Shares of HUYA Inc. (NYSE:HUYA – Get Rating) have received a consensus rating of “Hold” from the ten brokerages that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $8.20.
Several analysts have recently weighed in on HUYA shares. Citigroup reduced their price objective on shares of HUYA from $6.80 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, May 18th. HSBC downgraded shares of HUYA from a “buy” rating to a “hold” rating in a research report on Tuesday, May 17th. Finally, Daiwa Capital Markets reduced their price objective on shares of HUYA from $5.70 to $4.60 and set an “outperform” rating for the company in a research report on Wednesday, May 18th.
HUYA Stock Up 4.0 %
NYSE HUYA opened at $3.35 on Thursday. HUYA has a 52 week low of $3.04 and a 52 week high of $12.39. The stock has a market capitalization of $797.53 million, a PE ratio of 13.40 and a beta of 0.61. The firm has a 50 day moving average of $3.91 and a two-hundred day moving average of $4.59.
Institutional Trading of HUYA
Several institutional investors and hedge funds have recently bought and sold shares of the business. Profund Advisors LLC acquired a new position in HUYA in the 2nd quarter valued at $52,000. National Bank of Canada FI acquired a new position in HUYA in the 4th quarter valued at $63,000. Allspring Global Investments Holdings LLC acquired a new position in HUYA in the 4th quarter valued at $100,000. Royal Bank of Canada increased its stake in HUYA by 8,607.6% in the 1st quarter. Royal Bank of Canada now owns 24,120 shares of the company’s stock valued at $108,000 after buying an additional 23,843 shares during the period. Finally, SG Americas Securities LLC increased its stake in HUYA by 73.9% in the 2nd quarter. SG Americas Securities LLC now owns 43,341 shares of the company’s stock valued at $168,000 after buying an additional 18,423 shares during the period. Hedge funds and other institutional investors own 25.32% of the company’s stock.
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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