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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Tuya Inc. (NYSE:TUYA) by 60.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 350,116 shares of the company’s stock after buying an additional 132,200 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.07% of Tuya worth $578,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TUYA. Connor Clark & Lunn Investment Management Ltd. increased its stake in Tuya by 91.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 633,686 shares of the company’s stock worth $1,046,000 after acquiring an additional 302,261 shares during the last quarter. XTX Topco Ltd bought a new stake in Tuya in the second quarter worth $27,000. Finally, Acadian Asset Management LLC increased its position in Tuya by 59.2% in the second quarter. Acadian Asset Management LLC now owns 665,730 shares of the company’s stock worth $1,132,000 after purchasing an additional 247,592 shares during the last quarter. Institutional investors own 11.47% of the company’s stock.

Tuya Trading Down 1.1 %

Shares of NYSE TUYA opened at $1.80 on Friday. The firm’s 50-day moving average price is $1.66 and its 200-day moving average price is $1.62. Tuya Inc. has a 12-month low of $1.28 and a 12-month high of $2.32. The stock has a market capitalization of $907.90 million, a price-to-earnings ratio of -60.00 and a beta of 0.45.

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.