Traders Purchase High Volume of HUYA Call Options (NYSE:HUYA)

HUYA Inc. (NYSE:HUYA) saw unusually large options trading on Friday. Investors purchased 10,117 call options on the stock. This is an increase of approximately 704% compared to the average volume of 1,259 call options.

Analyst Ratings Changes

Separately, Bank of America raised HUYA from a “neutral” rating to a “buy” rating and set a $5.80 target price on the stock in a research report on Monday, March 25th.

HUYA Trading Down 2.4 %

Shares of HUYA opened at $4.40 on Friday. The firm has a market cap of $1.05 billion, a PE ratio of -40.00 and a beta of 0.59. The stock has a fifty day moving average price of $4.16 and a 200-day moving average price of $3.62. HUYA has a 12 month low of $2.15 and a 12 month high of $5.30.

HUYA (NYSE:HUYA) last issued its earnings results on Tuesday, March 19th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02). The firm had revenue of $215.47 million during the quarter, compared to analysts’ expectations of $206.51 million. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.80%. As a group, research analysts forecast that HUYA will post 0.11 EPS for the current year.

HUYA Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.64 per share. The ex-dividend date is Thursday, May 9th.

Hedge Funds Weigh In On HUYA

A number of institutional investors have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV acquired a new stake in shares of HUYA during the 3rd quarter valued at about $29,000. Sequoia Financial Advisors LLC acquired a new stake in shares of HUYA during the 3rd quarter valued at about $30,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of HUYA during the 3rd quarter valued at about $30,000. Tower Research Capital LLC TRC grew its position in shares of 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 during the period. Finally, QRG Capital Management Inc. acquired a new stake in shares of HUYA during the 3rd quarter valued at about $39,000. 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.