Jane Street Group LLC Has $982,000 Stake in Tuya Inc. (NYSE:TUYA)

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

Other large investors also recently added to or reduced their stakes in the company. Northern Trust Corp grew its holdings in shares of Tuya by 108.0% during the fourth quarter. Northern Trust Corp now owns 423,721 shares of the company's stock valued at $758,000 after buying an additional 220,056 shares in the last quarter. Boothbay Fund Management LLC boosted its position in Tuya by 46.0% during the 4th quarter. Boothbay Fund Management LLC now owns 20,000 shares of the company's stock worth $36,000 after acquiring an additional 6,300 shares during the period. Price T Rowe Associates Inc. MD purchased a new position in Tuya during the 4th quarter valued at about $2,292,000. Marshall Wace LLP increased its holdings in shares of Tuya by 1.8% in the 4th quarter. Marshall Wace LLP now owns 1,204,026 shares of the company's stock valued at $2,155,000 after purchasing an additional 21,424 shares during the period. Finally, Barclays PLC lifted its position in shares of Tuya by 60.5% in the fourth quarter. Barclays PLC now owns 434,814 shares of the company's stock worth $778,000 after purchasing an additional 163,971 shares in the last quarter. 11.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Tuya from a "strong-buy" rating to a "buy" rating in a research report on Thursday.

Tuya Stock Up 0.8%

Tuya stock opened at $2.51 on Friday. Tuya Inc. has a 12 month low of $1.28 and a 12 month high of $4.63. The stock has a market cap of $1.35 billion, a P/E ratio of -83.67 and a beta of 0.46. The company's fifty day simple moving average is $2.55 and its 200-day simple moving average is $2.41.

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

Tuya Announces Dividend

The company also recently disclosed a -- dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, March 13th were given a dividend of $0.0608 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a yield of 6.1%. Tuya's payout ratio is 400.00%.

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.

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