Point72 Hong Kong Ltd lifted its position in DouYu International Holdings Limited (NASDAQ:DOYU - Free Report) by 29.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 714,592 shares of the company's stock after purchasing an additional 163,509 shares during the quarter. Point72 Hong Kong Ltd owned about 2.26% of DouYu International worth $8,011,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Advisors Preferred LLC acquired a new position in DouYu International in the fourth quarter valued at about $51,000. Headlands Technologies LLC raised its holdings in DouYu International by 3,409.1% in the fourth quarter. Headlands Technologies LLC now owns 6,948 shares of the company's stock valued at $78,000 after acquiring an additional 6,750 shares in the last quarter. Jump Financial LLC purchased a new position in DouYu International in the fourth quarter valued at approximately $114,000. Sei Investments Co. acquired a new stake in DouYu International during the fourth quarter worth approximately $195,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in DouYu International during the fourth quarter worth approximately $206,000. Institutional investors and hedge funds own 17.86% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on DOYU. HSBC upgraded shares of DouYu International from a "reduce" rating to a "hold" rating in a research report on Monday, March 17th. Hsbc Global Res raised DouYu International from a "moderate sell" rating to a "hold" rating in a research note on Monday, March 17th. Finally, Citigroup raised DouYu International from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $5.90 to $10.50 in a research note on Tuesday, March 18th.
Get Our Latest Analysis on DOYU
DouYu International Trading Down 0.1%
Shares of DouYu International stock traded down $0.01 during trading hours on Tuesday, reaching $6.94. 49,981 shares of the company's stock were exchanged, compared to its average volume of 228,057. The firm has a market capitalization of $209.29 million, a price-to-earnings ratio of -7.88 and a beta of 0.83. The company has a fifty day moving average of $7.16 and a 200-day moving average of $10.21. DouYu International Holdings Limited has a 52-week low of $5.68 and a 52-week high of $20.17.
DouYu International (NASDAQ:DOYU - Get Free Report) last issued its 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 business had revenue of $155.65 million for the quarter, compared to analyst estimates 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 Company Profile
(
Free Report)
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.
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