BNP Paribas Financial Markets Raises Stock Holdings in HUYA Inc. (NYSE:HUYA)

BNP Paribas Financial Markets lifted its stake in shares of HUYA Inc. (NYSE:HUYA - Free Report) by 44.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 295,933 shares of the company's stock after acquiring an additional 91,387 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.13% of HUYA worth $909,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Two Sigma Securities LLC bought a new stake in HUYA in the fourth quarter worth about $43,000. Sei Investments Co. purchased a new stake in shares of HUYA in the fourth quarter worth approximately $94,000. Jump Financial LLC bought a new stake in shares of HUYA during the 4th quarter worth approximately $129,000. Vontobel Holding Ltd. purchased a new position in HUYA during the 4th quarter valued at $140,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in HUYA by 27.1% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 63,550 shares of the company's stock valued at $195,000 after acquiring an additional 13,544 shares during the last quarter. 23.20% of the stock is currently owned by institutional investors.

HUYA Price Performance

Shares of HUYA stock traded up $0.01 during mid-day trading on Tuesday, hitting $3.66. The stock had a trading volume of 583,294 shares, compared to its average volume of 1,626,342. HUYA Inc. has a 12-month low of $2.82 and a 12-month high of $6.43. The firm's 50-day moving average is $3.45 and its two-hundred day moving average is $3.43. The firm has a market capitalization of $824.35 million, a P/E ratio of -40.67 and a beta of 0.81.

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

HUYA Announces Dividend

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

Analysts Set New Price Targets

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

HUYA Company 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.