Traders Purchase High Volume of HUYA Call Options (NYSE:HUYA)

HUYA Inc. (NYSE:HUYA) saw some unusual options trading activity on Friday. Stock investors purchased 10,117 call options on the company. This is an increase of 704% compared to the typical volume of 1,259 call options.

Analyst Ratings Changes

Separately, Bank of America upgraded shares of HUYA from a “neutral” rating to a “buy” rating and set a $5.80 price target on the stock in a research report on Monday, March 25th.

Institutional Trading of HUYA

A number of hedge funds have recently bought and sold shares of the company. Morgan Stanley boosted its position in HUYA by 2.9% during the fourth quarter. Morgan Stanley now owns 15,101,726 shares of the company’s stock worth $59,652,000 after acquiring an additional 418,885 shares during the last quarter. Nuveen Asset Management LLC grew its stake in shares of HUYA by 14.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 9,754,986 shares of the company’s stock valued at $34,923,000 after buying an additional 1,220,158 shares during the period. Point72 Hong Kong Ltd grew its stake in shares of HUYA by 2,008.2% during the 4th quarter. Point72 Hong Kong Ltd now owns 4,551,795 shares of the company’s stock valued at $16,660,000 after buying an additional 4,335,884 shares during the period. BRIGHT VALLEY CAPITAL Ltd purchased a new stake in shares of HUYA during the 4th quarter valued at $16,189,000. Finally, UBS Group AG grew its stake in shares of HUYA by 2,307.4% during the 1st quarter. UBS Group AG now owns 3,373,978 shares of the company’s stock valued at $15,082,000 after buying an additional 3,233,828 shares during the period. Institutional investors and hedge funds own 23.20% of the company’s stock.

HUYA Price Performance

HUYA stock opened at $4.40 on Friday. The company’s 50 day simple moving average is $4.16 and its 200-day simple moving average is $3.62. The firm has a market capitalization of $1.05 billion, a PE ratio of -40.00 and a beta of 0.59. HUYA has a 12 month low of $2.15 and a 12 month high of $5.30.

HUYA (NYSE:HUYA) last released its quarterly earnings results on Tuesday, March 19th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.02). The business had revenue of $215.47 million during the quarter, compared to analyst estimates of $206.51 million. HUYA had a negative net margin of 2.80% and a positive return on equity of 0.30%. As a group, sell-side analysts anticipate that HUYA will post 0.11 earnings per share for the current year.

HUYA Dividend Announcement

The company also recently announced a — dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given a dividend of $0.64 per share. The ex-dividend date is Thursday, May 9th.

HUYA Company Profile

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.