Wipfli Financial Advisors LLC Takes $27,000 Position in HUYA Inc. (NYSE:HUYA)

Wipfli Financial Advisors LLC purchased a new stake in HUYA Inc. (NYSE:HUYAGet Rating) in the third quarter, HoldingsChannel reports. The firm purchased 12,291 shares of the company’s stock, valued at approximately $27,000.

Other hedge funds have also made changes to their positions in the company. Merit Financial Group LLC purchased a new position in shares of HUYA in the second quarter valued at $91,000. Ronit Capital LLP increased its position in HUYA by 11.0% during the 2nd quarter. Ronit Capital LLP now owns 101,000 shares of the company’s stock worth $392,000 after purchasing an additional 10,000 shares in the last quarter. Profund Advisors LLC purchased a new stake in HUYA during the 2nd quarter worth about $52,000. Acadian Asset Management LLC purchased a new stake in HUYA during the 1st quarter worth about $548,000. Finally, Principal Financial Group Inc. purchased a new stake in HUYA during the 2nd quarter worth about $321,000. Hedge funds and other institutional investors own 21.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on HUYA shares. UBS Group cut HUYA from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $27.00 to $2.90 in a research report on Thursday, September 29th. China Renaissance upgraded HUYA from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $4.30 to $4.20 in a research report on Tuesday, December 13th. Finally, Citigroup cut HUYA from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $4.00 to $3.00 in a research report on Wednesday, November 16th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $4.60.

HUYA Trading Up 1.9 %

Shares of NYSE:HUYA opened at $5.31 on Friday. The stock’s 50-day moving average price is $3.56 and its two-hundred day moving average price is $3.09. HUYA Inc. has a 12-month low of $1.64 and a 12-month high of $7.04. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -29.50 and a beta of 0.58.

HUYA (NYSE:HUYAGet Rating) last released its quarterly earnings data on Tuesday, November 15th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.09. The business had revenue of $334.37 million for the quarter, compared to analyst estimates of $327.94 million. HUYA had a negative return on equity of 2.74% and a negative net margin of 2.93%. As a group, research analysts forecast that HUYA Inc. will post -0.43 earnings per share for the current fiscal year.

HUYA Company Profile

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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.

Further Reading

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Institutional Ownership by Quarter for HUYA (NYSE:HUYA)

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