HUYA (HUYA) Stock Price Up 6.3%

HUYA Inc – (NYSE:HUYA) rose 6.3% during trading on Wednesday . The company traded as high as $27.80 and last traded at $27.01. Approximately 3,357,671 shares were traded during trading, a decline of 38% from the average daily volume of 5,380,673 shares. The stock had previously closed at $25.41.

HUYA has been the subject of a number of analyst reports. Needham & Company LLC initiated coverage on shares of HUYA in a research report on Wednesday, June 13th. They set a “buy” rating and a $41.00 target price for the company. 86 Research restated a “sell” rating on shares of HUYA in a research note on Monday, June 18th. UBS Group began coverage on shares of HUYA in a research note on Thursday, June 7th. They set a “neutral” rating on the stock. CLSA began coverage on shares of HUYA in a research note on Tuesday, September 4th. They set an “outperform” rating and a $33.00 price target on the stock. Finally, Goldman Sachs Group began coverage on shares of HUYA in a research note on Friday, August 3rd. They set a “neutral” rating and a $34.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. HUYA presently has a consensus rating of “Hold” and an average target price of $36.00.

HUYA (NYSE:HUYA) last issued its quarterly earnings results on Monday, August 13th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.55) by $1.92. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $992.74 million. The business’s revenue for the quarter was up 125.0% on a year-over-year basis.

A number of institutional investors have recently modified their holdings of HUYA. Sylebra HK Co Ltd acquired a new stake in shares of HUYA in the second quarter worth $26,220,000. Waddell & Reed Financial Inc. acquired a new stake in shares of HUYA in the second quarter worth $23,681,000. FMR LLC acquired a new stake in shares of HUYA in the second quarter worth $19,362,000. Rovida Advisors Inc. acquired a new stake in shares of HUYA in the second quarter worth $16,378,000. Finally, BlackRock Inc. acquired a new stake in shares of HUYA in the second quarter worth $15,108,000. Institutional investors and hedge funds own 5.86% of the company’s stock.

About HUYA (NYSE:HUYA)

HUYA Inc, through 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 also provides advertising and online game-related services. As of December 31, 2017, its live streaming content covered approximately 2,600 games, including mobile, PC, and console games.

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