Millennium Management LLC purchased a new stake in shares of HUYA Inc – (NYSE:HUYA) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 150,900 shares of the company’s stock, valued at approximately $4,963,000. Millennium Management LLC owned 0.07% of HUYA as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC bought a new position in HUYA in the 2nd quarter valued at $146,000. Perpetual Ltd bought a new position in HUYA in the 2nd quarter valued at $405,000. Ariose Capital Management Ltd bought a new position in HUYA in the 2nd quarter valued at $164,441,000. Nomura Asset Management Co. Ltd. bought a new position in HUYA in the 2nd quarter valued at $204,000. Finally, BKS Advisors LLC bought a new position in HUYA in the 2nd quarter valued at $230,000. Institutional investors own 5.86% of the company’s stock.
HUYA opened at $23.02 on Wednesday. HUYA Inc – has a 12-month low of $15.25 and a 12-month high of $50.82.
Several equities analysts have commented on the company. Goldman Sachs Group assumed coverage on HUYA in a research report on Friday, August 3rd. They issued a “neutral” rating and a $34.00 price objective on the stock. CLSA assumed coverage on HUYA in a research report on Tuesday, September 4th. They issued an “outperform” rating and a $33.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $36.00.
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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