Barclays PLC Has $447,000 Position in Tuya Inc. (NYSE:TUYA)

Barclays PLC increased its stake in shares of Tuya Inc. (NYSE:TUYA) by 3.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 270,843 shares of the company’s stock after purchasing an additional 9,307 shares during the quarter. Barclays PLC owned approximately 0.05% of Tuya worth $447,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Acadian Asset Management LLC increased its holdings in shares of Tuya by 59.2% during the second quarter. Acadian Asset Management LLC now owns 665,730 shares of the company’s stock worth $1,132,000 after buying an additional 247,592 shares in the last quarter. XTX Topco Ltd bought a new stake in Tuya during the 2nd quarter worth $27,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings 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 purchasing an additional 302,261 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Tuya by 60.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 350,116 shares of the company’s stock valued at $578,000 after purchasing an additional 132,200 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Tuya in the third quarter valued at about $116,000. Institutional investors own 11.47% of the company’s stock.

Tuya Stock Performance

NYSE:TUYA opened at $1.74 on Friday. The stock’s 50-day moving average is $1.70 and its 200-day moving average is $1.62. Tuya Inc. has a 1-year low of $1.28 and a 1-year high of $2.32. The stock has a market cap of $877.63 million, a P/E ratio of -58.00 and a beta of 0.45.

Tuya 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.