JPMorgan Chase & Co. Cuts Position in HUYA Inc. (NYSE:HUYA)

JPMorgan Chase & Co. lowered its holdings in HUYA Inc. (NYSE:HUYA - Free Report) by 48.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 226,778 shares of the company's stock after selling 216,882 shares during the quarter. JPMorgan Chase & Co. owned 0.10% of HUYA worth $696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of HUYA. WCM Investment Management LLC increased its stake in HUYA by 4,396.5% in the 4th quarter. WCM Investment Management LLC now owns 2,854,171 shares of the company's stock worth $8,505,000 after buying an additional 2,790,696 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of HUYA by 66.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 758,281 shares of the company's stock valued at $2,328,000 after purchasing an additional 302,988 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of HUYA in the fourth quarter worth about $371,000. E Fund Management Co. Ltd. purchased a new stake in shares of HUYA in the fourth quarter worth about $371,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in HUYA by 27.1% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 63,550 shares of the company's stock valued at $195,000 after buying an additional 13,544 shares during the last quarter. Institutional investors own 23.20% of the company's stock.

Wall Street Analysts Forecast Growth

HUYA has been the topic of a number of research reports. Daiwa Capital Markets downgraded shares of HUYA from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 18th. Daiwa America lowered shares of HUYA from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $5.68.

HUYA Stock Performance

Shares of HUYA stock remained flat at $3.82 during trading on Friday. 971,932 shares of the stock traded hands, compared to its average volume of 1,694,541. The business's 50-day simple moving average is $3.54 and its 200-day simple moving average is $3.41. The company has a market cap of $864.74 million, a PE ratio of -42.44 and a beta of 0.73. HUYA Inc. has a 1-year low of $2.82 and a 1-year high of $6.84.

HUYA (NYSE:HUYA - Get Free Report) last released its quarterly earnings results on Tuesday, March 18th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The business had revenue of $1.50 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter last year, the company earned $0.48 EPS. The firm's revenue for the quarter was down 2.2% compared to the same quarter last year. On average, equities analysts forecast that HUYA Inc. will post 0.16 earnings per share for the current year.

HUYA Announces Dividend

The company also recently announced an annual dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be issued a $1.47 dividend. This represents a dividend yield of 42.55%. The ex-dividend date is Tuesday, June 17th. HUYA's payout ratio is -4,766.67%.

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.