XTX Topco Ltd Acquires New Stake in HUYA Inc. (NYSE:HUYA)

XTX Topco Ltd bought a new stake in HUYA Inc. (NYSE:HUYA) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 17,732 shares of the company’s stock, valued at approximately $90,000.

A number of other institutional investors have also recently made changes to their positions in HUYA. Seldon Capital LP bought a new stake in HUYA in the 3rd quarter valued at about $51,000. Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of HUYA in the third quarter valued at approximately $61,000. Smith Anglin Financial LLC purchased a new stake in shares of HUYA during the 3rd quarter valued at approximately $73,000. Quantbot Technologies LP boosted its holdings in HUYA by 18.9% in the 3rd quarter. Quantbot Technologies LP now owns 23,224 shares of the company’s stock worth $118,000 after buying an additional 3,685 shares during the period. Finally, Headlands Technologies LLC purchased a new position in HUYA in the 2nd quarter valued at approximately $205,000. Hedge funds and other institutional investors own 23.20% of the company’s stock.

HUYA Stock Up 0.3 %

Shares of NYSE HUYA opened at $3.01 on Friday. The stock’s 50-day simple moving average is $3.29 and its two-hundred day simple moving average is $4.00. HUYA Inc. has a twelve month low of $2.89 and a twelve month high of $6.84. The firm has a market capitalization of $701.58 million, a P/E ratio of -33.44 and a beta of 0.60.

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

Wall Street Analysts Forecast Growth

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

About HUYA

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.