Orbis Allan Gray Ltd Has $63.63 Million Holdings in Youdao, Inc. Unsponsored ADR $DAO

Key Points

• Orbis Allan Gray Ltd reduced its stake in Youdao, Inc. by 7.1% during the first quarter, now holding approximately $63.63 million in shares.
• Bank of America Corp DE significantly increased its position in Youdao by 13,310%, now owning 32,050 shares valued at $237,000.
• Wall Street analysts have downgraded Youdao's rating from "buy" to "hold," reflecting cautious sentiment about the stock's future performance.

Orbis Allan Gray Ltd lessened its holdings in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO - Free Report) by 7.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 8,339,388 shares of the company's stock after selling 637,271 shares during the period. Orbis Allan Gray Ltd owned 6.90% of Youdao worth $63,630,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Walleye Capital LLC grew its holdings in Youdao by 226.1% during the 1st quarter. Walleye Capital LLC now owns 176,599 shares of the company's stock worth $1,347,000 after acquiring an additional 122,450 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Youdao by 83.5% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 137,456 shares of the company's stock worth $1,049,000 after acquiring an additional 62,568 shares during the period. Marshall Wace LLP acquired a new stake in Youdao during the 4th quarter worth $479,000. Vident Advisory LLC grew its holdings in Youdao by 190.2% during the 1st quarter. Vident Advisory LLC now owns 57,192 shares of the company's stock worth $436,000 after acquiring an additional 37,485 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Youdao by 3.3% during the 4th quarter. Renaissance Technologies LLC now owns 57,100 shares of the company's stock worth $423,000 after acquiring an additional 1,800 shares during the period. Institutional investors and hedge funds own 21.91% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Youdao from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

Youdao Stock Performance

NYSE DAO traded down $0.09 on Thursday, reaching $8.64. The company had a trading volume of 24,474 shares, compared to its average volume of 121,279. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 30.84 and a beta of 0.39. Youdao, Inc. Unsponsored ADR has a 1-year low of $3.00 and a 1-year high of $11.82. The company's fifty day moving average is $8.85 and its 200-day moving average is $8.67.

Youdao (NYSE:DAO - Get Free Report) last announced its earnings results on Thursday, August 14th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $197.82 million during the quarter, compared to analyst estimates of $1.38 billion. Youdao had a negative return on equity of 12.10% and a net margin of 4.05%.

Youdao Profile

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.