Pictet Asset Management Holding SA Boosts Stock Position in Tuya Inc. (NYSE:TUYA)

Pictet Asset Management Holding SA boosted its holdings in shares of Tuya Inc. (NYSE:TUYA - Free Report) by 188.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 292,601 shares of the company's stock after purchasing an additional 191,085 shares during the period. Pictet Asset Management Holding SA owned approximately 0.05% of Tuya worth $524,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. EntryPoint Capital LLC acquired a new stake in shares of Tuya during the fourth quarter worth $139,000. Sei Investments Co. increased its stake in shares of Tuya by 37.5% during the fourth quarter. Sei Investments Co. now owns 58,726 shares of the company's stock worth $105,000 after acquiring an additional 16,010 shares during the period. Virtu Financial LLC purchased a new position in Tuya during the fourth quarter worth about $40,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings 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 purchasing an additional 17,877 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Tuya by 141.5% in the 4th 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 in the last quarter. 11.47% of the stock is currently owned by institutional investors and hedge funds.

Tuya Price Performance

Shares of TUYA stock traded up $0.09 during trading hours on Monday, reaching $2.11. 277,418 shares of the company's stock were exchanged, compared to its average volume of 1,592,884. Tuya Inc. has a 1 year low of $1.28 and a 1 year high of $4.63. The company has a market cap of $1.14 billion, a P/E ratio of -69.63 and a beta of 0.43. The company's 50 day moving average is $3.23 and its two-hundred day moving average is $2.28.

Tuya (NYSE:TUYA - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $0.02 EPS 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 business had revenue of $82.06 million during the quarter, compared to analyst estimates of $81.40 million.

Tuya Announces Dividend

The business also recently announced a -- dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.0608 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a yield of 6.1%. Tuya's payout ratio is currently 400.00%.

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.