WCM Investment Management CA acquired a new stake in HUYA Inc – (NYSE:HUYA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 39,705 shares of the company’s stock, valued at approximately $1,306,000.
Other institutional investors have also recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new stake in shares of HUYA during the 2nd quarter worth approximately $146,000. Perpetual Ltd acquired a new position in shares of HUYA in the 2nd quarter valued at $405,000. Ariose Capital Management Ltd acquired a new position in shares of HUYA in the 2nd quarter valued at $164,441,000. Nomura Asset Management Co. Ltd. acquired a new position in shares of HUYA in the 2nd quarter valued at $204,000. Finally, BKS Advisors LLC acquired a new position in shares of HUYA in the 2nd quarter valued at $230,000. Institutional investors own 5.86% of the company’s stock.
HUYA has been the topic of a number of recent research reports. 86 Research reaffirmed a “sell” rating on shares of HUYA in a report on Monday, June 18th. CLSA initiated coverage on shares of HUYA in a report on Tuesday, September 4th. They issued an “outperform” rating and a $33.00 target price on the stock. Finally, Goldman Sachs Group initiated coverage on shares of HUYA in a report on Friday, August 3rd. They issued a “neutral” rating and a $34.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $36.00.
HUYA (NYSE:HUYA) last announced its quarterly earnings data on Monday, August 13th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.55) by $1.92. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $992.74 million. HUYA’s quarterly revenue was up 125.0% on a year-over-year basis.
HUYA Inc, through 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 also provides advertising and online game-related services. As of December 31, 2017, its live streaming content covered approximately 2,600 games, including mobile, PC, and console games.
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