HUYA (HUYA) Shares Gap Down to $19.60
HUYA Inc – (NYSE:HUYA) gapped down prior to trading on Tuesday . The stock had previously closed at $18.59, but opened at $19.60. HUYA shares last traded at $20.46, with a volume of 78707 shares trading hands.
Several equities research analysts recently weighed in on HUYA shares. Jefferies Financial Group started coverage on shares of HUYA in a research report on Tuesday, May 14th. They set a “buy” rating and a $28.00 price objective for the company. Credit Suisse Group set a $29.00 price objective on shares of HUYA and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Tigress Financial started coverage on shares of HUYA in a research report on Friday, April 26th. They set a “buy” rating for the company. Finally, UBS Group raised shares of HUYA from a “neutral” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $30.86.
The company has a market capitalization of $4.06 billion and a P/E ratio of 206.90.
Hedge funds and other institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN increased its holdings in HUYA by 162.7% in the 3rd quarter. Wells Fargo & Company MN now owns 4,521 shares of the company’s stock worth $107,000 after acquiring an additional 2,800 shares during the last quarter. BlackRock Inc. boosted its holdings in HUYA by 2.8% in the third quarter. BlackRock Inc. now owns 472,130 shares of the company’s stock worth $11,133,000 after acquiring an additional 12,786 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in HUYA by 32.3% in the third quarter. JPMorgan Chase & Co. now owns 179,156 shares of the company’s stock worth $4,225,000 after acquiring an additional 43,784 shares in the last quarter. Legal & General Group Plc bought a new stake in HUYA in the third quarter worth $35,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in HUYA by 200.0% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,000 shares of the company’s stock worth $46,000 after acquiring an additional 2,000 shares in the last quarter. 12.47% of the stock is owned by hedge funds and other institutional investors.
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HUYA Company Profile (NYSE:HUYA)
HUYA Inc, through 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 also provides advertising and online game-related services. As of December 31, 2017, its live streaming content covered approximately 2,600 games, including mobile, PC, and console games.
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