HUYA (NYSE:HUYA) Shares Up 4.5% - Here's Why

Key Points

• HUYA Inc. shares rose by 4.5% to trade at $3.13, although the trading volume was significantly down 90% from the average.
• Analyst ratings show a divided sentiment, with one Buy rating, four Hold ratings, and one Sell rating, leading to an average target price of $4.50.
• Institutional investors hold 23.20% of HUYA's stock, with notable increases in holdings from several hedge funds during the second quarter.

HUYA Inc. Sponsored ADR (NYSE:HUYA - Get Free Report) shares traded up 4.5% during trading on Wednesday . The company traded as high as $3.11 and last traded at $3.13. 185,862 shares traded hands during trading, a decline of 90% from the average session volume of 1,856,517 shares. The stock had previously closed at $2.99.

Analyst Ratings Changes

HUYA has been the topic of a number of research analyst reports. Zacks Research raised shares of HUYA to a "hold" rating in a research report on Monday, September 8th. Weiss Ratings reiterated a "sell (d-)" rating on shares of HUYA in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $4.50.

HUYA Stock Performance

The stock has a 50-day simple moving average of $3.32 and a 200 day simple moving average of $3.41. The company has a market cap of $672.85 million, a P/E ratio of -33.62 and a beta of 0.69.

Institutional Trading of HUYA

A number of hedge funds have recently modified their holdings of the company. Loomis Sayles & Co. L P lifted its position in shares of HUYA by 327.0% in the 2nd quarter. Loomis Sayles & Co. L P now owns 10,273 shares of the company's stock worth $36,000 after acquiring an additional 7,867 shares during the period. Public Employees Retirement System of Ohio boosted its stake in HUYA by 10.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 225,942 shares of the company's stock valued at $795,000 after buying an additional 21,273 shares in the last quarter. Acadian Asset Management LLC boosted its stake in HUYA by 0.9% in the 1st quarter. Acadian Asset Management LLC now owns 3,067,145 shares of the company's stock valued at $9,835,000 after buying an additional 27,582 shares in the last quarter. Caxton Associates LLP acquired a new stake in HUYA in the 1st quarter valued at $1,264,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in HUYA by 10.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company's stock valued at $497,000 after buying an additional 14,456 shares in the last quarter. Institutional investors own 23.20% of the company's stock.

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.

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