Commonwealth Equity Services LLC Buys New Holdings in HUYA Inc. (NYSE:HUYA)

Commonwealth Equity Services LLC bought a new stake in HUYA Inc. (NYSE:HUYA) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 73,694 shares of the company’s stock, valued at approximately $291,000.

Several other hedge funds have also bought and sold shares of HUYA. Point72 Hong Kong Ltd lifted its position 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 acquiring an additional 4,335,884 shares during the last quarter. Acadian Asset Management LLC lifted its position in HUYA by 45.0% during the first quarter. Acadian Asset Management LLC now owns 526,746 shares of the company’s stock worth $2,393,000 after acquiring an additional 163,406 shares during the last quarter. Polunin Capital Partners Ltd acquired a new stake in HUYA during the second quarter worth approximately $5,166,000. BNP Paribas Financial Markets lifted its position in HUYA by 21.1% during the fourth quarter. BNP Paribas Financial Markets now owns 99,826 shares of the company’s stock worth $365,000 after acquiring an additional 17,426 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position 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 acquiring an additional 61,888 shares during the last quarter. 23.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Citigroup raised shares of HUYA from a “sell” rating to a “buy” rating and raised their target price for the stock from $2.40 to $6.00 in a report on Wednesday, August 14th.

HUYA Price Performance

Shares of NYSE:HUYA opened at $4.66 on Wednesday. The company’s 50 day simple moving average is $4.22 and its 200 day simple moving average is $4.50. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -46.55 and a beta of 0.59. HUYA Inc. has a 1 year low of $2.65 and a 1 year high of $6.84.

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

HUYA Increases Dividend

The firm also recently declared a — dividend, which will be paid on Friday, October 25th. Stockholders of record on Wednesday, October 9th will be issued a dividend of $1.06 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This is a positive change from HUYA’s previous — dividend of $0.64.

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.