Gaotu Techedu Inc. $GOTU Shares Sold by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC reduced its stake in Gaotu Techedu Inc. by 49.3%, owning 164,969 shares after selling 160,431 shares in Q1 2023.
• The company's shares are down 2.3% and currently trading at $3.56, with a market cap of $900.09 million.
• Gaotu Techedu reported a loss of ($0.12) EPS for the last quarter and had revenue significantly below analyst expectations at $27.09 million.

Cubist Systematic Strategies LLC lowered its holdings in Gaotu Techedu Inc. (NYSE:GOTU - Free Report) by 49.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 164,969 shares of the company's stock after selling 160,431 shares during the period. Cubist Systematic Strategies LLC owned about 0.06% of Gaotu Techedu worth $536,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GOTU. Invesco Ltd. lifted its holdings in Gaotu Techedu by 2.3% during the 1st quarter. Invesco Ltd. now owns 126,090 shares of the company's stock worth $410,000 after buying an additional 2,876 shares during the last quarter. Two Sigma Advisers LP bought a new position in Gaotu Techedu during the 4th quarter worth approximately $41,000. PFG Investments LLC bought a new position in Gaotu Techedu during the 1st quarter worth approximately $76,000. Virtu Financial LLC bought a new position in Gaotu Techedu during the 1st quarter worth approximately $137,000. Finally, Lighthouse Investment Partners LLC bought a new position in Gaotu Techedu during the 4th quarter worth approximately $103,000. Hedge funds and other institutional investors own 48.42% of the company's stock.

Gaotu Techedu Stock Up 1.4%

NYSE:GOTU traded up $0.05 during trading hours on Friday, reaching $3.70. 604,129 shares of the stock were exchanged, compared to its average volume of 847,006. The firm has a 50 day simple moving average of $3.69 and a 200-day simple moving average of $3.52. Gaotu Techedu Inc. has a 52 week low of $1.87 and a 52 week high of $4.59. The stock has a market capitalization of $937.05 million, a P/E ratio of -9.74 and a beta of 0.24.

Gaotu Techedu (NYSE:GOTU - Get Free Report) last released its earnings results on Tuesday, August 26th. The company reported ($0.12) EPS for the quarter, topping analysts' consensus estimates of ($0.16) by $0.04. Gaotu Techedu had a negative return on equity of 37.66% and a negative net margin of 12.97%.The company had revenue of $27.09 million for the quarter, compared to the consensus estimate of $182.85 million. Gaotu Techedu has set its Q3 2025 guidance at EPS.

Gaotu Techedu Profile

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.