DouYu International Holdings Limited (NASDAQ:DOYU) Shares Acquired by State Street Corp

State Street Corp lifted its stake in DouYu International Holdings Limited (NASDAQ:DOYU) by 78.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 29,528 shares of the company’s stock after purchasing an additional 12,940 shares during the quarter. State Street Corp’s holdings in DouYu International were worth $320,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in DouYu International in the second quarter valued at approximately $30,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of DouYu International in the 3rd quarter valued at $42,000. BNP Paribas Financial Markets lifted its stake in DouYu International by 61.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,616 shares of the company’s stock worth $137,000 after acquiring an additional 4,800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in DouYu International by 88.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,402 shares of the company’s stock valued at $145,000 after acquiring an additional 6,302 shares during the period. Finally, Athos Capital Ltd grew its position in DouYu International by 9.3% in the 3rd quarter. Athos Capital Ltd now owns 19,925 shares of the company’s stock valued at $216,000 after acquiring an additional 1,700 shares in the last quarter. Hedge funds and other institutional investors own 17.86% of the company’s stock.

DouYu International Price Performance

Shares of NASDAQ DOYU opened at $11.05 on Friday. The stock’s 50-day moving average is $11.06 and its two-hundred day moving average is $12.53. The company has a market cap of $349.58 million, a price-to-earnings ratio of -12.56 and a beta of 0.97. DouYu International Holdings Limited has a 1-year low of $6.29 and a 1-year high of $20.17.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DOYU. HSBC cut shares of DouYu International from a “hold” rating to a “reduce” rating in a research report on Tuesday, September 24th. Hsbc Global Res cut shares of DouYu International from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, September 24th.

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.