Analysts at Jefferies Financial Group began coverage on shares of HUYA (NYSE:HUYA) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $28.00 price target on the stock. Jefferies Financial Group’s target price suggests a potential upside of 30.17% from the company’s current price.
HUYA has been the subject of a number of other research reports. UBS Group upgraded shares of HUYA from a “neutral” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Wednesday, May 8th. Tigress Financial began coverage on shares of HUYA in a research note on Friday, April 26th. They issued a “buy” rating for the company. Credit Suisse Group set a $29.00 price target on shares of HUYA and gave the company a “buy” rating in a research note on Tuesday, March 5th. Finally, Daiwa Capital Markets began coverage on shares of HUYA in a research note on Monday, January 14th. They issued a “neutral” rating for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $30.86.
HUYA stock opened at $21.51 on Tuesday. The firm has a market capitalization of $4.04 billion and a P/E ratio of 167.08. HUYA has a 1-year low of $14.44 and a 1-year high of $50.82.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of HUYA by 80.4% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,133 shares of the company’s stock worth $32,000 after buying an additional 505 shares during the last quarter. Legal & General Group Plc acquired a new stake in shares of HUYA during the 3rd quarter worth about $35,000. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of 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 buying an additional 2,000 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of HUYA by 44.1% during the 1st quarter. Daiwa Securities Group Inc. now owns 2,940 shares of the company’s stock worth $83,000 after buying an additional 900 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake 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 worth $107,000 after buying an additional 2,800 shares during the last quarter. Institutional investors own 12.47% of the company’s stock.
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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