HUYA (NYSE:HUYA) Shares Up 6.7% – Here’s What Happened

HUYA Inc. Sponsored ADR (NYSE:HUYA)’s stock price rose 6.7% on Friday . The stock traded as high as $3.50 and last traded at $3.4470. Approximately 501,208 shares were traded during trading, a decline of 79% from the average daily volume of 2,337,434 shares. The stock had previously closed at $3.23.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HUYA. Zacks Research upgraded HUYA from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Morgan Stanley set a $3.40 price target on shares of HUYA in a research report on Wednesday, February 25th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of HUYA in a report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, HUYA currently has a consensus rating of “Moderate Buy” and an average target price of $3.45.

HUYA Price Performance

The stock has a market cap of $762.95 million, a price-to-earnings ratio of -37.94 and a beta of 0.89. The business has a fifty day moving average of $3.83 and a 200 day moving average of $3.34.

Institutional Investors Weigh In On HUYA

Large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio raised its holdings in HUYA by 8.6% during the third quarter. Public Employees Retirement System of Ohio now owns 245,295 shares of the company’s stock valued at $817,000 after buying an additional 19,353 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of HUYA by 10.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company’s stock worth $497,000 after acquiring an additional 14,456 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of HUYA by 92.1% during the 3rd quarter. SG Americas Securities LLC now owns 85,796 shares of the company’s stock worth $286,000 after acquiring an additional 41,138 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its holdings in HUYA by 327.0% during the second quarter. Loomis Sayles & Co. L P now owns 10,273 shares of the company’s stock valued at $36,000 after purchasing an additional 7,867 shares during the last quarter. 23.20% of the stock is currently owned by institutional investors.

About HUYA

HUYA Inc is a leading interactive live streaming platform based in Guangzhou, China, primarily focused on video game and esports content. The company operates a proprietary technology platform that enables users to broadcast and view live gameplay, participate in real-time chat, and engage with hosts through virtual gifting. Its services are accessible via web browsers, desktop applications and mobile apps for both iOS and Android.

At the core of HUYA’s business are user-generated live streams hosted by professional gamers, influencers and esports organizations.