HUYA (NYSE:HUYA) Upgraded at Hsbc Global Res

Hsbc Global Res upgraded shares of HUYA (NYSE:HUYA) from a hold rating to a strong-buy rating in a research note released on Wednesday,Zacks.com reports.

HUYA has been the subject of a number of other reports. HSBC raised shares of HUYA from a “hold” rating to a “buy” rating and set a $3.50 target price for the company in a report on Wednesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of HUYA in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded HUYA to a “hold” rating in a research report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, HUYA currently has a consensus rating of “Hold” and an average price target of $4.25.

HUYA Trading Down 0.6%

NYSE HUYA opened at $2.71 on Wednesday. The stock has a market capitalization of $601.46 million, a price-to-earnings ratio of -30.05 and a beta of 0.67. The business’s 50 day moving average is $3.19 and its two-hundred day moving average is $3.38. HUYA has a 12-month low of $2.21 and a 12-month high of $4.59.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HUYA. Formidable Asset Management LLC grew its holdings in shares of HUYA by 8.8% during the first quarter. Formidable Asset Management LLC now owns 117,500 shares of the company’s stock worth $377,000 after buying an additional 9,500 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in HUYA during the first quarter worth approximately $110,000. ANTIPODES PARTNERS Ltd acquired a new stake in HUYA during the first quarter worth approximately $563,000. XTX Topco Ltd purchased a new stake in HUYA in the 1st quarter worth approximately $263,000. Finally, Headlands Technologies LLC raised its holdings in HUYA by 16,738.4% in the 1st quarter. Headlands Technologies LLC now owns 140,937 shares of the company’s stock valued at $452,000 after acquiring an additional 140,100 shares during the last quarter. 23.20% of the stock is currently owned by hedge funds and other institutional investors.

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.