Bank of America Corp DE Buys 45,573 Shares of DouYu International Holdings Limited (NASDAQ:DOYU)

Bank of America Corp DE lifted its position in shares of DouYu International Holdings Limited (NASDAQ:DOYU - Free Report) by 113.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,743 shares of the company's stock after acquiring an additional 45,573 shares during the period. Bank of America Corp DE owned approximately 0.27% of DouYu International worth $961,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership bought a new position in DouYu International during the 4th quarter valued at about $206,000. Polymer Capital Management HK LTD purchased a new position in shares of DouYu International during the fourth quarter valued at approximately $767,000. Russell Investments Group Ltd. bought a new position in DouYu International during the fourth quarter valued at approximately $2,429,000. Sei Investments Co. bought a new position in DouYu International during the fourth quarter valued at approximately $195,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in DouYu International in the fourth quarter worth approximately $821,000. 17.86% of the stock is currently owned by hedge funds and other institutional investors.

DouYu International Stock Performance

Shares of NASDAQ DOYU traded up $0.26 during trading on Friday, hitting $6.92. The company had a trading volume of 32,487 shares, compared to its average volume of 226,022. The stock has a 50 day simple moving average of $6.78 and a 200 day simple moving average of $9.83. The firm has a market capitalization of $208.84 million, a P/E ratio of -7.86 and a beta of 0.72. DouYu International Holdings Limited has a 12 month low of $5.68 and a 12 month high of $20.17.

DouYu International (NASDAQ:DOYU - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The company reported ($0.10) EPS for the quarter, beating analysts' consensus estimates of ($0.25) by $0.15. The business had revenue of $130.54 million for the quarter, compared to analysts' expectations of $997.20 million. DouYu International had a negative return on equity of 2.92% and a negative net margin of 4.39%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DOYU shares. Citigroup lowered their price target on DouYu International from $10.50 to $7.00 and set a "neutral" rating on the stock in a report on Tuesday, May 27th. HSBC upgraded DouYu International from a "reduce" rating to a "hold" rating in a research report on Monday, March 17th. Finally, Hsbc Global Res raised DouYu International from a "moderate sell" rating to a "hold" rating in a research report on Monday, March 17th.

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.