UBS Group AG Reduces Position in DouYu International Holdings Limited (NASDAQ:DOYU)

UBS Group AG cut its holdings in DouYu International Holdings Limited (NASDAQ:DOYU – Get Rating) by 2.3% during the third quarter, Holdings Channel reports. The institutional investor owned 2,234,745 shares of the company’s stock after selling 53,731 shares during the period. UBS Group AG’s holdings in DouYu International were worth $2,235,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of DOYU. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of DouYu International by 13.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 89,052 shares of the company’s stock valued at $89,000 after buying an additional 10,798 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of DouYu International by 15.3% in the 3rd quarter. California Public Employees Retirement System now owns 333,983 shares of the company’s stock valued at $334,000 after acquiring an additional 44,437 shares during the period. Virtu Financial LLC raised its position in DouYu International by 84.3% in the 3rd quarter. Virtu Financial LLC now owns 37,448 shares of the company’s stock valued at $37,000 after purchasing an additional 17,127 shares during the last quarter. Polunin Capital Partners Ltd acquired a new stake in DouYu International during the 3rd quarter worth $2,805,000. Finally, GAM Holding AG purchased a new stake in shares of DouYu International in the third quarter valued at about $600,000. 19.15% of the stock is owned by hedge funds and other institutional investors.

DouYu International Stock Performance

Shares of DouYu International stock opened at $1.33 on Tuesday. The company has a market cap of $422.25 million, a P/E ratio of -10.23 and a beta of 1.05. The firm has a fifty day moving average of $1.59 and a two-hundred day moving average of $1.35. DouYu International Holdings Limited has a one year low of $0.90 and a one year high of $2.48.

Analyst Ratings Changes

Separately, Citigroup cut DouYu International from a “neutral” rating to a “sell” rating and set a $1.10 price target on the stock. in a research report on Monday, November 21st.

About DouYu International

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DouYu International Holdings Ltd. engages in the development and operation of a game-centric live streaming platform in China, both on personal computer and mobile apps. The company was founded by Shaojie Chen and Wenming Zhang on April 3, 2014 and is headquartered in Wuhan, China.