HUYA (NYSE:HUYA) Trading Down 4.9% – Time to Sell?

HUYA Inc. Sponsored ADR (NYSE:HUYA)’s stock price fell 4.9% during mid-day trading on Friday . The company traded as low as $2.42 and last traded at $2.5670. 697,257 shares traded hands during trading, a decline of 59% from the average session volume of 1,718,880 shares. The stock had previously closed at $2.70.

Analysts Set New Price Targets

A number of research firms recently issued reports on HUYA. Zacks Research downgraded HUYA from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Morgan Stanley set a $3.40 price objective on HUYA in a report on Wednesday, February 25th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of HUYA in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $3.45.

HUYA Stock Down 7.6%

The firm has a market capitalization of $557.71 million, a P/E ratio of -41.58 and a beta of 0.94. The stock has a fifty day moving average of $3.16 and a 200-day moving average of $3.30.

HUYA (NYSE:HUYA) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The company had revenue of $250.68 million during the quarter, compared to the consensus estimate of $251.85 million. HUYA had a negative net margin of 1.76% and a positive return on equity of 0.40%. Sell-side analysts predict that HUYA Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.

HUYA Announces Dividend

The business also recently declared a special dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 17th will be paid a $0.135 dividend. The ex-dividend date is Wednesday, June 17th. HUYA’s dividend payout ratio (DPR) is currently -4,766.67%.

HUYA declared that its board has authorized a share buyback plan on Wednesday, March 18th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Institutional Trading of HUYA

Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC lifted its position in shares of HUYA by 92.1% in the third quarter. SG Americas Securities LLC now owns 85,796 shares of the company’s stock valued at $286,000 after buying an additional 41,138 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of HUYA by 10.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company’s stock valued at $497,000 after buying an additional 14,456 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of HUYA by 8.6% in the third quarter. Public Employees Retirement System of Ohio now owns 245,295 shares of the company’s stock valued at $817,000 after buying an additional 19,353 shares during the last quarter. 23.20% of the stock is owned by institutional investors and hedge funds.

HUYA Company Profile

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.