E Fund Management Hong Kong Co. Ltd. Makes New $371,000 Investment in HUYA Inc. (NYSE:HUYA)

E Fund Management Hong Kong Co. Ltd. purchased a new stake in HUYA Inc. (NYSE:HUYA) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 120,757 shares of the company’s stock, valued at approximately $371,000. HUYA accounts for about 0.3% of E Fund Management Hong Kong Co. Ltd.’s portfolio, making the stock its 25th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in HUYA. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in HUYA by 160.5% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 293,100 shares of the company’s stock valued at $1,158,000 after purchasing an additional 180,600 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of HUYA by 162.4% during the second quarter. Mackenzie Financial Corp now owns 171,584 shares of the company’s stock worth $678,000 after buying an additional 106,182 shares during the period. Millennium Management LLC acquired a new stake in shares of HUYA in the second quarter valued at $5,197,000. FMR LLC grew its stake in shares of HUYA by 236.8% in 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. Finally, Marshall Wace LLP raised its holdings in shares of HUYA by 177.6% in the 2nd quarter. Marshall Wace LLP now owns 784,081 shares of the company’s stock valued at $3,097,000 after buying an additional 501,681 shares during the period. 23.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

HUYA Stock Performance

Shares of HUYA opened at $3.80 on Monday. HUYA Inc. has a 1 year low of $2.82 and a 1 year high of $6.84. The stock has a market capitalization of $859.07 million, a PE ratio of -42.17 and a beta of 0.62. The stock has a 50-day simple moving average of $3.14 and a 200-day simple moving average of $3.79.

HUYA (NYSE:HUYA) last issued its earnings results on Tuesday, November 12th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.53 billion. During the same quarter last year, the company earned $0.05 earnings per share. The firm’s revenue was down 7.6% compared to the same quarter last year. Analysts predict that HUYA Inc. will post 0.16 EPS for the current year.

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.