Jump Financial LLC Makes New Investment in DouYu International Holdings Limited (NASDAQ:DOYU)

Jump Financial LLC bought a new stake in DouYu International Holdings Limited (NASDAQ:DOYU) during the fourth quarter, Holdings Channel reports. The institutional investor bought 10,126 shares of the company’s stock, valued at approximately $114,000.

A number of other large investors also recently made changes to their positions in the business. Russell Investments Group Ltd. acquired a new position in shares of DouYu International in the 4th quarter valued at about $2,429,000. Polymer Capital Management HK LTD acquired a new position in shares of DouYu International in the 4th quarter valued at about $767,000. State Street Corp increased its holdings in shares of DouYu International by 78.0% in the 3rd quarter. State Street Corp now owns 29,528 shares of the company’s stock valued at $320,000 after purchasing an additional 12,940 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of DouYu International in the 4th quarter valued at about $206,000. Finally, Sei Investments Co. acquired a new position in shares of DouYu International in the 4th quarter valued at about $195,000. Institutional investors and hedge funds own 17.86% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DOYU. Hsbc Global Res raised shares of DouYu International from a “moderate sell” rating to a “hold” rating in a research report on Monday, March 17th. Citigroup raised shares of DouYu International from a “sell” rating to a “neutral” rating and raised their price objective for the company from $5.90 to $10.50 in a research report on Tuesday, March 18th. Finally, HSBC raised shares of DouYu International from a “reduce” rating to a “hold” rating in a research report on Monday, March 17th.

DouYu International Stock Performance

Shares of DOYU opened at $7.23 on Tuesday. DouYu International Holdings Limited has a twelve month low of $5.68 and a twelve month high of $20.17. The firm has a market cap of $228.73 million, a PE ratio of -8.22 and a beta of 0.90. The firm’s 50 day moving average price is $7.35 and its 200 day moving average price is $10.46.

DouYu International (NASDAQ:DOYU) last posted its earnings results on Friday, March 14th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.18) by $1.87. The business had revenue of $155.65 million for the quarter, compared to analyst estimates of $1.05 billion. DouYu International had a negative net margin of 4.39% and a negative return on equity of 2.92%.

About DouYu International

DouYu International Holdings Limited, together with its subsidiaries, operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming services in the People’s Republic of China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.