Zurcher Kantonalbank Zurich Cantonalbank Sells 1,339 Shares of DouYu International Holdings Limited (NASDAQ:DOYU)

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in DouYu International Holdings Limited (NASDAQ:DOYU) by 15.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,100 shares of the company’s stock after selling 1,339 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in DouYu International were worth $78,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets bought a new position in DouYu International during the first quarter worth $34,000. Russell Investments Group Ltd. increased its position in DouYu International by 26.6% during the fourth quarter. Russell Investments Group Ltd. now owns 156,511 shares of the company’s stock worth $140,000 after acquiring an additional 32,857 shares during the period. Polunin Capital Partners Ltd bought a new position in DouYu International during the second quarter worth $3,526,000. Mirae Asset Global Investments Co. Ltd. bought a new position in DouYu International during the first quarter worth $3,750,000. Finally, BRIGHT VALLEY CAPITAL Ltd bought a new position in DouYu International during the fourth quarter worth $2,006,000. Institutional investors own 17.86% of the company’s stock.

DouYu International Price Performance

DOYU opened at $8.55 on Wednesday. DouYu International Holdings Limited has a fifty-two week low of $6.29 and a fifty-two week high of $20.17. The firm’s fifty day moving average price is $16.48 and its two-hundred day moving average price is $11.55. The company has a market capitalization of $270.49 million, a P/E ratio of -22.50 and a beta of 0.95.

Analyst Ratings Changes

DOYU has been the topic of a number of research reports. Citigroup dropped their target price on shares of DouYu International from $6.00 to $5.50 and set a “sell” rating on the stock in a research report on Friday, June 7th. Hsbc Global Res upgraded shares of DouYu International from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Finally, HSBC upgraded shares of DouYu International from a “reduce” rating to a “hold” rating and set a $15.00 price target on the stock in a research note on Wednesday, July 3rd.

About DouYu International

DouYu International Holdings Limited, together with its subsidiaries, operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming services in the People's Republic of China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.