HUYA (NYSE:HUYA) Shares Down 5.3% – Here’s Why

Shares of HUYA Inc. Sponsored ADR (NYSE:HUYA) fell 5.3% during trading on Friday . The stock traded as low as $3.23 and last traded at $3.2750. 512,936 shares changed hands during trading, a decline of 76% from the average session volume of 2,124,344 shares. The stock had previously closed at $3.46.

Analyst Ratings Changes

HUYA has been the topic of a number of research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of HUYA in a research report on Monday, December 29th. HSBC raised shares of HUYA from a “hold” rating to a “buy” rating and set a $3.50 price target for the company in a research note on Wednesday, November 5th. Finally, Hsbc Global Res raised shares of HUYA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $3.50.

HUYA Stock Performance

The firm has a market capitalization of $747.31 million, a P/E ratio of -37.16 and a beta of 0.80. The firm has a 50 day simple moving average of $3.08 and a two-hundred day simple moving average of $3.16.

HUYA (NYSE:HUYA) last announced its earnings results on Wednesday, November 12th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. HUYA had a negative net margin of 2.63% and a positive return on equity of 0.73%. The company had revenue of $215.93 million during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. Sell-side analysts anticipate that HUYA Inc. Sponsored ADR will post 0.16 earnings per share for the current year.

Hedge Funds Weigh In On HUYA

Hedge funds and other institutional investors have recently modified their holdings of the business. Loomis Sayles & Co. L P increased its position in shares of HUYA by 327.0% during the second quarter. Loomis Sayles & Co. L P now owns 10,273 shares of the company’s stock valued at $36,000 after acquiring an additional 7,867 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in HUYA by 10.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company’s stock valued at $497,000 after purchasing an additional 14,456 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of HUYA by 8.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 245,295 shares of the company’s stock valued at $817,000 after purchasing an additional 19,353 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of HUYA by 92.1% during the 3rd quarter. SG Americas Securities LLC now owns 85,796 shares of the company’s stock worth $286,000 after purchasing an additional 41,138 shares during the period. Hedge funds and other institutional investors own 23.20% of the company’s stock.

About HUYA

HUYA Inc is a leading interactive live streaming platform based in Guangzhou, China, primarily focused on video game and esports content. The company operates a proprietary technology platform that enables users to broadcast and view live gameplay, participate in real-time chat, and engage with hosts through virtual gifting. Its services are accessible via web browsers, desktop applications and mobile apps for both iOS and Android.

At the core of HUYA’s business are user-generated live streams hosted by professional gamers, influencers and esports organizations.