Tuya Inc. (NYSE:TUYA) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lessened its position in shares of Tuya Inc. (NYSE:TUYA - Free Report) by 20.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 548,495 shares of the company's stock after selling 143,160 shares during the quarter. Jane Street Group LLC owned approximately 0.10% of Tuya worth $982,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Catalina Capital Group LLC purchased a new position in Tuya during the 4th quarter valued at about $29,000. Boothbay Fund Management LLC grew its position in shares of Tuya by 46.0% in the fourth quarter. Boothbay Fund Management LLC now owns 20,000 shares of the company's stock valued at $36,000 after purchasing an additional 6,300 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Tuya during the 4th quarter worth approximately $40,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Tuya by 157.9% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,200 shares of the company's stock worth $52,000 after buying an additional 17,877 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Tuya by 37.5% in the fourth quarter. Sei Investments Co. now owns 58,726 shares of the company's stock worth $105,000 after acquiring an additional 16,010 shares during the last quarter. 11.47% of the stock is currently owned by hedge funds and other institutional investors.

Tuya Trading Down 3.0%

Shares of NYSE TUYA traded down $0.08 during midday trading on Wednesday, reaching $2.56. 2,401,066 shares of the stock were exchanged, compared to its average volume of 1,831,989. The stock has a 50 day moving average price of $2.46 and a 200-day moving average price of $2.44. The company has a market capitalization of $1.38 billion, a P/E ratio of -85.33 and a beta of 0.46. Tuya Inc. has a 52-week low of $1.28 and a 52-week high of $4.63.

Tuya (NYSE:TUYA - Get Free Report) last released its earnings results on Tuesday, May 20th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. Tuya had a negative net margin of 5.55% and a negative return on equity of 0.58%. The firm had revenue of $74.69 million during the quarter, compared to analysts' expectations of $73.20 million.

Tuya Dividend Announcement

The firm also recently announced a -- dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, March 13th were paid a $0.0608 dividend. The ex-dividend date was Thursday, March 13th. This represents a yield of 6.1%. Tuya's payout ratio is currently 100.00%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Tuya from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd.

About Tuya

Tuya Inc offers purpose-built Internet of Things (IoT) cloud development platform in the People's Republic of China and internationally. The company provides platform-as-a-service that enables business, original equipment manufacturers, brands, and developers to develop, launch, manage, and monetize software-enabled smart devices and services; and industry software-as-a-service, which enables businesses to deploy, connect, and manage various types of smart devices.