Norges Bank Makes New $282,000 Investment in HUYA Inc. (NYSE:HUYA)

Norges Bank acquired a new position in HUYA Inc. (NYSE:HUYA - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 91,854 shares of the company's stock, valued at approximately $282,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vontobel Holding Ltd. acquired a new stake in shares of HUYA in the fourth quarter valued at about $140,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in HUYA in the 4th quarter worth approximately $371,000. WCM Investment Management LLC grew its position in HUYA by 4,396.5% in the fourth quarter. WCM Investment Management LLC now owns 2,854,171 shares of the company's stock valued at $8,505,000 after acquiring an additional 2,790,696 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of HUYA during the third quarter valued at approximately $90,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of HUYA during the third quarter worth $711,000. 23.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on HUYA shares. Daiwa Capital Markets downgraded shares of HUYA from an "outperform" rating to a "neutral" rating in a research note on Tuesday, March 18th. Daiwa America cut HUYA from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $5.68.

HUYA Stock Performance

Shares of HUYA stock traded down $0.03 during trading hours on Thursday, hitting $3.32. 358,099 shares of the company were exchanged, compared to its average volume of 1,681,326. The stock has a market capitalization of $750.42 million, a price-to-earnings ratio of -36.77 and a beta of 0.73. HUYA Inc. has a one year low of $2.82 and a one year high of $6.84. The business's 50-day simple moving average is $3.61 and its two-hundred day simple moving average is $3.53.

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

HUYA Announces Dividend

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

About HUYA

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.