HUYA (NYSE:HUYA) Shares Gap Up – Still a Buy?

HUYA Inc. (NYSE:HUYA)’s share price gapped up prior to trading on Friday . The stock had previously closed at $3.21, but opened at $3.31. HUYA shares last traded at $3.23, with a volume of 651,014 shares traded.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HUYA. Daiwa America lowered HUYA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 18th. Daiwa Capital Markets lowered HUYA from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 18th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $5.68.

HUYA Stock Up 0.0 %

The company’s 50-day simple moving average is $3.72 and its 200 day simple moving average is $3.67. The stock has a market capitalization of $726.88 million, a price-to-earnings ratio of -35.68 and a beta of 0.72.

HUYA (NYSE:HUYA) last released its quarterly earnings results on Tuesday, March 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the company posted $0.48 EPS. The business’s revenue was down 2.2% compared to the same quarter last year. On average, equities analysts expect that HUYA Inc. will post 0.16 earnings per share for the current fiscal year.

HUYA Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be issued a dividend of $1.47 per share. The ex-dividend date is Tuesday, June 17th. This represents a yield of 42.55%. HUYA’s dividend payout ratio (DPR) is presently -4,900.00%.

Hedge Funds Weigh In On HUYA

Institutional investors have recently modified their holdings of the company. Amiral Gestion acquired a new position in HUYA in the 4th quarter valued at $307,000. Formidable Asset Management LLC boosted its holdings in HUYA by 7.2% during the fourth quarter. Formidable Asset Management LLC now owns 108,000 shares of the company’s stock valued at $332,000 after acquiring an additional 7,300 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in HUYA by 2.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 142,865 shares of the company’s stock valued at $439,000 after acquiring an additional 3,545 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of HUYA in the fourth quarter valued at about $516,000. Finally, D. E. Shaw & Co. Inc. increased its stake in shares of HUYA by 10.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 268,482 shares of the company’s stock worth $824,000 after purchasing an additional 25,521 shares during the period. 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.