Invesco Ltd. Cuts Stock Holdings in Tuya Inc. (NYSE:TUYA)

Invesco Ltd. lessened its holdings in Tuya Inc. (NYSE:TUYA - Free Report) by 31.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 665,454 shares of the company's stock after selling 308,155 shares during the period. Invesco Ltd. owned about 0.12% of Tuya worth $1,191,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Arrowstreet Capital Limited Partnership lifted its position in shares of Tuya by 497.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,144,103 shares of the company's stock valued at $3,838,000 after buying an additional 1,784,940 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Tuya by 141.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,530,291 shares of the company's stock worth $2,739,000 after acquiring an additional 896,605 shares in the last quarter. HCEP Management Ltd purchased a new stake in shares of Tuya during the 4th quarter valued at $568,000. Pictet Asset Management Holding SA boosted its position in shares of Tuya by 188.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 292,601 shares of the company's stock worth $524,000 after purchasing an additional 191,085 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new position in Tuya during the 4th quarter worth $139,000. 11.47% of the stock is currently owned by institutional investors.

Tuya Price Performance

Shares of NYSE:TUYA opened at $2.31 on Friday. The business's 50-day moving average is $2.90 and its 200 day moving average is $2.31. Tuya Inc. has a 1 year low of $1.28 and a 1 year high of $4.63. The firm has a market capitalization of $1.24 billion, a P/E ratio of -76.83 and a beta of 0.43.

Tuya (NYSE:TUYA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). Tuya had a negative net margin of 5.55% and a negative return on equity of 0.58%. The company had revenue of $82.06 million for the quarter, compared to analysts' expectations of $81.40 million.

Tuya Announces Dividend

The business also recently disclosed a -- dividend, which was paid on Tuesday, April 15th. Stockholders of record on Thursday, March 13th were issued a $0.0608 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a dividend yield of 6.1%. Tuya's dividend payout ratio (DPR) is presently 400.00%.

Tuya Company Profile

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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