Youdao, Inc. Unsponsored ADR $DAO Shares Purchased by Walleye Capital LLC

Key Points

• Walleye Capital LLC has increased its stake in Youdao, Inc. by 226.1%, owning 176,599 shares worth approximately $1.35 million as of the end of the first quarter.
• Other notable institutional investors, such as Bank of America and Public Employees Retirement System of Ohio, have made significant adjustments to their positions in Youdao during the fourth quarter.
• Youdao's stock received a rating downgrade from "buy" to "hold" from Wall Street Zen, with the current average rating among analysts being "Hold".

Walleye Capital LLC increased its holdings in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO - Free Report) by 226.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 176,599 shares of the company's stock after purchasing an additional 122,450 shares during the period. Walleye Capital LLC owned 0.15% of Youdao worth $1,347,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its position 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 purchasing an additional 1,800 shares during the period. Vident Advisory LLC boosted its position in Youdao by 35.6% during the 4th quarter. Vident Advisory LLC now owns 19,707 shares of the company's stock worth $146,000 after purchasing an additional 5,170 shares during the period. Public Employees Retirement System of Ohio boosted its position in Youdao by 754.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 9,421 shares of the company's stock valued at $70,000 after buying an additional 8,318 shares during the last quarter. Jane Street Group LLC purchased a new position in Youdao in the 4th quarter valued at about $119,000. Finally, Bank of America Corp DE boosted its position in Youdao by 13,310.0% in the 4th quarter. Bank of America Corp DE now owns 32,050 shares of the company's stock valued at $237,000 after buying an additional 31,811 shares during the last quarter. 21.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Youdao Stock Performance

Shares of Youdao stock traded down $0.52 during trading on Tuesday, reaching $8.46. The company had a trading volume of 47,465 shares, compared to its average volume of 121,860. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 30.20 and a beta of 0.39. The firm's fifty day moving average is $8.85 and its 200-day moving average is $8.68. Youdao, Inc. Unsponsored ADR has a fifty-two week low of $3.00 and a fifty-two week high of $11.82.

Youdao (NYSE:DAO - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported ($0.02) earnings per share (EPS) 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 net margin of 4.05% and a negative return on equity of 12.10%.

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.