Jane Street Group LLC Sells 626,369 Shares of HUYA Inc. (NYSE:HUYA)

Jane Street Group LLC trimmed its holdings in HUYA Inc. (NYSE:HUYA) by 89.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 73,648 shares of the company’s stock after selling 626,369 shares during the quarter. Jane Street Group LLC’s holdings in HUYA were worth $376,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. FMR LLC grew its position in HUYA by 236.8% in the third quarter. FMR LLC now owns 2,391,957 shares of the company’s stock worth $12,199,000 after acquiring an additional 1,681,800 shares in the last quarter. Millennium Management LLC bought a new stake in HUYA in the second quarter worth approximately $5,197,000. Dimensional Fund Advisors LP grew its position in HUYA by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,066,613 shares of the company’s stock worth $4,209,000 after acquiring an additional 21,338 shares in the last quarter. Marshall Wace LLP grew its position in HUYA by 177.6% in the second quarter. Marshall Wace LLP now owns 784,081 shares of the company’s stock worth $3,097,000 after acquiring an additional 501,681 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in HUYA in the second quarter worth approximately $2,052,000. 23.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

HUYA Price Performance

NYSE:HUYA opened at $3.01 on Thursday. The stock has a market cap of $681.38 million, a P/E ratio of -33.44 and a beta of 0.62. HUYA Inc. has a one year low of $2.89 and a one year high of $6.84. The company has a fifty day moving average price of $3.14 and a 200 day moving average price of $3.88.

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

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.