Hedge funds value Gaotu Techedu
Several hedge funds have recently changed their stock holdings. State Street Corp increased its stake in Gaotu Techedu shares by 4.5% in the third quarter. State Street Corp now owns 1,313,502 shares of the company’s stock valued at $1,589,000 after purchasing an additional 56,287 shares last quarter. Vanguard Group Inc. increased its stake in Gaotu Techedu shares by 4.5% in the third quarter. Vanguard Group Inc. now owns 5,508,954 shares of the company’s stock valued at $6,666,000 after purchasing an additional 238,918 shares last quarter. Cubist Systematic Strategies LLC increased its stake in Gaotu Techedu shares by 197.0% in the third quarter. Cubist Systematic Strategies LLC now owns 159,935 shares of the company’s stock valued at $194,000 after purchasing an additional 106,080 shares last quarter. Nuveen Asset Management LLC increased its stake in Gaotu Techedu by 54.8% in the third quarter. Nuveen Asset Management LLC now owns 246,300 shares of the company’s stock valued at $298,000 after purchasing an additional 87,200 shares last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Gaotu Techedu by 148.6% in the third quarter. Envestnet Asset Management Inc. now owns 75,679 shares of the company’s stock valued at $92,000 after purchasing an additional 45,235 shares last quarter. Hedge funds and other institutional investors own 14.49% of the company’s shares.
Gaotu Techedu stock performance
Shares of GOTU rose $0.54 midday on Friday to hit $3.12. The stock had a trading volume of 24,877,433 shares compared to an average volume of 4,058,234. The company has a market cap of $801.94 million, a price to earnings ratio of 22.29 and a beta of -0.73. Gaotu Techedu has a 12-month low of $0.64 and a 12-month high of $3.14. The company has a 50-day moving average of $1.14 and a 200-day moving average of $1.47.
Gaotu Techedu (NYSE:GOTU – Get Rating) last released its quarterly earnings results on Tuesday, November 22nd. The company reported earnings per share of $0.03 for the quarter. The company had revenue of $85.21 million for the quarter. Gaotu Techedu had a return on equity of 8.29% and a net margin of 7.77%.
Gaotu Techedu company profile
Gaotu Techedu Inc, a technology-oriented education company, provides online tutoring for K-12 school in Mainland China. The K-12 tutoring courses cover a variety of K-12 academic subjects including Math, English, Chinese, Physics, Chemistry, Biology, History, Geography, and Political Science.
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