California Public Employees Retirement System Acquires 43,778 Shares of Tuya Inc. (NYSE:TUYA)

California Public Employees Retirement System lifted its holdings in Tuya Inc. (NYSE:TUYA) by 10.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 459,742 shares of the company’s stock after acquiring an additional 43,778 shares during the period. California Public Employees Retirement System owned 0.09% of Tuya worth $1,057,000 at the end of the most recent reporting period.

Separately, Krane Funds Advisors LLC boosted its stake in Tuya by 12.6% during the third quarter. Krane Funds Advisors LLC now owns 341,122 shares of the company’s stock valued at $529,000 after buying an additional 38,115 shares during the last quarter. 11.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised Tuya from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th.

Tuya Price Performance

NYSE:TUYA opened at $1.81 on Monday. The firm has a market capitalization of $912.94 million, a price-to-earnings ratio of -16.45 and a beta of 0.30. Tuya Inc. has a 1 year low of $1.40 and a 1 year high of $2.50. The business has a 50 day simple moving average of $1.80 and a 200-day simple moving average of $1.88.

Tuya (NYSE:TUYA) last issued its quarterly earnings results on Tuesday, February 27th. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). Tuya had a negative return on equity of 4.66% and a negative net margin of 26.23%. The firm had revenue of $64.41 million for the quarter, compared to the consensus estimate of $61.94 million. As a group, analysts expect that Tuya Inc. will post -0.04 earnings per share for the current fiscal year.

About Tuya

Tuya Inc offers Internet of Things (IoT) cloud development platform in the People's Republic of China and internationally. The company provides IoT platform-as-a-service that enables brands, original equipment manufacturers, 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.