Tuya Inc. (NYSE:TUYA) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP lifted its holdings in Tuya Inc. (NYSE:TUYA - Free Report) by 250.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 404,300 shares of the company's stock after acquiring an additional 289,000 shares during the period. Two Sigma Advisers LP owned approximately 0.08% of Tuya worth $724,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership increased its position in shares of Tuya by 497.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,144,103 shares of the company's stock worth $3,838,000 after acquiring an additional 1,784,940 shares in the last quarter. Barclays PLC increased its position in shares of Tuya by 60.5% in the fourth quarter. Barclays PLC now owns 434,814 shares of the company's stock worth $778,000 after acquiring an additional 163,971 shares in the last quarter. Millennium Management LLC increased its position in shares of Tuya by 35.4% in the fourth quarter. Millennium Management LLC now owns 1,992,779 shares of the company's stock worth $3,567,000 after acquiring an additional 521,515 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in shares of Tuya in the fourth quarter worth $2,292,000. Finally, Northern Trust Corp increased its position in shares of Tuya by 108.0% in the fourth quarter. Northern Trust Corp now owns 423,721 shares of the company's stock worth $758,000 after acquiring an additional 220,056 shares in the last quarter. Institutional investors and hedge funds own 11.47% of the company's stock.

Wall Street Analyst Weigh In

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

Tuya Price Performance

TUYA traded up $0.15 during trading hours on Wednesday, reaching $2.64. 2,712,079 shares of the stock traded hands, compared to its average volume of 1,864,611. The firm's fifty day simple moving average is $2.39 and its two-hundred day simple moving average is $2.47. The company has a market cap of $1.42 billion, a price-to-earnings ratio of -88.00 and a beta of 0.47. Tuya Inc. has a fifty-two week low of $1.28 and a fifty-two week high of $4.63.

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

Tuya Company 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.