HUYA (NYSE:HUYA) Trading Up 8.3% – Still a Buy?

HUYA Inc. (NYSE:HUYA)’s stock price traded up 8.3% during trading on Friday . The stock traded as high as $3.72 and last traded at $3.73. 2,428,533 shares traded hands during trading, an increase of 54% from the average session volume of 1,578,396 shares. The stock had previously closed at $3.44.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HUYA. HSBC reaffirmed a “hold” rating and issued a $4.70 price objective on shares of HUYA in a research note on Friday, October 11th. Hsbc Global Res lowered shares of HUYA from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Citigroup cut 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. Finally, Bank of America downgraded HUYA from a “buy” rating to a “neutral” rating and lowered their price target for the company from $5.80 to $4.00 in a report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, HUYA has an average rating of “Hold” and an average target price of $5.68.

HUYA Stock Up 10.3 %

The firm’s 50 day moving average price is $3.12 and its two-hundred day moving average price is $3.81. The firm has a market capitalization of $859.07 million, a PE ratio of -42.17 and a beta of 0.62.

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

Institutional Investors Weigh In On HUYA

A number of institutional investors have recently modified their holdings of HUYA. FMR LLC raised its stake in HUYA by 236.8% during the third quarter. FMR LLC now owns 2,391,957 shares of the company’s stock valued at $12,199,000 after buying an additional 1,681,800 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of HUYA during the 2nd quarter valued at approximately $5,197,000. Dimensional Fund Advisors LP lifted its stake in 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 purchasing an additional 21,338 shares during the last quarter. Marshall Wace LLP boosted its holdings in 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 purchasing an additional 501,681 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in HUYA in the second quarter worth $2,052,000. Institutional investors and hedge funds own 23.20% of the company’s stock.

About HUYA

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.