Headlands Technologies LLC Makes New $30,000 Investment in DouYu International Holdings Limited (NASDAQ:DOYU)

Headlands Technologies LLC bought a new stake in DouYu International Holdings Limited (NASDAQ:DOYU) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,705 shares of the company’s stock, valued at approximately $30,000.

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

DouYu International Trading Up 0.8 %

Shares of DOYU opened at $7.97 on Wednesday. The company has a market capitalization of $252.14 million, a price-to-earnings ratio of -20.97 and a beta of 0.95. The stock has a 50 day moving average of $15.52 and a 200 day moving average of $11.56. DouYu International Holdings Limited has a 12 month low of $6.29 and a 12 month high of $20.17.

DouYu International (NASDAQ:DOYU) last issued its quarterly earnings results on Thursday, September 12th. The company reported ($0.20) EPS for the quarter. DouYu International had a negative net margin of 1.35% and a positive return on equity of 0.62%. The business had revenue of $142.01 million for the quarter.

Wall Street Analyst Weigh In

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

DouYu International Company Profile

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.