HUYA Target of Unusually Large Options Trading (NYSE:HUYA)

HUYA Inc. (NYSE:HUYA) saw unusually large options trading activity on Monday. Stock investors bought 4,130 call options on the company. This represents an increase of approximately 733% compared to the typical daily volume of 496 call options.

Institutional Investors Weigh In On HUYA

A number of hedge funds have recently made changes to their positions in HUYA. Two Sigma Securities LLC bought a new position in HUYA in the fourth quarter worth approximately $43,000. Seldon Capital LP purchased a new position in HUYA in the 3rd quarter worth $51,000. Smith Anglin Financial LLC raised its stake in HUYA by 27.9% in the 4th quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company’s stock worth $56,000 after acquiring an additional 4,002 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of HUYA during the 3rd quarter valued at about $90,000. Finally, Sei Investments Co. acquired a new position in HUYA in the 4th quarter worth about $94,000. 23.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Daiwa Capital Markets cut HUYA from an “outperform” rating to a “neutral” rating in a report on Tuesday. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.68.

HUYA Stock Down 18.4 %

NYSE HUYA opened at $3.71 on Wednesday. The firm has a market cap of $838.71 million, a price-to-earnings ratio of -41.17 and a beta of 0.72. The business has a 50-day moving average price of $3.70 and a 200-day moving average price of $3.68. HUYA has a twelve month low of $2.82 and a twelve month high of $6.84.

About HUYA

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.