Pictet Asset Management SA decreased its stake in shares of HUYA Inc. (NYSE:HUYA – Get Rating) by 48.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,600 shares of the company’s stock after selling 13,900 shares during the period. Pictet Asset Management SA’s holdings in HUYA were worth $57,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of HUYA. UBS Group AG increased its position in HUYA by 2,307.4% during the first quarter. UBS Group AG now owns 3,373,978 shares of the company’s stock worth $15,082,000 after purchasing an additional 3,233,828 shares during the last quarter. Renaissance Technologies LLC increased its position in HUYA by 142.4% during the first quarter. Renaissance Technologies LLC now owns 2,127,865 shares of the company’s stock worth $9,512,000 after purchasing an additional 1,250,065 shares during the last quarter. Twenty Acre Capital LP purchased a new stake in HUYA during the first quarter worth approximately $4,177,000. Dimensional Fund Advisors LP grew its stake in HUYA by 34.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,044,871 shares of the company’s stock worth $4,678,000 after buying an additional 269,312 shares during the period. Finally, Quinn Opportunity Partners LLC grew its stake in HUYA by 67.3% during the first quarter. Quinn Opportunity Partners LLC now owns 551,591 shares of the company’s stock worth $2,466,000 after buying an additional 221,841 shares during the period. Institutional investors and hedge funds own 23.39% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. Citigroup downgraded shares of HUYA from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $4.00 to $3.00 in a research note on Wednesday, November 16th. TheStreet downgraded shares of HUYA from a “c-” rating to a “d+” rating in a research note on Tuesday, September 6th. Finally, UBS Group downgraded shares of HUYA from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $27.00 to $2.90 in a research note on Thursday, September 29th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $4.66.
HUYA Trading Up 2.2 %
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's live streaming content also covers other entertainment content, such as talent shows, anime, outdoor activities, live chats, online theatre, and other genres.
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