Marshall Wace LLP bought a new stake in Youdao, Inc. (NYSE:DAO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 64,791 shares of the company's stock, valued at approximately $479,000. Marshall Wace LLP owned 0.05% of Youdao at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in DAO. Norges Bank purchased a new stake in Youdao in the 4th quarter worth approximately $715,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Youdao during the fourth quarter valued at $554,000. Renaissance Technologies LLC boosted its position in Youdao by 3.3% during the fourth quarter. Renaissance Technologies LLC now owns 57,100 shares of the company's stock valued at $423,000 after purchasing an additional 1,800 shares during the last quarter. Walleye Capital LLC purchased a new position in Youdao in the fourth quarter valued at about $401,000. Finally, Blue Trust Inc. increased its position in Youdao by 29.1% in the 4th quarter. Blue Trust Inc. now owns 8,733 shares of the company's stock worth $65,000 after purchasing an additional 1,969 shares during the last quarter. 21.91% of the stock is owned by hedge funds and other institutional investors.
Youdao Stock Performance
Shares of Youdao stock traded down $0.23 during trading on Wednesday, hitting $8.82. 34,834 shares of the stock traded hands, compared to its average volume of 127,064. The stock has a market cap of $1.07 billion, a P/E ratio of 87.76 and a beta of 0.35. The company has a fifty day moving average price of $8.03 and a two-hundred day moving average price of $7.36. Youdao, Inc. has a twelve month low of $2.86 and a twelve month high of $11.82.
Youdao (NYSE:DAO - Get Free Report) last posted its 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 firm had revenue of $183.55 million during 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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