HUYA (NYSE:HUYA) Stock Price Up 4.3%

HUYA Inc. (NYSE:HUYA) shot up 4.3% during mid-day trading on Friday . The stock traded as high as $7.31 and last traded at $7.29. 9,129 shares traded hands during trading, a decline of 100% from the average session volume of 2,649,449 shares. The stock had previously closed at $6.99.

Several equities analysts have recently commented on the stock. Morgan Stanley began coverage on shares of HUYA in a report on Wednesday, October 13th. They issued an “underweight” rating on the stock. Bank of America started coverage on shares of HUYA in a research note on Monday, December 27th. They issued a “neutral” rating for the company. Citigroup dropped their target price on shares of HUYA from $13.20 to $11.80 and set a “buy” rating for the company in a report on Wednesday, November 10th. Zacks Investment Research upgraded shares of HUYA from a “sell” rating to a “hold” rating in a report on Tuesday, December 7th. Finally, China Renaissance Securities lowered their target price on shares of HUYA from $11.90 to $10.90 and set a “buy” rating for the company in a research note on Wednesday, November 10th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $19.54.

The firm has a 50 day simple moving average of $7.70 and a 200-day simple moving average of $10.20. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 9.72 and a beta of 0.72.

HUYA (NYSE:HUYA) last released its quarterly earnings results on Tuesday, November 9th. The company reported $0.34 earnings per share (EPS) for the quarter. The business had revenue of $461.80 million during the quarter, compared to the consensus estimate of $467.14 million. HUYA had a return on equity of 11.24% and a net margin of 9.98%. On average, equities research analysts anticipate that HUYA Inc. will post 0.01 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its position in shares of HUYA by 10.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 28,152 shares of the company’s stock valued at $496,000 after acquiring an additional 2,681 shares during the period. Millennium Management LLC lifted its position in shares of HUYA by 1,547.9% during the 2nd quarter. Millennium Management LLC now owns 438,396 shares of the company’s stock valued at $7,738,000 after acquiring an additional 411,793 shares during the period. Lazard Asset Management LLC bought a new stake in shares of HUYA during the 2nd quarter worth $312,000. Panagora Asset Management Inc. lifted its position in shares of HUYA by 357.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 47,275 shares of the company’s stock worth $834,000 after buying an additional 36,934 shares during the last quarter. Finally, West Family Investments Inc. acquired a new position in HUYA in the 3rd quarter worth about $146,000. Hedge funds and other institutional investors own 27.77% of the company’s stock.

About HUYA (NYSE:HUYA)

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.

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