HUYA Inc. Sponsored ADR (NYSE:HUYA) Receives $4.57 Consensus Target Price from Brokerages

HUYA Inc. Sponsored ADR (NYSE:HUYA) has received a consensus recommendation of “Hold” from the seven research firms that are covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $4.5667.

Separately, Zacks Research upgraded HUYA to a “hold” rating in a research note on Monday, September 8th.

Hedge Funds Weigh In On HUYA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC grew its position in HUYA by 0.9% during the first quarter. Acadian Asset Management LLC now owns 3,067,145 shares of the company’s stock worth $9,835,000 after buying an additional 27,582 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of HUYA by 35.3% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,025,897 shares of the company’s stock worth $3,293,000 after buying an additional 267,616 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of HUYA by 19.7% in the 4th quarter. Bank of America Corp DE now owns 995,747 shares of the company’s stock worth $3,057,000 after buying an additional 164,112 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of HUYA in the 1st quarter worth about $1,264,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of HUYA by 44.7% in the 4th quarter. BNP Paribas Financial Markets now owns 295,933 shares of the company’s stock worth $909,000 after purchasing an additional 91,387 shares in the last quarter. 23.20% of the stock is currently owned by hedge funds and other institutional investors.

HUYA Price Performance

Shares of NYSE HUYA opened at $3.51 on Wednesday. HUYA has a one year low of $2.21 and a one year high of $6.43. The business’s fifty day moving average price is $3.31 and its 200-day moving average price is $3.50. The stock has a market capitalization of $780.45 million, a PE ratio of -39.00 and a beta of 0.76.

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.