Barclays PLC boosted its stake in Gaotu Techedu Inc. (NYSE:GOTU - Free Report) by 195.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 215,982 shares of the company's stock after purchasing an additional 142,974 shares during the period. Barclays PLC owned about 0.08% of Gaotu Techedu worth $473,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in GOTU. Catalyst Funds Management Pty Ltd bought a new position in shares of Gaotu Techedu during the fourth quarter valued at $38,000. JPMorgan Chase & Co. raised its stake in Gaotu Techedu by 14.9% during the third quarter. JPMorgan Chase & Co. now owns 832,996 shares of the company's stock worth $3,265,000 after buying an additional 108,224 shares during the last quarter. Finally, Norges Bank bought a new position in Gaotu Techedu during the fourth quarter worth $3,583,000. Institutional investors own 48.42% of the company's stock.
Gaotu Techedu Price Performance
NYSE GOTU traded up $0.22 during mid-day trading on Thursday, reaching $4.02. 6,782,376 shares of the stock were exchanged, compared to its average volume of 2,273,314. Gaotu Techedu Inc. has a one year low of $1.87 and a one year high of $8.44. The stock has a 50 day simple moving average of $3.15 and a 200-day simple moving average of $2.77. The stock has a market cap of $1.04 billion, a P/E ratio of -7.01 and a beta of 0.29.
Gaotu Techedu (NYSE:GOTU - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of ($0.05) by $0.12. Gaotu Techedu had a negative net margin of 26.36% and a negative return on equity of 37.79%.
About Gaotu Techedu
(
Free Report)
Gaotu Techedu Inc, a technology-driven education company, provides learning services, educational content, and digitalized learning products in the People's Republic of China. The company offers traditional online academic subject tutoring services that covers academic subjects, such as mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science for students; non-academic tutoring services; personal interest courses comprising chess learning, family relationships and education, humanities, and science courses; and professional courses primarily for college students and adults preparing for professional qualification exams, such as teacher's qualification, Chartered Financial Analyst designation, Certified Public Accountant designation, and other exams.
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