Headlands Technologies LLC Buys New Shares in HUYA Inc. (NYSE:HUYA)

Headlands Technologies LLC bought a new stake in HUYA Inc. (NYSE:HUYA) during the second quarter, HoldingsChannel reports. The firm bought 51,830 shares of the company’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors have also modified their holdings of HUYA. BNP Paribas Financial Markets increased its position in shares of HUYA by 21.1% in the fourth quarter. BNP Paribas Financial Markets now owns 99,826 shares of the company’s stock valued at $365,000 after acquiring an additional 17,426 shares during the last quarter. Point72 Hong Kong Ltd grew its holdings in HUYA by 2,008.2% during the fourth quarter. Point72 Hong Kong Ltd now owns 4,551,795 shares of the company’s stock worth $16,660,000 after purchasing an additional 4,335,884 shares during the period. BRIGHT VALLEY CAPITAL Ltd bought a new position in HUYA during the fourth quarter worth about $16,189,000. Wellington Management Group LLP grew its holdings in HUYA by 18.7% during the fourth quarter. Wellington Management Group LLP now owns 392,380 shares of the company’s stock worth $1,436,000 after purchasing an additional 61,888 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new position in HUYA during the first quarter worth about $222,000. Institutional investors and hedge funds own 23.20% of the company’s stock.

Analyst Upgrades and Downgrades

HUYA has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upgraded HUYA from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $3.00 to $9.00 in a report on Monday, May 20th. Citigroup upgraded HUYA from a “sell” rating to a “buy” rating and lifted their price target for the stock from $2.40 to $6.00 in a report on Wednesday, August 14th.

HUYA Stock Up 0.5 %

Shares of NYSE:HUYA opened at $3.97 on Friday. HUYA Inc. has a 12-month low of $2.43 and a 12-month high of $6.84. The stock has a market cap of $925.34 million, a PE ratio of -39.70 and a beta of 0.59. The business has a 50 day moving average of $4.25 and a 200-day moving average of $4.47.

HUYA (NYSE:HUYA) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.35. HUYA had a positive return on equity of 0.53% and a negative net margin of 2.69%. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the previous year, the company posted $0.05 earnings per share. The business’s revenue was down 16.1% on a year-over-year basis. Equities research analysts expect that HUYA Inc. will post 0.17 earnings per share for the current year.

HUYA Increases Dividend

The business also recently declared a — dividend, which will be paid on Friday, October 25th. Investors of record on Wednesday, October 9th will be paid a $1.06 dividend. This is a boost from HUYA’s previous — dividend of $0.64. The ex-dividend date is Wednesday, October 9th.

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.