Bank of America Corp DE increased its stake in shares of Youdao, Inc. (NYSE:DAO - Free Report) by 13,310.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,050 shares of the company's stock after purchasing an additional 31,811 shares during the quarter. Bank of America Corp DE's holdings in Youdao were worth $237,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Jane Street Group LLC acquired a new position in Youdao in the fourth quarter valued at approximately $119,000. Norges Bank acquired a new position in Youdao in the fourth quarter valued at approximately $715,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Youdao in the fourth quarter valued at approximately $554,000. Blue Trust Inc. lifted its holdings in Youdao by 29.1% in the fourth quarter. Blue Trust Inc. now owns 8,733 shares of the company's stock valued at $65,000 after buying an additional 1,969 shares during the period. Finally, Walleye Capital LLC acquired a new position in Youdao in the fourth quarter valued at approximately $401,000. 21.91% of the stock is currently owned by institutional investors and hedge funds.
Youdao Price Performance
DAO traded up $0.07 during mid-day trading on Friday, hitting $8.80. The stock had a trading volume of 49,049 shares, compared to its average volume of 126,883. The stock's fifty day simple moving average is $8.57 and its 200-day simple moving average is $8.12. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 88.00 and a beta of 0.34. Youdao, Inc. has a 1-year low of $2.86 and a 1-year high of $11.82.
Youdao (NYSE:DAO - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.12). The firm 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 3.75% and a net margin of 1.50%.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen lowered shares of Youdao from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd.
View Our Latest Stock Analysis on Youdao
Youdao Company Profile
(
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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