Jump Financial LLC acquired a new stake in Tuya Inc. Sponsored ADR (NYSE:TUYA - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 115,200 shares of the company's stock, valued at approximately $349,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Baader Bank Aktiengesellschaft purchased a new stake in Tuya in the first quarter valued at $32,000. Numerai GP LLC acquired a new stake in Tuya during the 4th quarter worth about $41,000. Belvedere Trading LLC acquired a new stake in Tuya during the 1st quarter worth about $120,000. BNP Paribas Financial Markets acquired a new stake in Tuya during the 4th quarter worth about $121,000. Finally, Cubist Systematic Strategies LLC grew its position in Tuya by 36.8% during the 4th quarter. Cubist Systematic Strategies LLC now owns 90,571 shares of the company's stock worth $162,000 after purchasing an additional 24,377 shares during the period. 11.47% of the stock is currently owned by institutional investors and hedge funds.
Tuya Price Performance
TUYA stock traded up $0.04 during midday trading on Friday, hitting $2.52. 1,944,219 shares of the stock traded hands, compared to its average volume of 1,887,865. The firm has a market cap of $1.36 billion, a P/E ratio of 50.31 and a beta of 0.47. The stock's fifty day simple moving average is $2.48 and its 200-day simple moving average is $2.66. Tuya Inc. Sponsored ADR has a 1-year low of $1.28 and a 1-year high of $4.63.
Tuya Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Thursday, September 11th will be issued a dividend of $0.054 per share. This represents a $0.22 annualized dividend and a yield of 8.6%. The ex-dividend date of this dividend is Thursday, September 11th.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. Jefferies Financial Group assumed coverage on Tuya in a research report on Tuesday, August 5th. They set a "buy" rating and a $3.49 price target on the stock. Wall Street Zen downgraded Tuya from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $3.49.
Read Our Latest Research Report on Tuya
Tuya Company Profile
(
Free Report)
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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