HUYA Inc. (NYSE:HUYA) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its stake in shares of HUYA Inc. (NYSE:HUYA) by 21.4% in the third quarter, HoldingsChannel.com reports. The fund owned 443,660 shares of the company’s stock after selling 120,807 shares during the period. JPMorgan Chase & Co.’s holdings in HUYA were worth $2,263,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio acquired a new position in HUYA during the third quarter worth $711,000. Main Management ETF Advisors LLC acquired a new position in HUYA during the third quarter worth $1,017,000. XTX Topco Ltd acquired a new position in HUYA during the third quarter worth $90,000. Wellington Management Group LLP raised its position in shares of HUYA by 11.9% in the third quarter. Wellington Management Group LLP now owns 103,852 shares of the company’s stock valued at $530,000 after buying an additional 11,054 shares during the last quarter. Finally, Athos Capital Ltd raised its position in shares of HUYA by 9.5% in the third quarter. Athos Capital Ltd now owns 127,346 shares of the company’s stock valued at $649,000 after buying an additional 11,000 shares during the last quarter. 23.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

HUYA Trading Up 5.7 %

HUYA stock opened at $3.49 on Wednesday. HUYA Inc. has a 12-month low of $2.82 and a 12-month high of $6.84. The stock has a market cap of $789.36 million, a P/E ratio of -38.74 and a beta of 0.62. The company has a 50-day moving average price of $3.11 and a 200 day moving average price of $3.81.

HUYA (NYSE:HUYA) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.34 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period last year, the business earned $0.05 earnings per share. HUYA’s revenue was down 7.6% compared to the same quarter last year. As a group, analysts forecast that HUYA Inc. will post 0.16 EPS for the current year.

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.