HUYA (NYSE: HUYA) now covered by Bank of America analysts
Bank of America stock research analysts began covering stocks of HUYA (NYSE: HUYA) in a research report released Monday to clients and investors, The Fly reports. The brokerage established a “neutral” rating on the stock.
HUYA has been the subject of several other reports. Morgan Stanley began covering shares of HUYA in a research report on Wednesday, October 13. They issued an “underweight” rating on the stock. China Renaissance Securities lowered its price target on HUYA from $ 11.90 to $ 10.90 and set a “buy” rating for the company in a Wednesday, November 10 research note. Zacks Investment Research upgraded HUYA from a “sell” rating to a “conservation” rating in a Tuesday, December 7 research note. Citigroup reduced its price target on HUYA from $ 13.20 to $ 11.80 and set a “buy” rating for the company in a Wednesday, November 10 research note. Finally, the Goldman Sachs group began covering HUYA in a research note on Thursday, October 28. They issued a “sale” note for the company. Three investment analysts rated the stock with a sell rating, two issued a conservation rating, and five assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $ 19.54.
HUYA stock opened at $ 7.09 on Monday. The stock has a 50-day moving average of $ 8.29. The company has a market cap of $ 1.68 billion, a PE ratio of 9.58, a price / earnings-growth ratio of 122.50 and a beta of 0.78. HUYA has a one-year low at $ 6.08 and a one-year high at $ 36.33.
Hedge funds recently changed their positions in the title. Bank of New York Mellon Corp increased its stake in HUYA by 10.8% in the third quarter. Bank of New York Mellon Corp now owns 202,100 shares of the company valued at $ 1,685,000 after purchasing an additional 19,748 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in HUYA shares by 19.0% during the third quarter. BNP Paribas Arbitrage SA now owns 288,870 shares of the company valued at $ 2,409,000 after acquiring 46,214 additional shares in the last quarter. Twinbeech Capital LP purchased a new stake in HUYA in the 3rd quarter for a value of approximately $ 150,000. Two Sigma Securities LLC purchased a new stake in HUYA in the 3rd quarter for a value of approximately $ 108,000. Finally, Wellington Management Group LLP acquired a new stake in HUYA in the 3rd quarter for a value of approximately $ 3,799,000. 77.99% of the shares are held by institutional investors.
HUYA Company Profile
HUYA, Inc is a holding company dedicated to developing a live game broadcasting platform. The company provides live streaming content for mobile games, personal computers and consoles. It also offers content to other kinds of entertainment, such as talent shows, cartoons and outdoor activities. The company was founded in 2014 and is headquartered in Guangzhou, China.
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