Fmr LLC Purchases 2,675,580 Shares of HUYA Inc – (HUYA)

Fmr LLC raised its position in shares of HUYA Inc – (NYSE:HUYA) by 458.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,259,784 shares of the company’s stock after buying an additional 2,675,580 shares during the quarter. Fmr LLC owned about 1.62% of HUYA worth $50,461,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Millennium Management LLC increased its position in shares of HUYA by 480.6% during the 4th quarter. Millennium Management LLC now owns 161,333 shares of the company’s stock valued at $2,497,000 after purchasing an additional 133,546 shares during the last quarter. Wexford Capital LP bought a new position in shares of HUYA during the 4th quarter valued at approximately $623,000. Sylebra HK Co Ltd increased its position in shares of HUYA by 78.0% during the 4th quarter. Sylebra HK Co Ltd now owns 1,548,349 shares of the company’s stock valued at $23,968,000 after purchasing an additional 678,598 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in shares of HUYA during the 4th quarter valued at approximately $1,155,000. Finally, Bank of America Corp DE increased its position in shares of HUYA by 13,669.4% during the 4th quarter. Bank of America Corp DE now owns 23,408 shares of the company’s stock valued at $362,000 after purchasing an additional 23,238 shares during the last quarter. 11.88% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on HUYA shares. Daiwa Capital Markets started coverage on HUYA in a research report on Monday, January 14th. They set a “neutral” rating on the stock. Credit Suisse Group set a $29.00 target price on HUYA and gave the company a “buy” rating in a research report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. HUYA currently has an average rating of “Hold” and a consensus price target of $31.40.

NYSE HUYA opened at $22.51 on Wednesday. The company has a market cap of $4.48 billion and a PE ratio of 185.42. HUYA Inc – has a fifty-two week low of $14.44 and a fifty-two week high of $50.82.

HUYA (NYSE:HUYA) last announced its quarterly earnings data on Monday, March 4th. The company reported $0.07 EPS for the quarter. The company had revenue of $218.88 million for the quarter. HUYA had a positive return on equity of 19.51% and a negative net margin of 42.15%.

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HUYA Profile

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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Institutional Ownership by Quarter for HUYA (NYSE:HUYA)

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