TB Alternative Assets Ltd. Acquires Shares of 14,400 HUYA Inc – (NYSE:HUYA)
TB Alternative Assets Ltd. acquired a new stake in HUYA Inc – (NYSE:HUYA) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 14,400 shares of the company’s stock, valued at approximately $340,000. HUYA accounts for 0.1% of TB Alternative Assets Ltd.’s holdings, making the stock its 28th biggest position.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Morgan Stanley grew its holdings in HUYA by 2,989.9% in the second quarter. Morgan Stanley now owns 4,797,928 shares of the company’s stock valued at $118,557,000 after purchasing an additional 4,642,652 shares during the period. Sylebra Capital Ltd grew its holdings in HUYA by 2.9% in the second quarter. Sylebra Capital Ltd now owns 2,918,969 shares of the company’s stock valued at $72,128,000 after purchasing an additional 82,102 shares during the period. Janus Henderson Group PLC acquired a new stake in HUYA in the second quarter valued at approximately $34,971,000. Nuveen Asset Management LLC acquired a new stake in HUYA in the second quarter valued at approximately $26,266,000. Finally, TimesSquare Capital Management LLC acquired a new stake in HUYA in the second quarter valued at approximately $25,078,000. 21.20% of the stock is currently owned by institutional investors.
Shares of NYSE:HUYA traded down $0.64 during trading on Thursday, reaching $23.41. The stock had a trading volume of 1,076,817 shares, compared to its average volume of 2,702,342. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.83 and a current ratio of 4.83. The business has a fifty day moving average price of $24.23 and a 200-day moving average price of $23.34. The stock has a market cap of $5.25 billion, a PE ratio of 234.10 and a beta of 1.99. HUYA Inc – has a 1-year low of $14.44 and a 1-year high of $30.00.
HUYA has been the topic of several research analyst reports. ValuEngine lowered HUYA from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. Daiwa Capital Markets raised HUYA from a “neutral” rating to an “outperform” rating and set a $30.00 price objective on the stock in a report on Monday, July 8th. Jefferies Financial Group initiated coverage on HUYA in a report on Monday, August 5th. They issued a “buy” rating and a $26.80 price objective on the stock. HSBC initiated coverage on HUYA in a report on Monday, September 16th. They issued a “buy” rating on the stock. Finally, 86 Research raised HUYA from a “hold” rating to a “buy” rating and set a $25.65 price objective on the stock in a report on Tuesday, July 2nd. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. HUYA currently has a consensus rating of “Buy” and a consensus price target of $27.55.
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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