Tuya Inc. (NYSE:TUYA) Shares Bought by Millennium Management LLC

Millennium Management LLC increased its position in Tuya Inc. (NYSE:TUYA - Free Report) by 35.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,992,779 shares of the company's stock after acquiring an additional 521,515 shares during the period. Millennium Management LLC owned approximately 0.37% of Tuya worth $3,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership raised its stake in shares of Tuya by 497.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,144,103 shares of the company's stock valued at $3,838,000 after buying an additional 1,784,940 shares during the last quarter. 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 worth $2,739,000 after buying an additional 896,605 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new position in shares of Tuya during the 4th quarter worth approximately $2,292,000. Marshall Wace LLP boosted its holdings in shares of Tuya by 1.8% during the 4th quarter. Marshall Wace LLP now owns 1,204,026 shares of the company's stock worth $2,155,000 after purchasing an additional 21,424 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Tuya by 60.5% during the 4th quarter. Barclays PLC now owns 434,814 shares of the company's stock worth $778,000 after purchasing an additional 163,971 shares during the last quarter. Hedge funds and other institutional investors own 11.47% of the company's stock.

Tuya Price Performance

TUYA traded up $0.01 during trading hours on Monday, reaching $2.43. The company's stock had a trading volume of 1,305,570 shares, compared to its average volume of 1,850,857. Tuya Inc. has a fifty-two week low of $1.28 and a fifty-two week high of $4.63. The stock has a market cap of $1.31 billion, a PE ratio of -80.83 and a beta of 0.46. The business's 50-day moving average is $2.43 and its 200-day moving average is $2.46.

Tuya (NYSE:TUYA - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The company reported $0.02 EPS for the quarter, meeting analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $73.20 million.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Tuya from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd.

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.