Russell Investments Group Ltd. Buys Shares of 80,653 Tuya Inc. Sponsored ADR $TUYA

Russell Investments Group Ltd. bought a new stake in shares of Tuya Inc. Sponsored ADR (NYSE:TUYA) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 80,653 shares of the company’s stock, valued at approximately $244,000.

Several other large investors have also recently made changes to their positions in TUYA. Barclays PLC raised its stake 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 acquiring an additional 163,971 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new position in shares of Tuya during the fourth quarter worth approximately $2,292,000. Boothbay Fund Management LLC raised its stake in shares of Tuya by 46.0% during the fourth quarter. Boothbay Fund Management LLC now owns 20,000 shares of the company’s stock worth $36,000 after acquiring an additional 6,300 shares in the last quarter. Northern Trust Corp raised its stake in shares of Tuya by 108.0% during the fourth quarter. Northern Trust Corp now owns 423,721 shares of the company’s stock worth $758,000 after acquiring an additional 220,056 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in shares of Tuya during the fourth quarter worth approximately $121,000. 11.47% of the stock is owned by hedge funds and other institutional investors.

Tuya Stock Down 5.8%

Shares of NYSE TUYA opened at $2.65 on Tuesday. Tuya Inc. Sponsored ADR has a 52 week low of $1.28 and a 52 week high of $4.63. The firm’s fifty day moving average is $2.47 and its 200 day moving average is $2.68. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 52.95 and a beta of 0.47.

Tuya Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Thursday, September 11th will be paid a $0.054 dividend. This represents a $0.22 annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend is Thursday, September 11th.

Analyst Upgrades and Downgrades

TUYA has been the topic of several research reports. Jefferies Financial Group initiated coverage on shares of Tuya in a research note on Tuesday, August 5th. They set a “buy” rating and a $3.49 price target on the stock. Wall Street Zen downgraded shares of Tuya from a “buy” rating to a “hold” rating in a research note on Saturday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $3.49.

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.