Fmr LLC Has $20.14 Million Holdings in DouYu International Holdings Limited (NASDAQ:DOYU)

Fmr LLC increased its holdings in shares of DouYu International Holdings Limited (NASDAQ:DOYU) by 57.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,859,521 shares of the company’s stock after acquiring an additional 680,659 shares during the period. Fmr LLC owned 0.06% of DouYu International worth $20,139,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DOYU. Polunin Capital Partners Ltd acquired a new position in DouYu International in the second quarter valued at about $3,526,000. Headlands Technologies LLC acquired a new position in DouYu International in the second quarter valued at about $30,000. Dimensional Fund Advisors LP lifted its position in shares of DouYu International by 46.0% during the second 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 in the last quarter. Finally, BRIGHT VALLEY CAPITAL Ltd lifted its position in shares of DouYu International by 42.0% during the second quarter. BRIGHT VALLEY CAPITAL Ltd now owns 371,184 shares of the company’s stock worth $4,079,000 after purchasing an additional 109,768 shares in the last quarter. 17.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DOYU shares. Hsbc Global Res lowered shares of DouYu International from a “hold” rating to a “moderate sell” rating in a research report 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.

DouYu International Stock Down 3.8 %

DouYu International stock opened at $11.82 on Wednesday. The stock has a market capitalization of $373.94 million, a PE ratio of -13.50 and a beta of 0.97. DouYu International Holdings Limited has a twelve month low of $6.29 and a twelve month high of $20.17. The company has a 50 day moving average of $10.41 and a 200-day moving average of $12.39.

DouYu International (NASDAQ:DOYU) last announced its earnings results on Thursday, September 12th. The company reported ($0.20) EPS for the quarter. DouYu International had a negative return on equity of 2.92% and a negative net margin of 4.39%. The business had revenue of $142.01 million for the quarter.

About DouYu International

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.