State Street Corp Has $3.22 Million Holdings in HUYA Inc. (NYSE:HUYA)

State Street Corp lowered its holdings in HUYA Inc. (NYSE:HUYA) by 0.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 630,586 shares of the company’s stock after selling 4,410 shares during the period. State Street Corp’s holdings in HUYA were worth $3,216,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HUYA. Seldon Capital LP bought a new position in shares of HUYA in the 3rd quarter valued at about $51,000. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in HUYA in the 3rd quarter valued at about $61,000. Smith Anglin Financial LLC bought a new position in HUYA during the third quarter worth about $73,000. Quantbot Technologies LP increased its position in HUYA by 18.9% during the third quarter. Quantbot Technologies LP now owns 23,224 shares of the company’s stock worth $118,000 after buying an additional 3,685 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in HUYA in the second quarter valued at approximately $205,000. 23.20% of the stock is currently owned by institutional investors and hedge funds.

HUYA Stock Down 2.3 %

HUYA opened at $2.98 on Tuesday. HUYA Inc. has a twelve month low of $2.89 and a twelve month high of $6.84. The stock has a market capitalization of $694.59 million, a price-to-earnings ratio of -33.11 and a beta of 0.60. The company has a 50-day simple moving average of $3.23 and a 200 day simple moving average of $3.95.

HUYA (NYSE:HUYA) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.04 by $0.30. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The company’s revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.05 earnings per share. Sell-side analysts anticipate that HUYA Inc. will post 0.16 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on HUYA shares. Hsbc Global Res downgraded HUYA from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. HSBC reiterated a “hold” rating and issued a $4.70 price objective on shares of HUYA in a report on Friday, October 11th. Citigroup cut their target price on shares of HUYA from $5.90 to $5.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Finally, Bank of America downgraded shares of HUYA from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $5.80 to $4.00 in a research report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, HUYA currently has an average rating of “Hold” and a consensus price target of $5.68.

HUYA Company Profile

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.