DouYu International Holdings Limited (NASDAQ:DOYU) Shares Purchased by Bank of America Corp DE

Bank of America Corp DE raised its stake in 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 and Exchange Commission (SEC). 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 0.27% of DouYu International worth $961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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 $51,000. Headlands Technologies LLC boosted its stake 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 acquired a new position in DouYu International in the fourth quarter valued at $114,000. Sei Investments Co. acquired a new position in DouYu International in the fourth quarter valued at $195,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in DouYu International in the fourth quarter valued at $206,000. Institutional investors and hedge funds own 17.86% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on DOYU. Hsbc Global Res upgraded shares of DouYu International from a "moderate sell" rating to a "hold" rating in a research note on Monday, March 17th. HSBC raised shares of DouYu International from a "reduce" rating to a "hold" rating in a report on Monday, March 17th. Finally, Citigroup reduced their target price on shares of DouYu International from $10.50 to $7.00 and set a "neutral" rating for the company in a report on Tuesday, May 27th.

DouYu International Price Performance

Shares of NASDAQ:DOYU traded up $0.03 on Wednesday, reaching $6.61. The company's stock had a trading volume of 36,167 shares, compared to its average volume of 225,166. The stock has a market capitalization of $199.48 million, a P/E ratio of -7.51 and a beta of 0.72. DouYu International Holdings Limited has a 52-week low of $5.68 and a 52-week high of $20.17. The stock's 50-day moving average is $6.77 and its two-hundred day moving average is $9.76.

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

DouYu International Company 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.