HUYA (NYSE:HUYA) Shares Gap Up to $3.85

HUYA Inc. (NYSE:HUYAGet Rating) shares gapped up prior to trading on Friday . The stock had previously closed at $3.85, but opened at $4.05. HUYA shares last traded at $4.06, with a volume of 17,265 shares trading hands.

A number of research analysts have commented on the company. Daiwa Capital Markets reduced their target price on HUYA from $5.70 to $4.60 and set an “outperform” rating on the stock in a report on Wednesday, May 18th. HSBC downgraded HUYA from a “buy” rating to a “hold” rating in a report on Tuesday, May 17th. Citigroup dropped their price target on HUYA from $6.80 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, May 18th. Finally, JPMorgan Chase & Co. cut HUYA from a “neutral” rating to an “underweight” rating and set a $3.00 price target on the stock. in a research report on Monday, March 14th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $7.96.

The company has a market capitalization of $952.28 million, a price-to-earnings ratio of 15.40 and a beta of 0.72. The firm has a 50-day moving average price of $4.08 and a 200-day moving average price of $5.39.

HUYA (NYSE:HUYAGet Rating) last released its quarterly earnings data on Tuesday, May 17th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.21. The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.43 billion. HUYA had a return on equity of 3.61% and a net margin of 3.46%. The company’s revenue was down 5.4% compared to the same quarter last year. During the same period last year, the company posted $0.12 EPS. Analysts forecast that HUYA Inc. will post -0.37 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of HUYA. Amundi Pioneer Asset Management Inc. boosted its position in shares of HUYA by 28.6% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 95,897 shares of the company’s stock worth $2,698,000 after buying an additional 21,299 shares during the period. Morgan Stanley boosted its position in HUYA by 1.0% during the second quarter. Morgan Stanley now owns 27,410,011 shares of the company’s stock valued at $483,787,000 after purchasing an additional 265,016 shares during the last quarter. Wells Fargo & Company MN boosted its position in HUYA by 849.1% during the second quarter. Wells Fargo & Company MN now owns 17,426 shares of the company’s stock valued at $308,000 after purchasing an additional 15,590 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in HUYA by 310.7% during the third quarter. Goldman Sachs Group Inc. now owns 689,329 shares of the company’s stock valued at $5,749,000 after purchasing an additional 521,504 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in HUYA by 22.2% during the third quarter. Geode Capital Management LLC now owns 304,764 shares of the company’s stock valued at $2,520,000 after buying an additional 55,333 shares in the last quarter. 25.32% of the stock is owned by institutional investors and hedge funds.

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's live streaming content also covers other entertainment content, such as talent shows, anime, outdoor activities, live chats, online theatre, and other genres.

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