HUYA (NYSE:HUYA) Sets New 1-Year High at $4.96

HUYA Inc. (NYSE:HUYA - Get Free Report) shares hit a new 52-week high during trading on Friday . The stock traded as high as $4.96 and last traded at $4.95, with a volume of 1449317 shares traded. The stock had previously closed at $4.66.

Analysts Set New Price Targets

Separately, Bank of America raised shares of HUYA from a "neutral" rating to a "buy" rating and set a $5.80 price objective on the stock in a research note on Monday, March 25th.

HUYA Price Performance

The company has a market cap of $1.20 billion, a price-to-earnings ratio of -45.09 and a beta of 0.59. The business's fifty day moving average price is $3.81 and its 200 day moving average price is $3.47.

HUYA Dividend Announcement

The business also recently declared a -- dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a $0.64 dividend. The ex-dividend date of this dividend is Thursday, May 9th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its stake in shares of HUYA by 306.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,009 shares of the company's stock valued at $33,000 after buying an additional 6,791 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of HUYA during the 3rd quarter valued at approximately $29,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of HUYA during the 3rd quarter valued at approximately $30,000. Sequoia Financial Advisors LLC purchased a new stake in shares of HUYA during the 3rd quarter valued at approximately $30,000. Finally, QRG Capital Management Inc. purchased a new stake in shares of HUYA during the 3rd quarter valued at approximately $39,000. 23.20% of the stock is currently owned by hedge funds and other institutional investors.

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.