JPMorgan Chase & Co. increased its position in shares of HUYA Inc – (NYSE:HUYA) by 10.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 221,378 shares of the company’s stock after buying an additional 21,177 shares during the quarter. JPMorgan Chase & Co.’s holdings in HUYA were worth $6,228,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in HUYA. Daiwa Securities Group Inc. increased its holdings in HUYA by 44.1% in the 1st quarter. Daiwa Securities Group Inc. now owns 2,940 shares of the company’s stock valued at $83,000 after purchasing an additional 900 shares during the last quarter. Citigroup Inc. increased its holdings in HUYA by 932.5% in the 4th quarter. Citigroup Inc. now owns 8,033 shares of the company’s stock valued at $124,000 after purchasing an additional 7,255 shares during the last quarter. Blueshift Asset Management LLC acquired a new stake in HUYA in the 4th quarter valued at approximately $183,000. Bank of Montreal Can acquired a new stake in HUYA in the 1st quarter valued at approximately $184,000. Finally, Deutsche Bank AG acquired a new stake in HUYA in the 4th quarter valued at approximately $242,000. 15.92% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently weighed in on HUYA shares. Credit Suisse Group set a $29.00 target price on shares of HUYA and gave the company a “buy” rating in a report on Tuesday, March 5th. Tigress Financial initiated coverage on shares of HUYA in a research note on Friday, April 26th. They issued a “buy” rating for the company. UBS Group upgraded shares of HUYA from a “neutral” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Wednesday, May 8th. Jefferies Financial Group initiated coverage on shares of HUYA in a research note on Tuesday, May 14th. They issued a “buy” rating and a $28.00 price target for the company. Finally, JPMorgan Chase & Co. raised shares of HUYA from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $28.00 to $26.00 in a research report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. HUYA has a consensus rating of “Buy” and an average price target of $28.38.
HUYA stock opened at $23.30 on Friday. HUYA Inc – has a 12-month low of $14.44 and a 12-month high of $50.82. The firm has a market cap of $4.61 billion and a PE ratio of 233.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.22 and a quick ratio of 4.22.
HUYA (NYSE:HUYA) last announced its quarterly earnings results on Thursday, May 16th. The company reported $0.04 earnings per share for the quarter. The firm had revenue of $243.10 million during the quarter, compared to analysts’ expectations of $227.35 million. HUYA had a negative net margin of 35.91% and a positive return on equity of 4.60%. As a group, sell-side analysts forecast that HUYA Inc – will post 0.25 earnings per share for the current year.
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HUYA Inc, through 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 also provides advertising and online game-related services. As of December 31, 2017, its live streaming content covered approximately 2,600 games, including mobile, PC, and console games.
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