Marshall Wace North America L.P. cut its position in shares of Tuya Inc. (NYSE:TUYA) by 91.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,915 shares of the company’s stock after selling 153,636 shares during the quarter. Marshall Wace North America L.P.’s holdings in Tuya were worth $342,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Tuya during the second quarter valued at about $72,000. Tudor Investment Corp Et Al purchased a new stake in shares of Tuya in the first quarter worth approximately $206,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Tuya in the second quarter worth approximately $275,000. Davidson Kempner Capital Management LP purchased a new stake in shares of Tuya in the first quarter worth approximately $444,000. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Tuya in the first quarter worth approximately $1,169,000. 8.75% of the stock is owned by institutional investors.
Separately, Zacks Investment Research lowered shares of Tuya from a “hold” rating to a “sell” rating in a research report on Saturday, November 13th.
Tuya (NYSE:TUYA) last issued its quarterly earnings data on Sunday, November 21st. The company reported ($0.06) earnings per share for the quarter, meeting the consensus estimate of ($0.06). Analysts predict that Tuya Inc. will post -0.21 earnings per share for the current year.
Tuya Company Profile
Tuya Inc operates an Internet of Things (IoT) cloud platform worldwide. It provides IoT cloud platform that delivers a suite of offerings, including Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS) to original equipment manufacturers, industry operators, and system integrators. The company's IoT PaaS enables businesses and developers to develop, launch, manage, and monetize software-enabled devices and services; and industry SaaS offering enables businesses to deploy, connect, and manage various types of smart devices.
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