Point72 Hong Kong Ltd Acquires 163,509 Shares of DouYu International Holdings Limited (NASDAQ:DOYU)

Point72 Hong Kong Ltd lifted its position in shares of DouYu International Holdings Limited (NASDAQ:DOYU - Free Report) by 29.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 714,592 shares of the company's stock after buying an additional 163,509 shares during the period. Point72 Hong Kong Ltd owned about 2.26% of DouYu International worth $8,011,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Advisors Preferred LLC purchased a new position in DouYu International in the 4th quarter worth approximately $51,000. Headlands Technologies LLC increased its stake in DouYu International by 3,409.1% in the 4th quarter. Headlands Technologies LLC now owns 6,948 shares of the company's stock worth $78,000 after purchasing an additional 6,750 shares during the period. Jump Financial LLC purchased a new position in DouYu International in the 4th quarter worth approximately $114,000. Sei Investments Co. purchased a new position in DouYu International in the 4th quarter worth approximately $195,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in DouYu International in the 4th quarter worth approximately $206,000. 17.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on DOYU. HSBC raised DouYu International from a "reduce" rating to a "hold" rating in a research note on Monday, March 17th. Citigroup upgraded DouYu International from a "sell" rating to a "neutral" rating and lifted their price target for the company from $5.90 to $10.50 in a research report on Tuesday, March 18th. Finally, Hsbc Global Res raised DouYu International from a "moderate sell" rating to a "hold" rating in a report on Monday, March 17th.

DouYu International Trading Up 1.2%

DouYu International stock traded up $0.08 during mid-day trading on Friday, hitting $6.93. The company had a trading volume of 32,283 shares, compared to its average volume of 229,470. The stock's 50 day moving average price is $7.18 and its two-hundred day moving average price is $10.24. DouYu International Holdings Limited has a 12 month low of $5.68 and a 12 month high of $20.17. The company has a market capitalization of $209.14 million, a PE ratio of -7.88 and a beta of 0.83.

DouYu International (NASDAQ:DOYU - Get Free Report) last posted its quarterly earnings results on Friday, March 14th. The company reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($2.18) by $1.87. The firm had revenue of $155.65 million during the quarter, compared to analysts' expectations of $1.05 billion. DouYu International had a negative return on equity of 2.92% and a negative net margin of 4.39%.

DouYu International Profile

DouYu International Holdings Limited, together with its subsidiaries, operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming services in the People's Republic of China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.