3,892 Shares in DouYu International Holdings Limited (NASDAQ:DOYU) Acquired by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of DouYu International Holdings Limited (NASDAQ:DOYU) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,892 shares of the company’s stock, valued at approximately $42,000.

A number of other institutional investors have also recently modified their holdings of DOYU. Polunin Capital Partners Ltd acquired a new stake in DouYu International during the second quarter worth about $3,526,000. Point72 Hong Kong Ltd acquired a new position in DouYu International during the third quarter valued at approximately $5,968,000. BRIGHT VALLEY CAPITAL Ltd boosted its holdings in shares of DouYu International by 42.0% in the 2nd quarter. BRIGHT VALLEY CAPITAL Ltd now owns 371,184 shares of the company’s stock valued at $4,079,000 after purchasing an additional 109,768 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of DouYu International in the 2nd quarter valued at $30,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of DouYu International by 46.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 160,276 shares of the company’s stock worth $1,761,000 after buying an additional 50,531 shares in the last quarter. 17.86% of the stock is currently owned by institutional investors.

DouYu International Price Performance

DouYu International stock opened at $12.09 on Friday. The firm has a market cap of $382.53 million, a P/E ratio of -13.74 and a beta of 0.97. The stock’s 50 day moving average is $10.38 and its 200 day moving average is $12.35. DouYu International Holdings Limited has a one year low of $6.29 and a one year high of $20.17.

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

Analysts Set New Price Targets

Several research firms recently weighed in on DOYU. HSBC lowered DouYu International from a “hold” rating to a “reduce” rating in a research note on Tuesday, September 24th. 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.

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.