DouYu International Holdings Limited Sponsored ADR $DOYU Shares Bought by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC significantly increased its stake in DouYu International Holdings Limited by 549.6% in the first quarter, now holding shares valued at $2.95 million.
• DouYu's most recent earnings report revealed an EPS of $0.12, exceeding analysts' expectations of (0.08), though revenue of $147.11 million fell short of expectations of $970.58 million.
• Citigroup downgraded its price target for DouYu International from $10.50 to $7.00, maintaining a "neutral" rating on the stock.

Acadian Asset Management LLC raised its position in DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU - Free Report) by 549.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 395,968 shares of the company's stock after buying an additional 335,009 shares during the quarter. Acadian Asset Management LLC owned about 1.31% of DouYu International worth $2,948,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE raised its stake in shares of DouYu International by 113.5% in the fourth quarter. Bank of America Corp DE now owns 85,743 shares of the company's stock valued at $961,000 after buying an additional 45,573 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of DouYu International by 8.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,532 shares of the company's stock valued at $555,000 after purchasing an additional 3,815 shares during the period. XTX Topco Ltd raised its stake in shares of DouYu International by 120.2% during the 1st quarter. XTX Topco Ltd now owns 23,024 shares of the company's stock valued at $172,000 after purchasing an additional 12,568 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of DouYu International during the 1st quarter valued at $331,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of DouYu International by 15.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,439 shares of the company's stock valued at $78,000 after purchasing an additional 1,426 shares during the period. 17.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Citigroup decreased their target price on DouYu International from $10.50 to $7.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 27th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $7.00.

DouYu International Trading Down 0.4%

DOYU traded down $0.03 during midday trading on Friday, hitting $7.69. 64,314 shares of the company were exchanged, compared to its average volume of 141,688. The company's 50 day simple moving average is $7.97 and its 200 day simple moving average is $7.35. DouYu International Holdings Limited Sponsored ADR has a 1-year low of $5.68 and a 1-year high of $16.99. The firm has a market capitalization of $232.08 million, a price-to-earnings ratio of -8.46 and a beta of 0.57.

DouYu International (NASDAQ:DOYU - Get Free Report) last issued its quarterly earnings results on Monday, August 18th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.20. The firm had revenue of $147.11 million for the quarter, compared to analyst estimates of $970.58 million. DouYu International had a negative net margin of 4.73% and a negative return on equity of 3.32%.

About DouYu International

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.