State Street Corp Has $3.22 Million Stake in HUYA Inc. (NYSE:HUYA)

State Street Corp lowered its holdings in HUYA Inc. (NYSE:HUYA) by 0.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 630,586 shares of the company’s stock after selling 4,410 shares during the quarter. State Street Corp owned about 0.27% of HUYA worth $3,216,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in HUYA. Acadian Asset Management LLC lifted its position in HUYA by 526.0% during the 2nd quarter. Acadian Asset Management LLC now owns 3,297,340 shares of the company’s stock worth $13,011,000 after buying an additional 2,770,594 shares in the last quarter. FMR LLC raised its position in shares of HUYA by 236.8% during the third quarter. FMR LLC now owns 2,391,957 shares of the company’s stock worth $12,199,000 after acquiring an additional 1,681,800 shares during the last quarter. Millennium Management LLC bought a new stake in shares of HUYA during the second quarter worth $5,197,000. Dimensional Fund Advisors LP lifted its stake in shares of HUYA by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,066,613 shares of the company’s stock valued at $4,209,000 after acquiring an additional 21,338 shares during the period. Finally, Marshall Wace LLP boosted its holdings in HUYA by 177.6% in the second quarter. Marshall Wace LLP now owns 784,081 shares of the company’s stock valued at $3,097,000 after acquiring an additional 501,681 shares during the last quarter. Institutional investors own 23.20% of the company’s stock.

Wall Street Analysts Forecast Growth

HUYA has been the topic of a number of research reports. Citigroup cut their target price on shares of HUYA from $5.90 to $5.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. HSBC reaffirmed a “hold” rating and issued a $4.70 price objective on shares of HUYA in a research note on Friday, October 11th. Bank of America cut shares of HUYA from a “buy” rating to a “neutral” rating and dropped their target price for the company from $5.80 to $4.00 in a research report on Wednesday, November 6th. Finally, Hsbc Global Res lowered HUYA from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $5.68.

HUYA Stock Performance

Shares of HUYA opened at $2.98 on Tuesday. The stock has a 50 day simple moving average of $3.23 and a 200 day simple moving average of $3.95. HUYA Inc. has a 52-week low of $2.89 and a 52-week high of $6.84. The firm has a market capitalization of $694.59 million, a PE ratio of -33.11 and a beta of 0.60.

HUYA (NYSE:HUYA) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.30. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The firm’s revenue was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.05 earnings per share. Equities research analysts predict that HUYA Inc. will post 0.16 EPS for the current fiscal year.

HUYA 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.