HUYA (NYSE:HUYA) Stock Rating Upgraded by Zacks Research

Key Points

• HUYA (NYSE:HUYA) has been upgraded to a "hold" rating by Zacks Research, reflecting a more cautious outlook for the company's stock.
• The stock is currently priced at $3.53, with a market capitalization of $783.80 million and a price-to-earnings ratio of -39.16.
• Institutional investors own approximately 23.20% of HUYA's shares, with notable recent investments from firms like Loomis Sayles & Co. and Y Intercept Hong Kong Ltd.

Zacks Research upgraded shares of HUYA (NYSE:HUYA - Free Report) to a hold rating in a research report report published on Monday, September 8th,Zacks.com reports.

HUYA Price Performance

HUYA stock traded down $0.03 during midday trading on Monday, hitting $3.49. The stock had a trading volume of 625,685 shares, compared to its average volume of 1,974,677. HUYA has a 12-month low of $2.21 and a 12-month high of $6.43. The company's 50-day moving average price is $3.31 and its 200 day moving average price is $3.50. The firm has a market cap of $774.89 million, a PE ratio of -38.72 and a beta of 0.76.

Institutional Trading of HUYA

Institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its stake in shares of HUYA by 19.7% during the 4th quarter. Bank of America Corp DE now owns 995,747 shares of the company's stock valued at $3,057,000 after buying an additional 164,112 shares during the period. Amiral Gestion purchased a new stake in shares of HUYA during the 4th quarter valued at $307,000. Caxton Associates LLP purchased a new stake in shares of HUYA during the 1st quarter valued at $1,264,000. National Bank of Canada FI purchased a new stake in shares of HUYA during the 1st quarter valued at $32,000. Finally, Headlands Technologies LLC grew its stake in shares of HUYA by 16,738.4% during the 1st quarter. Headlands Technologies LLC now owns 140,937 shares of the company's stock valued at $452,000 after buying an additional 140,100 shares during the period. 23.20% of the stock is owned by hedge funds and other institutional investors.

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.