Vident Advisory LLC Raises Stock Position in Youdao, Inc. Unsponsored ADR $DAO

Key Points

• Vident Advisory LLC increased its stake in Youdao, Inc. by 190.2%, acquiring a total of 57,192 shares valued at $436,000 in the 1st quarter.
• Youdao's stock is currently priced at $8.71 with a market capitalization of $1.04 billion, and it has experienced a 52-week low of $3.00 and a high of $11.82.
• Recent analyst reports have downgraded Youdao from a "buy" to a "hold" rating, with a consensus rating of "Hold" from analysts.

Vident Advisory LLC boosted its stake in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO - Free Report) by 190.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,192 shares of the company's stock after purchasing an additional 37,485 shares during the period. Vident Advisory LLC's holdings in Youdao were worth $436,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DAO. Public Employees Retirement System of Ohio lifted its position in Youdao by 754.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 9,421 shares of the company's stock valued at $70,000 after purchasing an additional 8,318 shares during the period. Walleye Trading LLC bought a new position in Youdao during the first quarter valued at approximately $115,000. Jane Street Group LLC bought a new position in Youdao during the fourth quarter valued at approximately $119,000. Bank of America Corp DE lifted its position in Youdao by 13,310.0% during the fourth quarter. Bank of America Corp DE now owns 32,050 shares of the company's stock valued at $237,000 after purchasing an additional 31,811 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Youdao by 83.5% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 137,456 shares of the company's stock valued at $1,049,000 after purchasing an additional 62,568 shares during the period. Institutional investors own 21.91% of the company's stock.

Analyst Ratings Changes

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

Youdao Trading Down 0.5%

DAO traded down $0.05 during trading on Friday, hitting $8.86. 12,740 shares of the company traded hands, compared to its average volume of 86,036. The company has a market cap of $1.06 billion, a PE ratio of 31.63 and a beta of 0.39. The stock's 50-day simple moving average is $8.88 and its two-hundred day simple moving average is $8.60. Youdao, Inc. Unsponsored ADR has a 1 year low of $3.00 and a 1 year high of $11.82.

Youdao (NYSE:DAO - Get Free Report) last posted 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 for the quarter, compared to analysts' expectations of $1.38 billion. Youdao had a net margin of 4.05% and a negative return on equity of 12.10%.

About Youdao

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.