Seldon Capital LP Acquires New Stake in HUYA Inc. (NYSE:HUYA)

Seldon Capital LP bought a new stake in shares of HUYA Inc. (NYSE:HUYA) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,001 shares of the company’s stock, valued at approximately $51,000.

Several other institutional investors also recently bought and sold shares of the company. BRIGHT VALLEY CAPITAL Ltd increased its position in shares of HUYA by 1.9% during the first quarter. BRIGHT VALLEY CAPITAL Ltd now owns 4,505,355 shares of the company’s stock worth $20,499,000 after acquiring an additional 82,214 shares during the period. Acadian Asset Management LLC increased its holdings in HUYA by 526.0% during the 2nd quarter. Acadian Asset Management LLC now owns 3,297,340 shares of the company’s stock worth $13,011,000 after purchasing an additional 2,770,594 shares during the period. Millennium Management LLC acquired a new stake in HUYA in the 2nd quarter valued at about $5,197,000. Polunin Capital Partners Ltd purchased a new position in shares of HUYA in the 2nd quarter valued at about $5,166,000. Finally, Dimensional Fund Advisors LP grew its position in shares of HUYA by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,066,613 shares of the company’s stock worth $4,209,000 after buying an additional 21,338 shares in the last quarter. 23.20% of the stock is owned by institutional investors and hedge funds.

HUYA Price Performance

Shares of HUYA stock opened at $2.99 on Friday. The firm’s fifty day simple moving average is $3.96 and its 200-day simple moving average is $4.29. HUYA Inc. has a 12 month low of $2.89 and a 12 month high of $6.84. The stock has a market capitalization of $696.91 million, a price-to-earnings ratio of -33.22 and a beta of 0.62.

HUYA (NYSE:HUYA) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.30. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period in the previous year, the business posted $0.05 earnings per share. HUYA’s quarterly revenue was down 7.6% on a year-over-year basis. Analysts anticipate that HUYA Inc. will post 0.16 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. HSBC reiterated a “hold” rating and set a $4.70 price target on shares of HUYA in a report on Friday, October 11th. Citigroup lowered their target price on shares of HUYA from $5.90 to $5.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Bank of America cut HUYA from a “buy” rating to a “neutral” rating and cut their price target for the company from $5.80 to $4.00 in a research note on Wednesday, November 6th. Finally, Hsbc Global Res cut HUYA from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, HUYA presently has a consensus rating of “Hold” and a consensus target price of $5.68.

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.