Traders Buy High Volume of Call Options on HUYA (NYSE:HUYA)

HUYA Inc. (NYSE:HUYA - Get Free Report) saw some unusual options trading activity on Friday. Stock traders bought 10,117 call options on the stock. This represents an increase of approximately 704% compared to the average volume of 1,259 call options.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV acquired a new position in shares of HUYA during the third quarter valued at approximately $29,000. Sequoia Financial Advisors LLC acquired a new position in HUYA in the 3rd quarter valued at $30,000. Vanguard Personalized Indexing Management LLC purchased a new position in HUYA in the 3rd quarter valued at $30,000. Tower Research Capital LLC TRC boosted its stake in HUYA by 306.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,009 shares of the company's stock worth $33,000 after purchasing an additional 6,791 shares during the last quarter. Finally, QRG Capital Management Inc. acquired a new stake in HUYA during the 3rd quarter worth $39,000. 23.20% of the stock is owned by hedge funds and other institutional investors.

HUYA Price Performance

HUYA stock traded down $0.11 during mid-day trading on Friday, reaching $4.40. 871,167 shares of the company's stock were exchanged, compared to its average volume of 1,492,626. The company has a market cap of $1.05 billion, a price-to-earnings ratio of -40.00 and a beta of 0.59. HUYA has a 12-month low of $2.15 and a 12-month high of $5.30. The stock's 50 day moving average is $4.16 and its 200 day moving average is $3.62.

HUYA (NYSE:HUYA - Get Free Report) last released its quarterly earnings results on Tuesday, March 19th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.02). The company had revenue of $215.47 million during the quarter, compared to analyst estimates of $206.51 million. HUYA had a negative net margin of 2.80% and a positive return on equity of 0.30%. On average, research analysts forecast that HUYA will post 0.11 earnings per share for the current fiscal year.

HUYA Announces Dividend

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

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.