HUYA (NYSE:HUYA) Sees Strong Trading Volume

Shares of HUYA Inc. (NYSE:HUYA) saw unusually-high trading volume on Monday . Approximately 802,351 shares traded hands during mid-day trading, a decline of 45% from the previous session’s volume of 1,459,034 shares.The stock last traded at $4.45 and had previously closed at $4.40.

Analysts Set New Price Targets

Several research firms have recently issued reports on HUYA. JPMorgan Chase & Co. raised shares of HUYA from a “neutral” rating to an “overweight” rating and raised their price target for the company from $3.00 to $9.00 in a research note on Monday, May 20th. Morgan Stanley upgraded HUYA from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, May 15th. Finally, Citigroup raised HUYA from a “sell” rating to a “buy” rating and lifted their price objective for the stock from $2.40 to $6.00 in a research note on Wednesday, August 14th.

HUYA Stock Performance

The firm’s 50 day moving average price is $4.29 and its two-hundred day moving average price is $4.36. The company has a market cap of $1.03 billion, a P/E ratio of -44.00 and a beta of 0.56.

HUYA (NYSE:HUYA) last issued its earnings results on Tuesday, August 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.06 by $0.35. HUYA had a positive return on equity of 0.59% and a negative net margin of 2.67%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the business posted $0.05 EPS. The firm’s revenue for the quarter was down 16.1% compared to the same quarter last year. As a group, analysts forecast that HUYA Inc. will post 0.19 EPS for the current fiscal year.

HUYA Increases Dividend

The firm also recently announced a — dividend, which will be paid on Friday, October 25th. Stockholders of record on Wednesday, October 9th will be given a dividend of $1.06 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This is an increase from HUYA’s previous — dividend of $0.64.

Hedge Funds Weigh In On HUYA

Several large investors have recently added to or reduced their stakes in the business. BRIGHT VALLEY CAPITAL Ltd bought a new stake in shares of HUYA in the 4th quarter worth $16,189,000. Point72 Hong Kong Ltd boosted its holdings in HUYA by 2,008.2% during the fourth quarter. Point72 Hong Kong Ltd now owns 4,551,795 shares of the company’s stock worth $16,660,000 after purchasing an additional 4,335,884 shares during the last quarter. Maple Rock Capital Partners Inc. grew its position in HUYA by 125.2% in the 1st quarter. Maple Rock Capital Partners Inc. now owns 5,145,125 shares of the company’s stock worth $23,410,000 after purchasing an additional 2,860,000 shares in the last quarter. Acadian Asset Management LLC increased its stake in HUYA by 526.0% in the 2nd quarter. Acadian Asset Management LLC now owns 3,297,340 shares of the company’s stock valued at $13,011,000 after buying an additional 2,770,594 shares during the last quarter. Finally, Millennium Management LLC bought a new position in shares of HUYA during the 2nd quarter worth approximately $5,197,000. Institutional investors own 23.20% of the company’s stock.

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.