E Fund Management Hong Kong Co. Ltd. Acquires Shares of 120,757 HUYA Inc. (NYSE:HUYA)

E Fund Management Hong Kong Co. Ltd. bought a new position in shares of HUYA Inc. (NYSE:HUYA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 120,757 shares of the company’s stock, valued at approximately $371,000. HUYA makes up approximately 0.3% of E Fund Management Hong Kong Co. Ltd.’s investment portfolio, making the stock its 25th largest position. E Fund Management Hong Kong Co. Ltd. owned about 0.05% of HUYA as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Seldon Capital LP acquired a new stake in HUYA in the 3rd quarter worth about $51,000. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in shares of HUYA in the third quarter worth approximately $61,000. Smith Anglin Financial LLC acquired a new stake in shares of HUYA in the third quarter worth approximately $73,000. XTX Topco Ltd purchased a new stake in shares of HUYA during the third quarter worth approximately $90,000. Finally, Quantbot Technologies LP raised its stake in HUYA by 18.9% in the 3rd quarter. Quantbot Technologies LP now owns 23,224 shares of the company’s stock valued at $118,000 after purchasing an additional 3,685 shares during the last quarter. Institutional investors and hedge funds own 23.20% of the company’s stock.

HUYA Trading Up 10.3 %

Shares of HUYA stock opened at $3.80 on Monday. HUYA Inc. has a twelve month low of $2.82 and a twelve month high of $6.84. The stock has a market cap of $859.07 million, a price-to-earnings ratio of -42.17 and a beta of 0.62. The company’s 50-day moving average price is $3.14 and its 200-day moving average price is $3.79.

HUYA (NYSE:HUYA) last posted its earnings results on Tuesday, November 12th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.30. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. HUYA’s revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.05 EPS. As a group, equities research analysts predict that HUYA Inc. will post 0.16 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Hsbc Global Res cut shares of HUYA from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. HSBC restated a “hold” rating and set a $4.70 price target on shares of HUYA in a research report on Friday, October 11th. Bank of America downgraded shares of HUYA from a “buy” rating to a “neutral” rating and cut their price objective for the company from $5.80 to $4.00 in a report on Wednesday, November 6th. Finally, Citigroup decreased their target price on shares of HUYA from $5.90 to $5.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $5.68.

HUYA Company Profile

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.