HUYA Inc. (NYSE:HUYA) Receives Consensus Recommendation of “Hold” from Analysts

Shares of HUYA Inc. (NYSE:HUYA) have earned an average rating of “Hold” from the seven research firms that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $5.68.

Separately, Daiwa Capital Markets cut HUYA from an “outperform” rating to a “neutral” rating in a research note on Tuesday.

HUYA Trading Down 18.4 %

HUYA stock traded down $0.84 during midday trading on Tuesday, hitting $3.71. 8,980,613 shares of the company’s stock were exchanged, compared to its average volume of 1,537,291. The business has a 50-day simple moving average of $3.68 and a two-hundred day simple moving average of $3.69. The stock has a market capitalization of $838.71 million, a PE ratio of -41.17 and a beta of 0.72. HUYA has a 1-year low of $2.82 and a 1-year high of $6.84.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. WCM Investment Management LLC boosted its position in shares of HUYA by 4,396.5% during the fourth quarter. WCM Investment Management LLC now owns 2,854,171 shares of the company’s stock worth $8,505,000 after buying an additional 2,790,696 shares during the period. FMR LLC boosted its holdings in HUYA by 236.8% in the third quarter. FMR LLC now owns 2,391,957 shares of the company’s stock valued at $12,199,000 after purchasing an additional 1,681,800 shares during the period. Bank of America Corp DE boosted its holdings in HUYA by 19.7% in the fourth quarter. Bank of America Corp DE now owns 995,747 shares of the company’s stock valued at $3,057,000 after purchasing an additional 164,112 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in HUYA by 66.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 758,281 shares of the company’s stock valued at $2,328,000 after purchasing an additional 302,988 shares during the period. Finally, Monolith Management Ltd purchased a new position in HUYA in the fourth quarter valued at $2,144,000. 23.20% of the stock is currently owned by hedge funds and other 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.