HUYA Inc. (NYSE:HUYA) Stock Position Lowered by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lessened its position in HUYA Inc. (NYSE:HUYA) by 91.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,301 shares of the company’s stock after selling 158,470 shares during the quarter. Asset Management One Co. Ltd.’s holdings in HUYA were worth $44,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. WCM Investment Management LLC lifted its position in shares of HUYA by 4,396.5% in the 4th quarter. WCM Investment Management LLC now owns 2,854,171 shares of the company’s stock valued at $8,505,000 after acquiring an additional 2,790,696 shares in the last quarter. FMR LLC lifted its position in shares of HUYA by 236.8% in the 3rd quarter. FMR LLC now owns 2,391,957 shares of the company’s stock valued at $12,199,000 after acquiring an additional 1,681,800 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of HUYA by 146.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 455,293 shares of the company’s stock valued at $2,322,000 after acquiring an additional 270,701 shares in the last quarter. GSA Capital Partners LLP lifted its position in shares of HUYA by 71.1% in the 3rd quarter. GSA Capital Partners LLP now owns 406,612 shares of the company’s stock valued at $2,074,000 after acquiring an additional 168,926 shares in the last quarter. Finally, Main Management ETF Advisors LLC purchased a new stake in HUYA in the 3rd quarter worth approximately $1,017,000. Hedge funds and other institutional investors own 23.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Bank of America downgraded shares of HUYA from a “buy” rating to a “neutral” rating and cut their target price for the stock from $5.80 to $4.00 in a research report on Wednesday, November 6th. Citigroup cut their target price on shares of HUYA from $5.90 to $5.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $5.68.

HUYA Stock Up 2.2 %

Shares of HUYA opened at $3.95 on Friday. The company’s fifty day moving average is $3.37 and its 200-day moving average is $3.73. HUYA Inc. has a 12 month low of $2.82 and a 12 month high of $6.84. The firm has a market cap of $893.03 million, a price-to-earnings ratio of -43.83 and a beta of 0.63.

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.