HUYA (NYSE:HUYA) Trading 3.1% Higher

HUYA Inc. (NYSE:HUYA) shares were up 3.1% during trading on Wednesday . The company traded as high as $6.09 and last traded at $6.06. Approximately 98,857 shares traded hands during trading, a decline of 93% from the average daily volume of 1,512,597 shares. The stock had previously closed at $5.88.

Analyst Ratings Changes

HUYA has been the subject of several research analyst reports. JPMorgan Chase & Co. raised HUYA from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $3.00 to $9.00 in a research report on Monday. Morgan Stanley raised HUYA from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, May 15th. Finally, Bank of America raised shares of HUYA from a “neutral” rating to a “buy” rating and set a $5.80 price objective for the company in a research report on Monday, March 25th.

HUYA Stock Performance

The business has a 50 day moving average of $4.78 and a two-hundred day moving average of $3.93.

HUYA (NYSE:HUYA) last posted its quarterly earnings results on Tuesday, March 19th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.02). HUYA had a negative net margin of 2.67% and a positive return on equity of 0.59%. The business had revenue of $215.47 million during the quarter, compared to analyst estimates of $206.51 million. Analysts anticipate that HUYA Inc. will post 0.11 earnings per share for the current year.

HUYA Announces Dividend

The business also recently declared a — dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.64 per share. The ex-dividend date is Thursday, May 9th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its position in shares of HUYA by 5.8% during the third quarter. Principal Financial Group Inc. now owns 102,011 shares of the company’s stock valued at $290,000 after purchasing an additional 5,595 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of HUYA in the third quarter valued at approximately $1,796,000. Quantbot Technologies LP lifted its stake in HUYA by 70.5% in the third quarter. Quantbot Technologies LP now owns 33,768 shares of the company’s stock valued at $96,000 after purchasing an additional 13,968 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in HUYA in the third quarter worth $30,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of HUYA in the third quarter valued at $30,000. Institutional investors own 23.20% of the company’s stock.

HUYA Company Profile

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.