Carmignac Gestion Boosts Stock Position in Tuya Inc. (NYSE:TUYA)

Carmignac Gestion raised its stake in shares of Tuya Inc. (NYSE:TUYA) by 24.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,890,200 shares of the company’s stock after buying an additional 952,100 shares during the quarter. Carmignac Gestion owned about 0.97% of Tuya worth $11,247,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. IvyRock Asset Management HK Ltd bought a new position in shares of Tuya in the fourth quarter worth approximately $322,000. California Public Employees Retirement System lifted its position in Tuya by 10.5% in the 4th quarter. California Public Employees Retirement System now owns 459,742 shares of the company’s stock valued at $1,057,000 after acquiring an additional 43,778 shares in the last quarter. Krane Funds Advisors LLC boosted its stake in Tuya by 12.6% during the 3rd quarter. Krane Funds Advisors LLC now owns 341,122 shares of the company’s stock valued at $529,000 after purchasing an additional 38,115 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in shares of Tuya in the 4th quarter worth $73,000. 11.47% of the stock is owned by institutional investors.

Tuya Stock Down 4.5 %

Shares of TUYA stock traded down $0.09 during mid-day trading on Monday, hitting $1.93. The company’s stock had a trading volume of 373,829 shares, compared to its average volume of 278,251. Tuya Inc. has a 52-week low of $1.40 and a 52-week high of $2.50. The business has a 50-day moving average price of $1.83 and a 200 day moving average price of $1.92.

About Tuya

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.