HUYA Inc. (NYSE:HUYA – Get Rating) shares gapped down before the market opened on Tuesday . The stock had previously closed at $3.92, but opened at $3.53. HUYA shares last traded at $3.28, with a volume of 883,095 shares changing hands.
Analysts Set New Price Targets
A number of brokerages recently issued reports on HUYA. China Renaissance upgraded HUYA from a "hold" rating to a "buy" rating and reduced their target price for the stock from $4.30 to $4.20 in a research note on Tuesday, December 13th. HSBC reduced their target price on HUYA from $6.30 to $3.80 and set a "hold" rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $3.70.
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The firm has a 50-day simple moving average of $4.86 and a two-hundred day simple moving average of $3.51. The company has a market capitalization of $788.01 million, a price-to-earnings ratio of -18.39 and a beta of 0.74.
Institutional Investors Weigh In On HUYA
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in HUYA during the 3rd quarter worth about $87,000. Twenty Acre Capital LP grew its position in shares of HUYA by 13.6% during the 3rd quarter. Twenty Acre Capital LP now owns 889,900 shares of the company's stock valued at $1,976,000 after acquiring an additional 106,500 shares during the period. California Public Employees Retirement System grew its position in shares of HUYA by 22.3% during the 3rd quarter. California Public Employees Retirement System now owns 196,075 shares of the company's stock valued at $435,000 after acquiring an additional 35,711 shares during the period. Barclays PLC grew its position in shares of HUYA by 12.8% during the 3rd quarter. Barclays PLC now owns 220,475 shares of the company's stock valued at $490,000 after acquiring an additional 25,000 shares during the period. Finally, Flow Traders U.S. LLC acquired a new stake in shares of HUYA during the 3rd quarter valued at about $56,000. 21.84% of the stock is owned by institutional investors and hedge funds.
HUYA Company Profile
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HUYA, Inc is a holding company, which engages in the development of game live streaming platform. The company provides live streaming content for mobile, personal computer, and console games. It also offers content to other entertainment genres, such as talent shows, anime, and outdoor activities. The company was founded in 2014 and is headquartered in Guangzhou, China.
Further Reading
- Get a free copy of the StockNews.com research report on HUYA (HUYA)
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