Youdao, Inc. Unsponsored ADR (NYSE:DAO) Shares Purchased by Bank of America Corp DE

Bank of America Corp DE boosted its position in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO - Free Report) by 13,310.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,050 shares of the company's stock after acquiring an additional 31,811 shares during the period. Bank of America Corp DE's holdings in Youdao were worth $237,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jane Street Group LLC purchased a new position in shares of Youdao in the fourth quarter worth $119,000. Norges Bank purchased a new position in shares of Youdao in the fourth quarter worth $715,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Youdao in the fourth quarter worth $554,000. Blue Trust Inc. raised its holdings in shares of Youdao by 29.1% in the fourth quarter. Blue Trust Inc. now owns 8,733 shares of the company's stock worth $65,000 after buying an additional 1,969 shares during the last quarter. Finally, Walleye Capital LLC purchased a new position in shares of Youdao in the fourth quarter worth $401,000. Hedge funds and other institutional investors own 21.91% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Youdao from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd.

Youdao Trading Up 0.5%

Shares of NYSE DAO traded up $0.05 during midday trading on Wednesday, reaching $8.76. The company had a trading volume of 8,865 shares, compared to its average volume of 126,322. The business's 50-day simple moving average is $8.69 and its 200 day simple moving average is $8.15. The stock has a market cap of $1.05 billion, a P/E ratio of 48.64 and a beta of 0.34. Youdao, Inc. Unsponsored ADR has a 1 year low of $2.86 and a 1 year high of $11.82.

Youdao (NYSE:DAO - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.12). The business had revenue of $191.74 million during the quarter, compared to analyst estimates of $1.30 billion. Youdao had a negative return on equity of 6.87% and a net margin of 2.67%.

About Youdao

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.