Gaotu Techedu Inc. $GOTU Stock Holdings Lowered 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 lessened its stake in Gaotu Techedu Inc. (NYSE:GOTU - Free Report) by 49.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 164,969 shares of the company's stock after selling 160,431 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.06% of Gaotu Techedu worth $536,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Virtu Financial LLC bought a new stake in Gaotu Techedu in the first quarter valued at about $137,000. Invesco Ltd. increased its holdings in shares of Gaotu Techedu by 2.3% in the 1st quarter. Invesco Ltd. now owns 126,090 shares of the company's stock valued at $410,000 after acquiring an additional 2,876 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Gaotu Techedu by 2,782.6% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 301,892 shares of the company's stock valued at $981,000 after acquiring an additional 291,419 shares in the last quarter. National Bank of Canada FI bought a new position in Gaotu Techedu during the first quarter worth $1,788,000. Finally, Pinpoint Asset Management Ltd acquired a new position in Gaotu Techedu in the first quarter worth $892,000. 48.42% of the stock is currently owned by institutional investors and hedge funds.

Gaotu Techedu Stock Up 0.3%

GOTU stock traded up $0.01 during trading on Tuesday, hitting $3.61. 450,799 shares of the company's stock traded hands, compared to its average volume of 884,536. The stock has a market capitalization of $914.02 million, a price-to-earnings ratio of -9.50 and a beta of 0.24. Gaotu Techedu Inc. has a 52 week low of $1.87 and a 52 week high of $4.59. The stock has a fifty day moving average price of $3.69 and a two-hundred day moving average price of $3.53.

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

About Gaotu Techedu

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.