HUYA (NYSE:HUYA) Trading Down 8.2% – Time to Sell?

Shares of HUYA Inc. Sponsored ADR (NYSE:HUYA) traded down 8.2% on Thursday . The stock traded as low as $3.15 and last traded at $3.1750. 739,119 shares were traded during mid-day trading, a decline of 69% from the average session volume of 2,414,015 shares. The stock had previously closed at $3.46.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Morgan Stanley set a $3.40 target price on shares of HUYA in a report on Wednesday, February 25th. Zacks Research upgraded shares of HUYA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of HUYA in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $3.45.

HUYA Stock Performance

The firm has a market capitalization of $682.73 million, a PE ratio of -50.92 and a beta of 0.89. The stock has a fifty day moving average price of $3.83 and a 200-day moving average price of $3.33.

HUYA declared that its Board of Directors has approved a share buyback program on Wednesday, March 18th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Institutional Trading of HUYA

A number of institutional investors have recently modified their holdings of HUYA. Loomis Sayles & Co. L P grew its position in shares of HUYA by 327.0% in the 2nd quarter. Loomis Sayles & Co. L P now owns 10,273 shares of the company’s stock worth $36,000 after buying an additional 7,867 shares during the last quarter. SG Americas Securities LLC lifted its position in HUYA by 92.1% during the third quarter. SG Americas Securities LLC now owns 85,796 shares of the company’s stock valued at $286,000 after acquiring an additional 41,138 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in HUYA by 10.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company’s stock valued at $497,000 after acquiring an additional 14,456 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in HUYA by 8.6% in the third quarter. Public Employees Retirement System of Ohio now owns 245,295 shares of the company’s stock valued at $817,000 after acquiring an additional 19,353 shares in the last quarter. 23.20% of the stock is currently owned by institutional investors.

About HUYA

HUYA Inc is a leading interactive live streaming platform based in Guangzhou, China, primarily focused on video game and esports content. The company operates a proprietary technology platform that enables users to broadcast and view live gameplay, participate in real-time chat, and engage with hosts through virtual gifting. Its services are accessible via web browsers, desktop applications and mobile apps for both iOS and Android.

At the core of HUYA’s business are user-generated live streams hosted by professional gamers, influencers and esports organizations.