UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1 Million Stock Position in Tuya Inc. (NYSE:TUYA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings 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 institutional investor owned 560,101 shares of the company's stock after buying an additional 209,985 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.10% of Tuya worth $1,003,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Boothbay Fund Management LLC boosted its stake in shares of Tuya by 46.0% in the 4th quarter. Boothbay Fund Management LLC now owns 20,000 shares of the company's stock valued at $36,000 after purchasing an additional 6,300 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Tuya in the 4th quarter valued at $40,000. Numerai GP LLC acquired a new stake in shares of Tuya in the 4th quarter valued at $41,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Tuya by 157.9% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,200 shares of the company's stock valued at $52,000 after purchasing an additional 17,877 shares in the last quarter. Finally, Sei Investments Co. boosted 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 purchasing an additional 16,010 shares in the last quarter. Institutional investors and hedge funds own 11.47% of the company's stock.

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 Stock Performance

Shares of NYSE:TUYA traded down $0.22 on Friday, hitting $2.52. The stock had a trading volume of 1,347,600 shares, compared to its average volume of 1,932,088. The firm's 50 day moving average price is $2.39 and its 200-day moving average price is $2.52. Tuya Inc. has a twelve month low of $1.28 and a twelve month high of $4.63. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of -83.83 and a beta of 0.47.

Tuya (NYSE:TUYA - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $74.69 million for the quarter, compared to the consensus estimate 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.