HUYA (NYSE:HUYA) Trading Up 6% – What’s Next?

HUYA Inc. (NYSE:HUYA)’s share price traded up 6% during trading on Tuesday . The company traded as high as $3.02 and last traded at $3.02. 432,199 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 995,161 shares. The stock had previously closed at $2.85.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Hsbc Global Res cut shares of HUYA from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Bank of America lowered HUYA from a “buy” rating to a “neutral” rating and dropped their price target for the company from $5.80 to $4.00 in a research report on Wednesday, November 6th. Citigroup decreased their price objective on HUYA from $5.90 to $5.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Finally, HSBC reiterated a “hold” rating and issued a $4.70 target price on shares of HUYA in a report on Friday, October 11th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $5.68.

HUYA Trading Up 6.1 %

The company has a fifty day moving average of $3.10 and a two-hundred day moving average of $3.85. The stock has a market capitalization of $727.78 million, a price-to-earnings ratio of -35.72 and a beta of 0.62.

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. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. HUYA’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 EPS. As a group, sell-side analysts predict that HUYA Inc. will post 0.16 earnings per share for the current fiscal year.

Institutional Trading of HUYA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of HUYA by 160.5% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 293,100 shares of the company’s stock valued at $1,158,000 after acquiring an additional 180,600 shares during the period. Mackenzie Financial Corp increased its stake in HUYA by 162.4% during the second quarter. Mackenzie Financial Corp now owns 171,584 shares of the company’s stock valued at $678,000 after acquiring an additional 106,182 shares during the period. Millennium Management LLC bought a new stake in shares of HUYA in the 2nd quarter worth approximately $5,197,000. Caxton Associates LP grew its holdings in shares of HUYA by 407.5% during the 2nd quarter. Caxton Associates LP now owns 411,811 shares of the company’s stock worth $1,627,000 after purchasing an additional 330,659 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of HUYA by 236.8% during the 3rd quarter. FMR LLC now owns 2,391,957 shares of the company’s stock worth $12,199,000 after purchasing an additional 1,681,800 shares in the last quarter. Institutional investors and hedge funds 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.