HUYA (NYSE:HUYA) Stock Price Up 3.5%

HUYA Inc. (NYSE:HUYA)’s stock price was up 3.5% during mid-day trading on Friday . The company traded as high as $4.43 and last traded at $4.43. Approximately 254,556 shares were traded during trading, a decline of 82% from the average daily volume of 1,418,126 shares. The stock had previously closed at $4.28.

Analysts Set New Price Targets

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

HUYA Stock Up 0.9 %

The company has a market cap of $1.01 billion, a PE ratio of -42.75 and a beta of 0.59. The firm has a fifty day simple moving average of $4.21 and a 200-day simple moving average of $4.48.

HUYA (NYSE:HUYA) last announced its earnings results on Tuesday, August 13th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.35. The business 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 quarterly revenue was down 16.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.05 EPS. Equities research analysts forecast that HUYA Inc. will post 0.17 earnings per share for the current fiscal year.

HUYA Increases Dividend

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

Institutional Trading of HUYA

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bayesian Capital Management LP increased its position in HUYA by 22.0% during the first quarter. Bayesian Capital Management LP now owns 19,374 shares of the company’s stock worth $88,000 after buying an additional 3,500 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of HUYA during the second quarter worth about $205,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of HUYA in the first quarter valued at approximately $222,000. Commonwealth Equity Services LLC purchased a new position in shares of HUYA during the second quarter valued at approximately $291,000. Finally, Sei Investments Co. lifted its stake in shares of HUYA by 432.5% during the second quarter. Sei Investments Co. now owns 77,261 shares of the company’s stock valued at $305,000 after buying an additional 62,753 shares during the period. Hedge funds and other institutional investors own 23.20% of the company’s stock.

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.