Jump Financial LLC Invests $349,000 in Tuya Inc. Sponsored ADR $TUYA

Jump Financial LLC purchased a new position in shares of Tuya Inc. Sponsored ADR (NYSE:TUYA - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 115,200 shares of the company's stock, valued at approximately $349,000.

Other large investors have also recently bought and sold shares of the company. Barclays PLC grew its holdings in shares of Tuya by 60.5% during the fourth quarter. Barclays PLC now owns 434,814 shares of the company's stock worth $778,000 after buying an additional 163,971 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new stake in Tuya during the fourth quarter worth about $2,292,000. Northern Trust Corp boosted its position in 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 purchasing an additional 220,056 shares during the last quarter. BNP Paribas Financial Markets bought a new position in Tuya in the fourth quarter valued at approximately $121,000. Finally, Cubist Systematic Strategies LLC increased its position in shares of 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 last quarter. Institutional investors own 11.47% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TUYA shares. Jefferies Financial Group assumed coverage on shares of Tuya in a report on Tuesday, August 5th. They set a "buy" rating and a $3.49 target price on the stock. Wall Street Zen cut shares of Tuya from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Tuya has a consensus rating of "Buy" and an average target price of $3.49.

Tuya Stock Performance

Shares of TUYA traded down $0.05 during mid-day trading on Thursday, reaching $2.49. The company had a trading volume of 1,033,718 shares, compared to its average volume of 1,882,445. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 49.71 and a beta of 0.47. The company's 50 day simple moving average is $2.47 and its 200 day simple moving average is $2.68. Tuya Inc. Sponsored ADR has a 1-year low of $1.28 and a 1-year high of $4.63.

Tuya Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Thursday, September 11th will be paid a $0.054 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date of this dividend is Thursday, September 11th.

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.