Krane Funds Advisors LLC Decreases Stake in Tuya Inc. (NYSE:TUYA)

Krane Funds Advisors LLC trimmed its position in shares of Tuya Inc. (NYSE:TUYA) by 25.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 144,842 shares of the company’s stock after selling 50,022 shares during the period. Krane Funds Advisors LLC’s holdings in Tuya were worth $259,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TUYA. Catalina Capital Group LLC purchased a new stake in shares of Tuya in the 4th quarter valued at approximately $29,000. Virtu Financial LLC acquired a new stake in Tuya in the fourth quarter valued at $40,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Tuya by 157.9% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,200 shares of the company’s stock worth $52,000 after buying an additional 17,877 shares during the last quarter. Centiva Capital LP acquired a new position in shares of Tuya during the 3rd quarter worth about $63,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Tuya during the 3rd quarter worth about $73,000. Institutional investors and hedge funds own 11.47% of the company’s stock.

Tuya Stock Down 12.0 %

Shares of Tuya stock opened at $2.46 on Monday. The firm’s 50 day moving average is $3.29 and its two-hundred day moving average is $2.26. Tuya Inc. has a 52 week low of $1.28 and a 52 week high of $4.63. The firm has a market capitalization of $1.32 billion, a P/E ratio of -81.83 and a beta of 0.43.

Tuya (NYSE:TUYA) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $81.40 million.

Tuya Dividend Announcement

The firm also recently disclosed 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. This represents a yield of 6.1%. The ex-dividend date of this dividend is Thursday, March 13th. 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.