HUYA (NYSE:HUYA) Upgraded at Daiwa Capital Markets
Daiwa Capital Markets upgraded shares of HUYA (NYSE:HUYA) from a neutral rating to an outperform rating in a report issued on Monday morning, Benzinga reports. Daiwa Capital Markets currently has $30.00 target price on the stock.
Several other research firms have also issued reports on HUYA. JPMorgan Chase & Co. started coverage on shares of TransMedics Group in a report on Tuesday, May 28th. They set an overweight rating and a $34.00 price target for the company. Jefferies Financial Group set a €50.00 ($58.14) price target on shares of Lanxess and gave the stock a neutral rating in a report on Tuesday, May 14th. Bank of America initiated coverage on shares of HUYA in a report on Wednesday, May 29th. They set a buy rating and a $26.00 price target for the company. 86 Research upgraded shares of HUYA from a hold rating to a buy rating and set a $25.65 price objective for the company in a research note on Tuesday, July 2nd. Finally, Tigress Financial initiated coverage on shares of HUYA in a research note on Friday, April 26th. They issued a buy rating for the company. Eleven investment analysts have rated the stock with a buy rating, The stock has an average rating of Buy and an average price target of $28.27.
HUYA stock traded down $0.66 during mid-day trading on Monday, hitting $23.93. 1,906,708 shares of the stock were exchanged, compared to its average volume of 3,387,267. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.01. HUYA has a 12 month low of $14.44 and a 12 month high of $40.60. The firm’s fifty day moving average price is $23.42. The firm has a market capitalization of $4.87 billion, a PE ratio of 239.30 and a beta of 2.15.
Several large investors have recently added to or reduced their stakes in HUYA. First Trust Advisors LP acquired a new position in shares of HUYA during the fourth quarter valued at approximately $868,000. Citigroup Inc. increased its stake in shares of HUYA by 932.5% during the fourth quarter. Citigroup Inc. now owns 8,033 shares of the company’s stock valued at $124,000 after acquiring an additional 7,255 shares during the period. Blueshift Asset Management LLC acquired a new position in shares of HUYA during the fourth quarter valued at approximately $183,000. Nomura Asset Management Co. Ltd. increased its stake in shares of HUYA by 226.8% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 31,700 shares of the company’s stock valued at $491,000 after acquiring an additional 22,000 shares during the period. Finally, Barclays PLC acquired a new position in shares of HUYA during the fourth quarter valued at approximately $793,000. Institutional investors own 15.89% of the company’s stock.
HUYA Company Profile
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.
Featured Article: Trading Ex-Dividend Strategy
Receive News & Ratings for HUYA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HUYA and related companies with MarketBeat.com's FREE daily email newsletter.