Two Sigma Investments LP lifted its stake in Tuya Inc. (NYSE:TUYA - Free Report) by 423.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 784,622 shares of the company's stock after acquiring an additional 634,849 shares during the period. Two Sigma Investments LP owned 0.15% of Tuya worth $1,404,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Numerai GP LLC acquired a new stake in Tuya in the fourth quarter valued at approximately $41,000. Millennium Management LLC increased its holdings in shares of Tuya by 35.4% during the fourth quarter. Millennium Management LLC now owns 1,992,779 shares of the company's stock valued at $3,567,000 after acquiring an additional 521,515 shares in the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of Tuya by 16.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 315,415 shares of the company's stock valued at $565,000 after acquiring an additional 44,338 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of Tuya by 36.8% during the fourth quarter. Cubist Systematic Strategies LLC now owns 90,571 shares of the company's stock valued at $162,000 after acquiring an additional 24,377 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of Tuya during the fourth quarter valued at about $121,000. Institutional investors own 11.47% of the company's stock.
Tuya Trading Up 2.6%
Tuya stock traded up $0.07 during mid-day trading on Friday, hitting $2.74. The company had a trading volume of 1,919,371 shares, compared to its average volume of 1,890,313. Tuya Inc. has a 12-month low of $1.28 and a 12-month high of $4.63. The company's fifty day moving average is $2.37 and its 200-day moving average is $2.48. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -91.33 and a beta of 0.47.
Tuya (NYSE:TUYA - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. Tuya had a negative return on equity of 0.58% and a negative net margin of 5.55%. The firm had revenue of $74.69 million during the quarter, compared to the consensus estimate of $73.20 million.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded shares of Tuya from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd.
View Our Latest Stock Analysis on Tuya
Tuya Profile
(
Free Report)
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.
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