HUYA (HUYA) Shares Gap Down to $20.05
HUYA Inc – (NYSE:HUYA)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $19.30, but opened at $20.05. HUYA shares last traded at $20.44, with a volume of 3301925 shares trading hands.
HUYA has been the topic of several recent analyst reports. Credit Suisse Group set a $29.00 target price on HUYA and gave the company a “buy” rating in a report on Tuesday, March 5th. Tigress Financial initiated coverage on HUYA in a report on Friday, April 26th. They issued a “buy” rating on the stock. UBS Group raised HUYA from a “neutral” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Wednesday, May 8th. Finally, Jefferies Financial Group initiated coverage on HUYA in a report on Tuesday. They issued a “buy” rating and a $28.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $30.86.
The company has a market cap of $4.04 billion and a PE ratio of 167.08.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HUYA. FMR LLC boosted its stake in HUYA by 458.0% in the fourth quarter. FMR LLC now owns 3,259,784 shares of the company’s stock valued at $50,461,000 after acquiring an additional 2,675,580 shares in the last quarter. Sylebra HK Co Ltd boosted its stake in HUYA by 83.2% in the first quarter. Sylebra HK Co Ltd now owns 2,836,867 shares of the company’s stock valued at $79,801,000 after acquiring an additional 1,288,518 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in HUYA in the first quarter valued at $31,815,000. Platinum Investment Management Ltd. acquired a new position in HUYA in the first quarter valued at $20,352,000. Finally, AO Asset Management LP acquired a new position in HUYA in the first quarter valued at $10,445,000. Institutional investors own 12.47% of the company’s stock.
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About HUYA (NYSE:HUYA)
HUYA Inc, through 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 also provides advertising and online game-related services. As of December 31, 2017, its live streaming content covered approximately 2,600 games, including mobile, PC, and console games.
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