UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Holdings in Tuya Inc. (NYSE:TUYA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Tuya Inc. (NYSE:TUYA - Free Report) by 60.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 560,101 shares of the company's stock after purchasing an additional 209,985 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.10% of Tuya worth $1,003,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TUYA. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Tuya by 141.5% during 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 purchasing an additional 896,605 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Tuya by 157.9% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,200 shares of the company's stock valued at $52,000 after acquiring an additional 17,877 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Tuya in the 4th quarter valued at approximately $40,000. Sei Investments Co. raised its stake in shares of Tuya by 37.5% in the 4th quarter. Sei Investments Co. now owns 58,726 shares of the company's stock valued at $105,000 after acquiring an additional 16,010 shares during the period. Finally, EntryPoint Capital LLC purchased a new position in shares of Tuya during the 4th quarter worth approximately $139,000. Institutional investors and hedge funds own 11.47% of the company's stock.

Wall Street Analyst Weigh In

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

Tuya Price Performance

Shares of TUYA stock traded up $0.04 on Thursday, hitting $2.73. The stock had a trading volume of 895,520 shares, compared to its average volume of 1,907,322. The company's 50 day moving average price is $2.37 and its 200-day moving average price is $2.51. Tuya Inc. has a 1 year low of $1.28 and a 1 year high of $4.63. The firm has a market capitalization of $1.47 billion, a P/E ratio of -91.00 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 earnings per share for the quarter, meeting the consensus estimate 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 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.