BRIGHT VALLEY CAPITAL Ltd Has $4.08 Million Position in DouYu International Holdings Limited (NASDAQ:DOYU)

BRIGHT VALLEY CAPITAL Ltd increased its holdings in DouYu International Holdings Limited (NASDAQ:DOYU) by 42.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 371,184 shares of the company’s stock after purchasing an additional 109,768 shares during the quarter. DouYu International accounts for 4.6% of BRIGHT VALLEY CAPITAL Ltd’s holdings, making the stock its 7th biggest position. BRIGHT VALLEY CAPITAL Ltd’s holdings in DouYu International were worth $4,079,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in shares of DouYu International in the 2nd quarter valued at $30,000. BNP Paribas Financial Markets acquired a new position in DouYu International in the 1st quarter worth approximately $34,000. Dimensional Fund Advisors LP boosted its stake in DouYu International by 46.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 160,276 shares of the company’s stock worth $1,761,000 after purchasing an additional 50,531 shares during the period. Polunin Capital Partners Ltd purchased a new position in DouYu International during the 2nd quarter worth approximately $3,526,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of DouYu International in the first quarter valued at $3,750,000. 17.86% of the stock is owned by institutional investors and hedge funds.

DouYu International Trading Up 5.0 %

DouYu International stock opened at $10.83 on Tuesday. DouYu International Holdings Limited has a 1-year low of $6.29 and a 1-year high of $20.17. The firm’s fifty day simple moving average is $14.16 and its 200-day simple moving average is $11.68. The company has a market capitalization of $342.62 million, a P/E ratio of -28.50 and a beta of 0.95.

DouYu International (NASDAQ:DOYU) last announced its quarterly earnings results on Thursday, September 12th. The company reported ($0.20) earnings per share for the quarter. The company had revenue of $142.01 million during the quarter. DouYu International had a negative return on equity of 0.97% and a negative net margin of 2.63%.

Analyst Ratings Changes

Several equities analysts have weighed in on DOYU shares. Hsbc Global Res cut DouYu International from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, September 24th. HSBC downgraded shares of DouYu International from a “hold” rating to a “reduce” rating in a research note on Tuesday, September 24th. Finally, Citigroup reduced their price objective 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 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.