HUYA (NYSE:HUYA) Shares Down 4.2% – Here’s Why

HUYA Inc. (NYSE:HUYA) shares were down 4.2% during trading on Friday . The stock traded as low as $3.63 and last traded at $3.58. Approximately 53,455 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 1,442,247 shares. The stock had previously closed at $3.73.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Bank of America cut shares of HUYA from a “buy” rating to a “neutral” rating and lowered their target price for the company from $5.80 to $4.00 in a report on Wednesday, November 6th. HSBC reissued a “hold” rating and issued a $4.70 price target on shares of HUYA in a report on Friday, October 11th. Hsbc Global Res lowered shares of HUYA from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Finally, Citigroup lowered their target price on shares of HUYA from $5.90 to $5.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, HUYA presently has an average rating of “Hold” and an average price target of $5.68.

HUYA Stock Down 5.5 %

The company’s 50-day moving average is $3.18 and its two-hundred day moving average is $3.78. The company has a market capitalization of $797.95 million, a P/E ratio of -39.06 and a beta of 0.62.

HUYA (NYSE:HUYA) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.34 EPS for the quarter, topping 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 firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the firm earned $0.05 EPS. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. On average, sell-side analysts predict that HUYA Inc. will post 0.16 EPS for the current year.

Institutional Investors Weigh In On HUYA

A number of hedge funds have recently made changes to their positions in HUYA. Dimensional Fund Advisors LP grew its holdings in shares of HUYA by 2.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,066,613 shares of the company’s stock valued at $4,209,000 after purchasing an additional 21,338 shares during the last quarter. Sei Investments Co. grew its stake in shares of HUYA by 432.5% during the second quarter. Sei Investments Co. now owns 77,261 shares of the company’s stock valued at $305,000 after buying an additional 62,753 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of HUYA by 177.6% in the second quarter. Marshall Wace LLP now owns 784,081 shares of the company’s stock worth $3,097,000 after buying an additional 501,681 shares during the period. Millennium Management LLC bought a new stake in shares of HUYA in the 2nd quarter valued at about $5,197,000. Finally, Mackenzie Financial Corp lifted its stake in shares of 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 acquiring an additional 106,182 shares during the last quarter. 23.20% of the stock is currently owned by 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.