BRIGHT VALLEY CAPITAL Ltd Sells 477,512 Shares of DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU)

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 lessened its holdings in DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU - Free Report) by 30.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,098,488 shares of the company's stock after selling 477,512 shares during the quarter. DouYu International comprises approximately 2.8% of BRIGHT VALLEY CAPITAL Ltd's investment portfolio, making the stock its 8th largest holding. BRIGHT VALLEY CAPITAL Ltd owned 3.64% of DouYu International worth $8,206,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Point72 Hong Kong Ltd grew its stake in DouYu International by 29.7% in the 4th quarter. Point72 Hong Kong Ltd now owns 714,592 shares of the company's stock valued at $8,011,000 after acquiring an additional 163,509 shares during the period. Russell Investments Group Ltd. acquired a new stake in DouYu International in the 4th quarter valued at $2,429,000. Bank of America Corp DE lifted its holdings in DouYu International by 113.5% in the 4th quarter. Bank of America Corp DE now owns 85,743 shares of the company's stock valued at $961,000 after purchasing an additional 45,573 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in DouYu International in the 4th quarter valued at $821,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in DouYu International by 8.3% in 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 in the last quarter. Institutional investors and hedge funds own 17.86% of the company's stock.

DouYu International Stock Up 4.2%

NASDAQ DOYU opened at $7.50 on Thursday. DouYu International Holdings Limited Sponsored ADR has a 52 week low of $5.68 and a 52 week high of $20.17. The business's fifty day simple moving average is $7.37 and its 200-day simple moving average is $8.35. The firm has a market cap of $226.34 million, a PE ratio of -5.77 and a beta of 0.68.

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, topping the consensus estimate of ($0.25) by $0.15. The business had revenue of $130.54 million for the quarter, compared to analyst estimates of $997.20 million. DouYu International had a negative return on equity of 4.12% and a negative net margin of 6.85%.

Analyst Ratings Changes

Separately, Citigroup decreased their price objective on DouYu International from $10.50 to $7.00 and set a "neutral" rating on the stock in a report on Tuesday, May 27th.

DouYu International 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.

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