 200 day moving average of $10.20. The company has a market cap of $1.67 billion, a P/E ratio of 9.72 and a beta of 0.72.

HUYA (NYSE:HUYA) last issued its quarterly earnings results on Tuesday, November 9th. The company reported $0.34 EPS for the quarter. HUYA had a return on equity of 11.24% and a net margin of 9.98%. The company had revenue of $461.80 million during the quarter, compared to the consensus estimate of $467.14 million. As a group, equities analysts anticipate that HUYA Inc. will post 0.01 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE boosted its position in shares of HUYA by 22.5% in the 2nd quarter. US Bancorp DE now owns 5,085 shares of the company’s stock worth $90,000 after purchasing an additional 935 shares in the last quarter. Ensign Peak Advisors Inc increased its stake in shares of HUYA by 25.6% in the 2nd quarter. Ensign Peak Advisors Inc now owns 4,900 shares of the company’s stock worth $86,000 after purchasing an additional 1,000 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of HUYA by 7.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 17,221 shares of the company’s stock worth $304,000 after purchasing an additional 1,198 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of HUYA by 10.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 13,815 shares of the company’s stock worth $115,000 after purchasing an additional 1,300 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of HUYA by 12.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 15,000 shares of the company’s stock worth $125,000 after purchasing an additional 1,700 shares in the last quarter. Hedge funds and other institutional investors own 27.77% of the company’s stock.

HUYA Company Profile (NYSE:HUYA)

HUYA, Inc is a holding company, which engages in the development of game live streaming platform. The company provides live streaming content for mobile, personal computer, and console games. It also offers content to other entertainment genres, such as talent shows, anime, and outdoor activities. The company was founded in 2014 and is headquartered in Guangzhou, China.

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