BNP Paribas Financial Markets Boosts Holdings in DouYu International Holdings Limited (NASDAQ:DOYU)

BNP Paribas Financial Markets grew its position in DouYu International Holdings Limited (NASDAQ:DOYU) by 61.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 12,616 shares of the company’s stock after purchasing an additional 4,800 shares during the period. BNP Paribas Financial Markets’ holdings in DouYu International were worth $137,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Polunin Capital Partners Ltd bought a new position in DouYu International during the 2nd quarter valued at about $3,526,000. Headlands Technologies LLC purchased a new position in shares of DouYu International during the second quarter valued at approximately $30,000. Dimensional Fund Advisors LP grew its stake 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 valued at $1,761,000 after buying an additional 50,531 shares during the last quarter. BRIGHT VALLEY CAPITAL Ltd raised its holdings in shares of DouYu International by 42.0% in the second quarter. BRIGHT VALLEY CAPITAL Ltd now owns 371,184 shares of the company’s stock worth $4,079,000 after buying an additional 109,768 shares during the period. Finally, FMR LLC raised its holdings in shares of DouYu International by 57.7% in the third quarter. FMR LLC now owns 1,859,521 shares of the company’s stock worth $20,139,000 after buying an additional 680,659 shares during the period. Hedge funds and other institutional investors own 17.86% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. HSBC downgraded DouYu International from a “hold” rating to a “reduce” rating in a research report on Tuesday, September 24th. Hsbc Global Res lowered shares of DouYu International from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, September 24th.

DouYu International Stock Performance

Shares of NASDAQ:DOYU opened at $11.78 on Wednesday. The firm’s 50 day simple moving average is $10.54 and its 200-day simple moving average is $12.45. DouYu International Holdings Limited has a one year low of $6.29 and a one year high of $20.17. The firm has a market cap of $372.67 million, a PE ratio of -13.39 and a beta of 0.97.

DouYu International Profile

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.