HUYA (NYSE:HUYA) Shares Up 6.7% – Here’s Why

HUYA Inc. Sponsored ADR (NYSE:HUYA)’s share price shot up 6.7% during trading on Friday . The stock traded as high as $3.50 and last traded at $3.4470. 501,208 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 2,337,434 shares. The stock had previously closed at $3.23.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Morgan Stanley set a $3.40 price target on HUYA in a research note on Wednesday, February 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of HUYA in a report on Monday, December 29th. Finally, Zacks Research upgraded shares of HUYA from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $3.45.

HUYA Price Performance

The firm has a market capitalization of $754.00 million, a P/E ratio of -37.50 and a beta of 0.89. The company has a fifty day moving average of $3.83 and a 200 day moving average of $3.34.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Loomis Sayles & Co. L P boosted its holdings in shares of HUYA by 327.0% during the 2nd quarter. Loomis Sayles & Co. L P now owns 10,273 shares of the company’s stock worth $36,000 after buying an additional 7,867 shares in the last quarter. SG Americas Securities LLC boosted its stake in HUYA by 92.1% during the third quarter. SG Americas Securities LLC now owns 85,796 shares of the company’s stock worth $286,000 after acquiring an additional 41,138 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in HUYA by 10.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company’s stock worth $497,000 after purchasing an additional 14,456 shares during the period. Finally, Public Employees Retirement System of Ohio grew its holdings in HUYA by 8.6% in the third quarter. Public Employees Retirement System of Ohio now owns 245,295 shares of the company’s stock worth $817,000 after purchasing an additional 19,353 shares during the period. 23.20% of the stock is owned by institutional investors.

About HUYA

HUYA Inc is a leading interactive live streaming platform based in Guangzhou, China, primarily focused on video game and esports content. The company operates a proprietary technology platform that enables users to broadcast and view live gameplay, participate in real-time chat, and engage with hosts through virtual gifting. Its services are accessible via web browsers, desktop applications and mobile apps for both iOS and Android.

At the core of HUYA’s business are user-generated live streams hosted by professional gamers, influencers and esports organizations.