Vident Advisory LLC Grows 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 lifted its position in Youdao, Inc. Unsponsored ADR (NYSE:DAO - Free Report) by 190.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,192 shares of the company's stock after acquiring an additional 37,485 shares during the quarter. Vident Advisory LLC's holdings in Youdao were worth $436,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in DAO. Walleye Capital LLC grew its position in Youdao by 226.1% during the first quarter. Walleye Capital LLC now owns 176,599 shares of the company's stock valued at $1,347,000 after buying an additional 122,450 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted 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 worth $1,049,000 after purchasing an additional 62,568 shares during the period. Bank of America Corp DE boosted 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 worth $237,000 after purchasing an additional 31,811 shares during the period. Jane Street Group LLC purchased a new position in Youdao during the fourth quarter valued at approximately $119,000. Finally, Walleye Trading LLC purchased a new stake in Youdao in the 1st quarter worth approximately $115,000. Institutional investors own 21.91% of the company's stock.

Youdao Stock Up 3.4%

Shares of Youdao stock traded up $0.30 during trading hours on Tuesday, reaching $9.00. 64,761 shares of the stock traded hands, compared to its average volume of 115,166. The company has a 50 day moving average price of $8.86 and a 200 day moving average price of $8.61. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 32.13 and a beta of 0.39. Youdao, Inc. Unsponsored ADR has a one year low of $3.00 and a one year high of $11.82.

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

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Youdao from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Youdao has an average rating of "Hold".

Youdao Company 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.