Virtu Financial LLC Takes $499,000 Position in HUYA Inc – (NYSE:HUYA)

Virtu Financial LLC acquired a new stake in shares of HUYA Inc – (NYSE:HUYA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 21,129 shares of the company’s stock, valued at approximately $499,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of HUYA by 83.6% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,080 shares of the company’s stock valued at $52,000 after buying an additional 947 shares during the last quarter. Bank of Montreal Can boosted its holdings in HUYA by 24.1% during the second quarter. Bank of Montreal Can now owns 8,132 shares of the company’s stock worth $201,000 after purchasing an additional 1,578 shares during the last quarter. TB Alternative Assets Ltd. purchased a new position in HUYA during the third quarter worth about $340,000. NumerixS Investment Technologies Inc purchased a new position in HUYA during the second quarter worth about $361,000. Finally, ETF Managers Group LLC purchased a new position in HUYA during the second quarter worth about $366,000. Hedge funds and other institutional investors own 26.12% of the company’s stock.

HUYA opened at $20.60 on Tuesday. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.01. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 206.00 and a beta of 1.88. HUYA Inc – has a twelve month low of $14.44 and a twelve month high of $30.00. The company’s 50-day moving average price is $22.52 and its two-hundred day moving average price is $23.05.

HUYA (NYSE:HUYA) last released its earnings results on Tuesday, November 12th. The company reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.81. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.16 billion. HUYA had a net margin of 5.50% and a return on equity of 5.88%. The company’s quarterly revenue was up 77.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.55 earnings per share. As a group, sell-side analysts anticipate that HUYA Inc – will post 0.27 earnings per share for the current year.

HUYA has been the topic of several analyst reports. Zacks Investment Research cut shares of HUYA from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. HSBC initiated coverage on shares of HUYA in a report on Monday, September 16th. They set a “buy” rating on the stock. Jefferies Financial Group initiated coverage on shares of HUYA in a report on Monday, August 5th. They set a “buy” rating and a $26.80 price target on the stock. Morgan Stanley cut shares of HUYA from an “overweight” rating to an “equal” rating and cut their price target for the stock from $28.00 to $23.00 in a report on Monday. Finally, TheStreet cut shares of HUYA from a “c-” rating to a “d+” rating in a report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $27.05.

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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