Hsbc Global Res Lowers HUYA (NYSE:HUYA) to Hold

Hsbc Global Res downgraded shares of HUYA (NYSE:HUYA) from a strong-buy rating to a hold rating in a report released on Friday, Zacks.com reports.

A number of other research analysts have also commented on the company. Citigroup raised HUYA from a sell rating to a buy rating and increased their price objective for the company from $2.40 to $6.00 in a report on Wednesday, August 14th. HSBC reiterated a hold rating and set a $4.70 price target on shares of HUYA in a report on Friday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $6.38.

HUYA Stock Down 4.1 %

NYSE HUYA opened at $4.13 on Friday. The stock has a market capitalization of $961.47 million, a PE ratio of -41.25 and a beta of 0.60. HUYA has a 12-month low of $2.82 and a 12-month high of $6.84. The company has a 50 day moving average price of $4.47 and a two-hundred day moving average price of $4.55.

HUYA (NYSE:HUYA) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.35. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.55 billion. HUYA had a negative net margin of 2.69% and a positive return on equity of 0.53%. HUYA’s quarterly revenue was down 16.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.05 EPS. As a group, equities analysts anticipate that HUYA will post 0.17 EPS for the current year.

HUYA Increases Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, October 25th. Investors of record on Wednesday, October 9th will be given a dividend of $1.06 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This is a boost from HUYA’s previous — dividend of $0.64.

Institutional Trading of HUYA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Smith Anglin Financial LLC bought a new stake in HUYA in the 3rd quarter valued at $73,000. Bayesian Capital Management LP raised its position in shares of HUYA by 22.0% during the first quarter. Bayesian Capital Management LP now owns 19,374 shares of the company’s stock valued at $88,000 after buying an additional 3,500 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of HUYA in the second quarter valued at about $205,000. Susquehanna Fundamental Investments LLC acquired a new stake in HUYA during the first quarter worth about $222,000. Finally, Commonwealth Equity Services LLC bought a new position in HUYA during the second quarter valued at about $291,000. Institutional investors and hedge funds own 23.20% of the company’s stock.

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.