Marshall Wace LLP purchased a new position in shares of Youdao, Inc. (NYSE:DAO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 64,791 shares of the company's stock, valued at approximately $479,000. Marshall Wace LLP owned about 0.05% of Youdao at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Walleye Capital LLC bought a new stake in Youdao during the 4th quarter worth approximately $401,000. Renaissance Technologies LLC lifted its position in shares of Youdao by 3.3% in the fourth quarter. Renaissance Technologies LLC now owns 57,100 shares of the company's stock valued at $423,000 after acquiring an additional 1,800 shares in the last quarter. Norges Bank bought a new position in shares of Youdao in the fourth quarter worth about $715,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Youdao during the fourth quarter worth about $554,000. Finally, Blue Trust Inc. raised its stake in Youdao by 29.1% during the 4th quarter. Blue Trust Inc. now owns 8,733 shares of the company's stock valued at $65,000 after purchasing an additional 1,969 shares during the period. 21.91% of the stock is currently owned by hedge funds and other institutional investors.
Youdao Price Performance
Shares of DAO stock traded down $0.13 during mid-day trading on Thursday, hitting $8.72. The company had a trading volume of 20,838 shares, compared to its average volume of 126,852. The stock's 50 day moving average price is $8.03 and its 200-day moving average price is $7.37. Youdao, Inc. has a 52-week low of $2.86 and a 52-week high of $11.82. The company has a market capitalization of $1.05 billion, a P/E ratio of 87.20 and a beta of 0.35.
Youdao (NYSE:DAO - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.10 earnings per share (EPS) for the quarter. Youdao had a net margin of 1.50% and a negative return on equity of 3.75%. The company had revenue of $183.55 million for the quarter.
About Youdao
(
Free Report)
Youdao, Inc, an internet technology company, provides online services in the field of content, community, communication, and commerce in China. It operates through three segments: Learning Services, Smart Devices, and Online Marketing Services. The company provides various learning content, applications, and solutions, which cover topics and target people from various age groups for their learning needs through its websites and mobile applications.
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