HUYA Inc. (NYSE:HUYA) Shares Purchased by Fmr LLC

Fmr LLC boosted its holdings in HUYA Inc. (NYSE:HUYA) by 236.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,391,957 shares of the company’s stock after buying an additional 1,681,800 shares during the period. Fmr LLC’s holdings in HUYA were worth $12,199,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in HUYA. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of HUYA by 160.5% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 293,100 shares of the company’s stock valued at $1,158,000 after purchasing an additional 180,600 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of HUYA by 162.4% in the 2nd quarter. Mackenzie Financial Corp now owns 171,584 shares of the company’s stock valued at $678,000 after purchasing an additional 106,182 shares in the last quarter. Millennium Management LLC acquired a new position in shares of HUYA in the 2nd quarter valued at about $5,197,000. Caxton Associates LP lifted its stake in shares of HUYA by 407.5% in the 2nd quarter. Caxton Associates LP now owns 411,811 shares of the company’s stock valued at $1,627,000 after purchasing an additional 330,659 shares in the last quarter. Finally, Polunin Capital Partners Ltd acquired a new position in shares of HUYA in the 2nd quarter valued at about $5,166,000. 23.20% of the stock is owned by institutional investors and hedge funds.

HUYA Stock Performance

Shares of NYSE:HUYA opened at $3.16 on Thursday. The company has a market cap of $736.54 million, a P/E ratio of -35.11 and a beta of 0.60. HUYA Inc. has a one year low of $2.89 and a one year high of $6.84. The business’s 50-day simple moving average is $3.60 and its 200 day simple moving average is $4.10.

HUYA (NYSE:HUYA) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.30. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the business earned $0.05 EPS. HUYA’s revenue for the quarter was down 7.6% compared to the same quarter last year. Analysts predict that HUYA Inc. will post 0.16 earnings per share for the current year.

Analyst Ratings Changes

HUYA has been the topic of several research analyst reports. Hsbc Global Res lowered HUYA from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Bank of America lowered HUYA from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $5.80 to $4.00 in a research note on Wednesday, November 6th. HSBC reaffirmed a “hold” rating and issued a $4.70 price objective on shares of HUYA in a research note on Friday, October 11th. Finally, Citigroup dropped their target price on HUYA from $5.90 to $5.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $5.68.

About HUYA

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.