Connor Clark & Lunn Investment Management Ltd. boosted its position in Gaotu Techedu Inc. (NYSE:GOTU - Free Report) by 2,782.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 301,892 shares of the company's stock after purchasing an additional 291,419 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.12% of Gaotu Techedu worth $981,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in GOTU. Two Sigma Advisers LP bought a new position in Gaotu Techedu in the fourth quarter worth about $41,000. PFG Investments LLC bought a new position in Gaotu Techedu in the first quarter worth about $76,000. Two Sigma Securities LLC bought a new position in Gaotu Techedu in the fourth quarter worth about $86,000. Lighthouse Investment Partners LLC bought a new position in Gaotu Techedu in the fourth quarter worth about $103,000. Finally, XTX Topco Ltd bought a new position in Gaotu Techedu in the first quarter worth about $205,000. 48.42% of the stock is currently owned by institutional investors.
Gaotu Techedu Price Performance
Gaotu Techedu stock traded up $0.0050 during trading hours on Friday, reaching $3.7050. The stock had a trading volume of 278,023 shares, compared to its average volume of 1,723,931. The company has a market cap of $938.07 million, a price-to-earnings ratio of -7.56 and a beta of 0.20. The business's 50 day moving average price is $3.69 and its 200-day moving average price is $3.39. Gaotu Techedu Inc. has a 52 week low of $1.87 and a 52 week high of $4.59.
Gaotu Techedu declared that its Board of Directors has initiated a stock buyback program on Thursday, May 15th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.
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.
Further Reading
Before you consider Gaotu Techedu, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gaotu Techedu wasn't on the list.
While Gaotu Techedu currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access