In this article we discuss the 5 best cheap tech stocks to buy according to Cathie Wood. If you want to read our detailed analysis of Wood‘s history, and hedge fund performance, go directly to the 10 Best Cheap Tech Stocks to Buy According to Cathie Wood.
5. HUYA Inc. (NYSE: HUYA)
Number of Hedge Fund Holders: 13
HUYA Inc. (NYSE: HUYA) is a China-based company that operates game live streaming platforms. It was founded in 2014 and is placed fifth on our list of 10 best cheap tech stocks to buy according to Cathie Wood. ARK Investment holds close to 11 million shares in the company worth over $214 million. This represents 0.42% of their investment portfolio. HUYA offers streaming services for over 4,000 games, as well as for other sectors such as talent shows, anime, outdoor activities, live chats, and online theatre, among others.
On May 18, HUYA Inc. (NYSE: HUYA) posted earnings results for the first quarter of 2021, reporting earnings per share of $0.17, beating market predictions by $0.03. The revenue for the first three months of 2021 was close to $400 million, up 16% year-on-year.
Out of the hedge funds being tracked by Insider Monkey, Hong Kong-based investment firm Segantii Capital is a leading shareholder in HUYA Inc. (NYSE: HUYA) with 2.2 million shares worth more than $44 million.