120,757 Shares in HUYA Inc. (NYSE:HUYA) Acquired by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. acquired a new position in HUYA Inc. (NYSE:HUYA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 120,757 shares of the company’s stock, valued at approximately $371,000. E Fund Management Co. Ltd. owned about 0.05% of HUYA at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Seldon Capital LP purchased a new position in HUYA during the third quarter valued at approximately $51,000. Central Asset Investments & Management Holdings HK Ltd purchased a new position in HUYA during the third quarter valued at approximately $61,000. XTX Topco Ltd purchased a new position in HUYA during the third quarter valued at approximately $90,000. Smith Anglin Financial LLC lifted its holdings in HUYA by 27.9% during the fourth quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company’s stock valued at $56,000 after purchasing an additional 4,002 shares in the last quarter. Finally, Quantbot Technologies LP lifted its holdings in HUYA by 18.9% during the third quarter. Quantbot Technologies LP now owns 23,224 shares of the company’s stock valued at $118,000 after purchasing an additional 3,685 shares in the last quarter. Hedge funds and other institutional investors own 23.20% of the company’s stock.

HUYA Stock Performance

HUYA stock opened at $4.07 on Friday. HUYA Inc. has a one year low of $2.82 and a one year high of $6.84. The company’s fifty day moving average price is $3.53 and its 200-day moving average price is $3.69. The company has a market capitalization of $920.20 million, a PE ratio of -45.17 and a beta of 0.72.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered their price target on shares of HUYA from $5.90 to $5.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, HUYA has a consensus rating of “Hold” and an average price target 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.