HUYA Inc. (NYSE:HUYA) Receives Consensus Rating of “Hold” from Analysts

Shares of HUYA Inc. (NYSE:HUYA) have earned an average recommendation of “Hold” from the eight analysts that are presently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $5.68.

A number of analysts recently issued reports on HUYA shares. Daiwa America downgraded shares of HUYA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 18th. Daiwa Capital Markets downgraded shares of HUYA from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 18th.

Institutional Investors Weigh In On HUYA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HUYA. Wellington Management Group LLP increased its holdings in HUYA by 11.9% during the 3rd quarter. Wellington Management Group LLP now owns 103,852 shares of the company’s stock worth $530,000 after purchasing an additional 11,054 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of HUYA during the third quarter worth approximately $90,000. Public Employees Retirement System of Ohio bought a new stake in shares of HUYA in the third quarter worth $711,000. Smith Anglin Financial LLC raised its holdings in HUYA by 27.9% in the fourth quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company’s stock valued at $56,000 after acquiring an additional 4,002 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in HUYA in the fourth quarter valued at $371,000. Hedge funds and other institutional investors own 23.20% of the company’s stock.

HUYA Stock Up 2.3 %

Shares of HUYA opened at $3.14 on Friday. HUYA has a fifty-two week low of $2.82 and a fifty-two week high of $6.84. The company’s fifty day moving average is $3.63 and its two-hundred day moving average is $3.56. The firm has a market cap of $711.03 million, a PE ratio of -34.90 and a beta of 0.73.

HUYA (NYSE:HUYA) last issued its earnings results on Tuesday, March 18th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.53 billion. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. HUYA’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.48 EPS. As a group, equities research analysts anticipate that HUYA will post 0.16 earnings per share for the current year.

HUYA Announces Dividend

The business also recently declared an annual dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be issued a $1.47 dividend. This represents a yield of 42.55%. The ex-dividend date of this dividend is Tuesday, June 17th. HUYA’s dividend payout ratio is presently -4,766.67%.

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.