Hsbc Global Res Downgrades HUYA (NYSE:HUYA) to Hold

HUYA (NYSE:HUYA) was downgraded by equities researchers at Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a research report issued on Friday, Zacks.com reports.

A number of other analysts have also recently weighed in on HUYA. HSBC reaffirmed a “hold” rating and set a $4.70 price objective on shares of HUYA in a research report on Friday. Citigroup raised HUYA from a “sell” rating to a “buy” rating and increased their price objective for the stock from $2.40 to $6.00 in a research report on Wednesday, August 14th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $6.38.

HUYA Stock Down 4.1 %

Shares of NYSE HUYA opened at $4.13 on Friday. The stock has a market cap of $961.47 million, a PE ratio of -41.25 and a beta of 0.60. HUYA has a 52-week low of $2.82 and a 52-week high of $6.84. The business has a 50-day moving average price of $4.47 and a 200 day moving average price of $4.55.

HUYA (NYSE:HUYA) last announced its earnings results on Tuesday, August 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.35. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.55 billion. HUYA had a positive return on equity of 0.53% and a negative net margin of 2.69%. The business’s revenue was down 16.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 EPS. Sell-side analysts anticipate that HUYA will post 0.17 earnings per share for the current year.

Hedge Funds Weigh In On HUYA

Large investors have recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of HUYA by 160.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 293,100 shares of the company’s stock worth $1,158,000 after buying an additional 180,600 shares in the last quarter. Mackenzie Financial Corp increased its stake in HUYA by 162.4% in the 2nd quarter. Mackenzie Financial Corp now owns 171,584 shares of the company’s stock valued at $678,000 after purchasing an additional 106,182 shares in the last quarter. Caxton Associates LP increased its stake in HUYA by 407.5% in the 2nd quarter. Caxton Associates LP now owns 411,811 shares of the company’s stock valued at $1,627,000 after purchasing an additional 330,659 shares in the last quarter. Acadian Asset Management LLC increased its stake in HUYA by 45.0% in the 1st quarter. Acadian Asset Management LLC now owns 526,746 shares of the company’s stock valued at $2,393,000 after purchasing an additional 163,406 shares in the last quarter. Finally, Polunin Capital Partners Ltd purchased a new position in HUYA in the 2nd quarter valued at approximately $5,166,000. 23.20% of the stock is owned by hedge funds and other institutional investors.

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.