Brokerages Set HUYA Inc. Sponsored ADR (NYSE:HUYA) Price Target at $4.57

HUYA Inc. Sponsored ADR (NYSE:HUYA) has earned an average recommendation of “Hold” from the eight ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $4.5667.

HUYA has been the subject of a number of research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of HUYA in a research note on Saturday, September 27th. Zacks Research raised shares of HUYA to a “hold” rating in a research note on Monday, September 8th.

HUYA Stock Performance

Shares of NYSE HUYA opened at $3.23 on Friday. The stock has a fifty day moving average price of $3.39 and a two-hundred day moving average price of $3.43. The firm has a market cap of $717.08 million, a P/E ratio of -35.83 and a beta of 0.69. HUYA has a 1 year low of $2.21 and a 1 year high of $5.79.

Institutional Investors Weigh In On HUYA

Several large investors have recently modified their holdings of the stock. Acadian Asset Management LLC boosted its stake in shares of HUYA by 0.9% during the 1st quarter. Acadian Asset Management LLC now owns 3,067,145 shares of the company’s stock worth $9,835,000 after acquiring an additional 27,582 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of HUYA by 35.3% during 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 acquiring an additional 267,616 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of HUYA during the 1st quarter worth $1,264,000. BRIGHT VALLEY CAPITAL Ltd bought a new stake in shares of HUYA during the 1st quarter worth $923,000. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of HUYA by 10.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 225,942 shares of the company’s stock worth $795,000 after acquiring an additional 21,273 shares in the last quarter. 23.20% of the stock is owned by institutional investors.

About HUYA

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.