DouYu International Holdings Limited Sponsored ADR $DOYU is BRIGHT VALLEY CAPITAL Ltd's 8th Largest Position

Key Points

• BRIGHT VALLEY CAPITAL Ltd reduced its stake in DouYu International by 30.3%, selling 477,512 shares, leaving it with approximately 1.1 million shares and making it the firm’s 8th largest holding.
• DouYu International's shares are currently valued at $7.50, with a 52-week range of $5.68 to $20.17, and the company recently reported an EPS of ($0.10), which exceeded analyst expectations.
• Analyst ratings for DouYu International have been adjusted, with Citigroup lowering its price target from $10.50 to $7.00 and assigning a "neutral" rating.

BRIGHT VALLEY CAPITAL Ltd trimmed its holdings in shares of DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU - Free Report) by 30.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,098,488 shares of the company's stock after selling 477,512 shares during the period. DouYu International comprises approximately 2.8% of BRIGHT VALLEY CAPITAL Ltd's portfolio, making the stock its 8th largest position. BRIGHT VALLEY CAPITAL Ltd owned about 3.64% of DouYu International worth $8,206,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Russell Investments Group Ltd. purchased a new stake in shares of DouYu International during the fourth quarter worth about $2,429,000. Jump Financial LLC purchased a new stake in shares of DouYu International during the fourth quarter worth about $114,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of DouYu International during the fourth quarter worth about $821,000. Bank of America Corp DE boosted its holdings in shares of DouYu International by 113.5% during the fourth quarter. Bank of America Corp DE now owns 85,743 shares of the company's stock worth $961,000 after purchasing an additional 45,573 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of DouYu International by 8.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,532 shares of the company's stock worth $555,000 after purchasing an additional 3,815 shares during the period. 17.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Citigroup dropped 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

DOYU traded up $1.04 on Monday, hitting $8.26. The company had a trading volume of 173,644 shares, compared to its average volume of 150,710. DouYu International Holdings Limited Sponsored ADR has a 52-week low of $5.68 and a 52-week high of $20.17. The stock has a fifty day simple moving average of $7.38 and a 200-day simple moving average of $8.13. The firm has a market capitalization of $249.29 million, a P/E ratio of -6.35 and a beta of 0.68.

DouYu International (NASDAQ:DOYU - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.15. DouYu International had a negative net margin of 6.85% and a negative return on equity of 4.12%. The business had revenue of $130.54 million during the quarter, compared to analyst estimates of $997.20 million.

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.