Principal Financial Group Inc. bought a new stake in Tuya Inc. Sponsored ADR (NYSE:TUYA - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,387,838 shares of the company's stock, valued at approximately $22,385,000. Principal Financial Group Inc. owned 1.37% of Tuya at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of TUYA. Boothbay Fund Management LLC increased its holdings in shares of Tuya by 46.0% in the 4th quarter. Boothbay Fund Management LLC now owns 20,000 shares of the company's stock valued at $36,000 after acquiring an additional 6,300 shares during the period. Virtu Financial LLC purchased a new position in Tuya in the 4th quarter valued at $40,000. Numerai GP LLC purchased a new position in Tuya in the 4th quarter valued at $41,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Tuya by 157.9% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,200 shares of the company's stock valued at $52,000 after buying an additional 17,877 shares during the last quarter. Finally, Sei Investments Co. grew its position in Tuya by 37.5% in the 4th quarter. Sei Investments Co. now owns 58,726 shares of the company's stock valued at $105,000 after buying an additional 16,010 shares during the last quarter. 11.47% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, Wall Street Zen lowered shares of Tuya from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd.
Check Out Our Latest Research Report on Tuya
Tuya Stock Down 2.4%
NYSE:TUYA traded down $0.06 during midday trading on Friday, reaching $2.45. The stock had a trading volume of 1,498,082 shares, compared to its average volume of 2,044,272. The firm has a fifty day simple moving average of $2.51 and a two-hundred day simple moving average of $2.62. Tuya Inc. Sponsored ADR has a 12-month low of $1.28 and a 12-month high of $4.63. The stock has a market cap of $1.32 billion, a P/E ratio of 61.27 and a beta of 0.46.
Tuya (NYSE:TUYA - Get Free Report) last issued its earnings results on Tuesday, May 20th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $74.69 million for the quarter, compared to analyst estimates of $73.20 million. Tuya had a net margin of 6.28% and a return on equity of 2.22%.
About Tuya
(
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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