Cubist Systematic Strategies LLC Acquires New Stake in DouYu International Holdings Limited Sponsored ADR $DOYU

Cubist Systematic Strategies LLC acquired a new stake in shares of DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 44,361 shares of the company’s stock, valued at approximately $331,000.

Several other large investors also recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd boosted its stake in DouYu International by 29.7% during the fourth quarter. Point72 Hong Kong Ltd now owns 714,592 shares of the company’s stock valued at $8,011,000 after buying an additional 163,509 shares during the period. Bank of America Corp DE lifted its stake in DouYu International by 113.5% during the fourth quarter. Bank of America Corp DE now owns 85,743 shares of the company’s stock worth $961,000 after purchasing an additional 45,573 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in DouYu International by 8.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,532 shares of the company’s stock worth $555,000 after purchasing an additional 3,815 shares during the last quarter. XTX Topco Ltd lifted its stake in DouYu International by 120.2% during the first quarter. XTX Topco Ltd now owns 23,024 shares of the company’s stock worth $172,000 after purchasing an additional 12,568 shares during the last quarter. Finally, Headlands Technologies LLC lifted its stake in DouYu International by 59.2% during the first quarter. Headlands Technologies LLC now owns 11,059 shares of the company’s stock worth $83,000 after purchasing an additional 4,111 shares during the last quarter. Institutional investors own 17.86% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citigroup dropped their price target on DouYu International from $10.50 to $7.00 and set a “neutral” rating for the company in a research note on Tuesday, May 27th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $7.00.

DouYu International Trading Down 0.9%

DOYU opened at $8.03 on Friday. The company has a market cap of $242.35 million, a P/E ratio of -8.82 and a beta of 0.57. The business’s 50-day moving average price is $7.92 and its 200-day moving average price is $7.32. DouYu International Holdings Limited Sponsored ADR has a 12 month low of $5.68 and a 12 month high of $16.99.

DouYu International (NASDAQ:DOYU) last released its quarterly earnings data on Monday, August 18th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.20. The firm had revenue of $147.11 million for the quarter, compared to the consensus estimate of $970.58 million. DouYu International had a negative return on equity of 3.32% and a negative net margin of 4.73%.

DouYu International Company Profile

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.