HUYA (HUYA) Shares Gap Down to $25.22

HUYA Inc – (NYSE:HUYA)’s share price gapped down prior to trading on Friday . The stock had previously closed at $26.71, but opened at $25.22. HUYA shares last traded at $24.14, with a volume of 7623498 shares.

A number of brokerages recently weighed in on HUYA. Credit Suisse Group set a $29.00 price target on HUYA and gave the stock a “buy” rating in a research note on Tuesday. Daiwa Capital Markets began coverage on HUYA in a research note on Monday, January 14th. They issued a “neutral” rating on the stock. Goldman Sachs Group raised HUYA from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $34.00 to $28.00 in a research note on Thursday, December 6th. Finally, JPMorgan Chase & Co. began coverage on HUYA in a research note on Tuesday, November 27th. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. HUYA presently has an average rating of “Hold” and an average target price of $31.40.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Legal & General Group Plc acquired a new stake in HUYA during the 3rd quarter worth about $35,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in HUYA by 200.0% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,000 shares of the company’s stock worth $46,000 after acquiring an additional 2,000 shares during the period. SG Americas Securities LLC boosted its position in HUYA by 5.3% during the 4th quarter. SG Americas Securities LLC now owns 45,386 shares of the company’s stock worth $703,000 after acquiring an additional 2,304 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of HUYA by 162.7% during the 3rd quarter. Wells Fargo & Company MN now owns 4,521 shares of the company’s stock valued at $107,000 after buying an additional 2,800 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in shares of HUYA by 56.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 9,700 shares of the company’s stock valued at $228,000 after buying an additional 3,500 shares during the last quarter. Hedge funds and other institutional investors own 6.36% of the company’s stock.

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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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