D. E. Shaw & Co. Inc. Has $565,000 Holdings in Tuya Inc. (NYSE:TUYA)

D. E. Shaw & Co. Inc. raised its stake in Tuya Inc. (NYSE:TUYA) by 16.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 315,415 shares of the company’s stock after buying an additional 44,338 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.06% of Tuya worth $565,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership increased its stake in shares of Tuya by 497.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,144,103 shares of the company’s stock valued at $3,838,000 after acquiring an additional 1,784,940 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Tuya by 141.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,530,291 shares of the company’s stock valued at $2,739,000 after purchasing an additional 896,605 shares during the period. Price T Rowe Associates Inc. MD bought a new stake in Tuya in the fourth quarter valued at approximately $2,292,000. Marshall Wace LLP increased its stake in Tuya by 1.8% in the fourth 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 in the last quarter. Finally, Barclays PLC raised its holdings in 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 during the period. Institutional investors and hedge funds own 11.47% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Tuya from a “strong-buy” rating to a “buy” rating in a report on Thursday.

Tuya Trading Down 3.4%

NYSE:TUYA opened at $2.43 on Monday. Tuya Inc. has a 1 year low of $1.28 and a 1 year high of $4.63. The stock has a 50-day moving average price of $2.53 and a two-hundred day moving average price of $2.43. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -80.83 and a beta of 0.46.

Tuya (NYSE:TUYA) last released its quarterly earnings data on Tuesday, May 20th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. The business had revenue of $74.69 million for 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 Dividend Announcement

The business also recently announced a — dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, March 13th were paid a $0.0608 dividend. This represents a yield of 6.1%. The ex-dividend date was Thursday, March 13th. Tuya’s payout ratio is presently 100.00%.

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.