Tuya Inc. (NYSE:TUYA) Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio grew its position in shares of Tuya Inc. (NYSE:TUYA - Free Report) by 88.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 249,459 shares of the company's stock after purchasing an additional 117,076 shares during the period. Public Employees Retirement System of Ohio's holdings in Tuya were worth $447,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Tuya by 60.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 560,101 shares of the company's stock valued at $1,003,000 after buying an additional 209,985 shares during the period. Wexford Capital LP acquired a new stake in Tuya in the fourth quarter valued at approximately $341,000. Two Sigma Advisers LP raised its holdings in Tuya by 250.7% in the fourth quarter. Two Sigma Advisers LP now owns 404,300 shares of the company's stock valued at $724,000 after acquiring an additional 289,000 shares in the last quarter. Two Sigma Investments LP lifted its stake in Tuya by 423.9% in the fourth quarter. Two Sigma Investments LP now owns 784,622 shares of the company's stock worth $1,404,000 after acquiring an additional 634,849 shares during the last quarter. Finally, Numerai GP LLC acquired a new position in Tuya during the 4th quarter worth approximately $41,000. 11.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Tuya from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd.

Tuya Trading Up 2.6%

Shares of NYSE:TUYA traded up $0.07 during midday trading on Friday, hitting $2.74. The stock had a trading volume of 1,919,371 shares, compared to its average volume of 1,883,371. 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 $2.37 and a two-hundred day moving average price of $2.48. The company has a market capitalization of $1.48 billion, a PE ratio of -91.33 and a beta of 0.47.

Tuya (NYSE:TUYA - Get Free Report) last released its earnings results on Tuesday, May 20th. The company reported $0.02 EPS for the quarter, meeting analysts' consensus estimates of $0.02. The company had revenue of $74.69 million during the quarter, compared to the consensus estimate of $73.20 million. Tuya had a negative return on equity of 0.58% and a negative net margin of 5.55%.

Tuya 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.