Korea Investment CORP Purchases Shares of 38,400 HUYA Inc – (HUYA)

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Korea Investment CORP purchased a new position 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 fund purchased 38,400 shares of the company’s stock, valued at approximately $905,000.

Other hedge funds have also modified their holdings of the company. Wells Fargo & Company MN raised its stake in shares of HUYA by 162.7% in the third quarter. Wells Fargo & Company MN now owns 4,521 shares of the company’s stock valued at $107,000 after purchasing an additional 2,800 shares in the last quarter. Bank of Montreal Can raised its stake in shares of HUYA by 3,741.5% in the third quarter. Bank of Montreal Can now owns 6,300 shares of the company’s stock valued at $149,000 after purchasing an additional 6,136 shares in the last quarter. Nomura Asset Management Co. Ltd. acquired a new position in shares of HUYA in the second quarter valued at $204,000. BKS Advisors LLC acquired a new position in shares of HUYA in the second quarter valued at $230,000. Finally, First Republic Investment Management Inc. acquired a new position in shares of HUYA in the second quarter valued at $230,000. Institutional investors own 6.55% of the company’s stock.

HUYA stock opened at $14.66 on Friday. HUYA Inc – has a 52-week low of $14.44 and a 52-week high of $50.82.

HUYA (NYSE:HUYA) last released its quarterly earnings data on Monday, November 12th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.51. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.21 billion. The company’s quarterly revenue was up 118.8% compared to the same quarter last year.

HUYA has been the subject of a number of recent research reports. Citigroup initiated coverage on HUYA in a research note on Monday, October 29th. They issued a “buy” rating and a $26.00 target price for the company. Goldman Sachs Group upgraded HUYA from a “neutral” rating to a “buy” rating and cut their target price for the company from $34.00 to $28.00 in a research note on Thursday. JPMorgan Chase & Co. initiated coverage on HUYA in a research note on Tuesday, November 27th. They issued a “neutral” rating for the company. Credit Suisse Group upgraded HUYA from a “neutral” rating to an “outperform” rating and set a $25.80 target price for the company in a research note on Tuesday, November 13th. Finally, CLSA initiated coverage on HUYA in a research note on Tuesday, September 4th. They issued an “outperform” rating and a $33.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $30.76.

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About 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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Institutional Ownership by Quarter for HUYA (NYSE:HUYA)

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