HUYA Inc. (NYSE:HUYA) Given Consensus Recommendation of “Hold” by Brokerages

HUYA Inc. (NYSE:HUYA) has been given an average recommendation of “Hold” by the seven analysts that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $5.68.

Separately, Daiwa Capital Markets downgraded HUYA from an “outperform” rating to a “neutral” rating in a research report on Tuesday.

HUYA Stock Down 18.4 %

Shares of NYSE HUYA traded down $0.84 during midday trading on Tuesday, hitting $3.71. The stock had a trading volume of 8,980,613 shares, compared to its average volume of 1,537,291. The company has a market capitalization of $838.71 million, a PE ratio of -41.17 and a beta of 0.72. The stock has a 50 day simple moving average of $3.68 and a 200-day simple moving average of $3.69. HUYA has a 1 year low of $2.82 and a 1 year high of $6.84.

Institutional Investors Weigh In On HUYA

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio increased its holdings in shares of HUYA by 2.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 142,865 shares of the company’s stock valued at $439,000 after purchasing an additional 3,545 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of HUYA by 18.9% in the third quarter. Quantbot Technologies LP now owns 23,224 shares of the company’s stock valued at $118,000 after purchasing an additional 3,685 shares during the last quarter. Smith Anglin Financial LLC increased its holdings in shares of HUYA by 27.9% in the fourth quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company’s stock valued at $56,000 after purchasing an additional 4,002 shares during the last quarter. Formidable Asset Management LLC increased its holdings in shares of HUYA by 7.2% in the fourth quarter. Formidable Asset Management LLC now owns 108,000 shares of the company’s stock valued at $332,000 after purchasing an additional 7,300 shares during the last quarter. Finally, Seldon Capital LP acquired a new stake in shares of HUYA in the third quarter valued at approximately $51,000. Institutional investors and hedge funds 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.