State Street Corp Sells 97,560 Shares of Tuya Inc. (NYSE:TUYA)

State Street Corp reduced its stake in Tuya Inc. (NYSE:TUYA) by 7.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,301,041 shares of the company’s stock after selling 97,560 shares during the quarter. State Street Corp owned 0.26% of Tuya worth $2,214,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its holdings in shares of Tuya by 59.2% in the second quarter. Acadian Asset Management LLC now owns 665,730 shares of the company’s stock valued at $1,132,000 after purchasing an additional 247,592 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Tuya by 91.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 633,686 shares of the company’s stock valued at $1,046,000 after acquiring an additional 302,261 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Tuya by 60.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 350,116 shares of the company’s stock worth $578,000 after purchasing an additional 132,200 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Tuya in the 3rd quarter valued at about $116,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Tuya during the 3rd quarter worth about $92,000. 11.47% of the stock is owned by institutional investors and hedge funds.

Tuya Trading Up 1.1 %

Shares of NYSE TUYA opened at $1.79 on Thursday. The company has a market capitalization of $902.85 million, a P/E ratio of -59.67 and a beta of 0.45. Tuya Inc. has a 12 month low of $1.28 and a 12 month high of $2.32. The stock has a 50 day moving average of $1.69 and a 200-day moving average of $1.61.

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.