JPMorgan Chase & Co. Sells 120,807 Shares of HUYA Inc. (NYSE:HUYA)

JPMorgan Chase & Co. lessened its position in shares of HUYA Inc. (NYSE:HUYA) by 21.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 443,660 shares of the company’s stock after selling 120,807 shares during the quarter. JPMorgan Chase & Co. owned about 0.19% of HUYA worth $2,263,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of HUYA. FMR LLC increased its stake in HUYA by 236.8% during the 3rd quarter. FMR LLC now owns 2,391,957 shares of the company’s stock valued at $12,199,000 after purchasing an additional 1,681,800 shares in the last quarter. Millennium Management LLC acquired a new position in HUYA during the 2nd quarter valued at approximately $5,197,000. Canada Pension Plan Investment Board acquired a new position in HUYA during the 2nd quarter valued at approximately $2,052,000. Marshall Wace LLP increased its stake in HUYA by 177.6% during the 2nd quarter. Marshall Wace LLP now owns 784,081 shares of the company’s stock valued at $3,097,000 after purchasing an additional 501,681 shares in the last quarter. Finally, Caxton Associates LP increased its stake in HUYA by 407.5% during the 2nd quarter. Caxton Associates LP now owns 411,811 shares of the company’s stock valued at $1,627,000 after purchasing an additional 330,659 shares in the last quarter. Institutional investors own 23.20% of the company’s stock.

HUYA Stock Performance

Shares of NYSE HUYA opened at $3.49 on Wednesday. The company’s fifty day moving average price is $3.11 and its 200 day moving average price is $3.81. HUYA Inc. has a 1 year low of $2.82 and a 1 year high of $6.84. The company has a market capitalization of $789.36 million, a PE ratio of -38.74 and a beta of 0.62.

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

Wall Street Analysts Forecast Growth

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

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.