State Street Corp Grows Stock Position in DouYu International Holdings Limited (NASDAQ:DOYU)

State Street Corp increased its position in shares of DouYu International Holdings Limited (NASDAQ:DOYU) by 78.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,528 shares of the company’s stock after purchasing an additional 12,940 shares during the quarter. State Street Corp owned approximately 0.09% of DouYu International worth $320,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in shares of DouYu International in the second quarter valued at about $30,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in DouYu International in the 3rd quarter valued at about $42,000. BNP Paribas Financial Markets lifted its stake in DouYu International by 61.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,616 shares of the company’s stock worth $137,000 after purchasing an additional 4,800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of DouYu International by 88.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,402 shares of the company’s stock worth $145,000 after purchasing an additional 6,302 shares during the last quarter. Finally, Athos Capital Ltd grew its position in shares of DouYu International by 9.3% in the third quarter. Athos Capital Ltd now owns 19,925 shares of the company’s stock valued at $216,000 after purchasing an additional 1,700 shares in the last quarter. 17.86% of the stock is owned by institutional investors and hedge funds.

DouYu International Stock Down 1.1 %

DOYU stock opened at $11.05 on Friday. DouYu International Holdings Limited has a 52-week low of $6.29 and a 52-week high of $20.17. The stock has a market cap of $349.58 million, a price-to-earnings ratio of -12.56 and a beta of 0.97. The business has a fifty day moving average of $11.06 and a two-hundred day moving average of $12.53.

Wall Street Analysts Forecast Growth

DOYU has been the topic of a number of recent research reports. Hsbc Global Res lowered DouYu International from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, September 24th. HSBC lowered shares of DouYu International from a “hold” rating to a “reduce” rating in a report on Tuesday, September 24th.

DouYu International Company Profile

DouYu International Holdings Limited, together with its subsidiaries, operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming services in the People’s Republic of China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.