HUYA Inc. (NYSE:HUYA) Stock Holdings Increased by Bank of America Corp DE

Bank of America Corp DE lifted its position in shares of HUYA Inc. (NYSE:HUYA - Free Report) by 19.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 995,747 shares of the company's stock after purchasing an additional 164,112 shares during the period. Bank of America Corp DE owned about 0.44% of HUYA worth $3,057,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vontobel Holding Ltd. acquired a new position in shares of HUYA during the fourth quarter worth $140,000. WCM Investment Management LLC raised its holdings in HUYA by 4,396.5% in the fourth quarter. WCM Investment Management LLC now owns 2,854,171 shares of the company's stock valued at $8,505,000 after acquiring an additional 2,790,696 shares in the last quarter. Norges Bank acquired a new stake in HUYA in the fourth quarter valued at $282,000. E Fund Management Co. Ltd. acquired a new stake in HUYA in the fourth quarter valued at $371,000. Finally, Jump Financial LLC acquired a new stake in HUYA in the fourth quarter valued at $129,000. 23.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on HUYA shares. Daiwa America cut shares of HUYA from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 18th. Daiwa Capital Markets lowered shares of HUYA from an "outperform" rating to a "neutral" rating in a research note on Tuesday, March 18th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $4.57.

HUYA Stock Performance

Shares of HUYA stock traded up $0.05 during trading on Monday, hitting $3.84. 450,641 shares of the stock were exchanged, compared to its average volume of 1,608,541. The stock's fifty day moving average is $3.48 and its 200 day moving average is $3.45. The stock has a market cap of $863.76 million, a PE ratio of -42.61 and a beta of 0.81. HUYA Inc. has a 12 month low of $2.82 and a 12 month high of $6.43.

HUYA (NYSE:HUYA - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $207.20 million during the quarter, compared to analyst estimates of $1.37 billion. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The company's quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 earnings per share. Sell-side analysts anticipate that HUYA Inc. will post 0.16 EPS for the current fiscal year.

HUYA Announces Dividend

The company also recently declared an annual dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a dividend yield of 42.55%. HUYA's dividend payout ratio is currently -2,042.86%.

HUYA Profile

HUYA Inc, together with its subsidiaries, operates game live streaming platforms in the People's Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company's live streaming content also covers other entertainment content, such as talent shows, anime, outdoor activities, live chats, and other genres.