JPMorgan Chase & Co. lowered its stake in shares of Gaotu Techedu Inc. (NYSE:GOTU - Free Report) by 98.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,402 shares of the company's stock after selling 820,594 shares during the period. JPMorgan Chase & Co.'s holdings in Gaotu Techedu were worth $27,000 at the end of the most recent reporting period.
Separately, Catalyst Funds Management Pty Ltd bought a new position in Gaotu Techedu in the 4th quarter worth about $38,000. 48.42% of the stock is currently owned by institutional investors and hedge funds.
Gaotu Techedu Price Performance
Shares of GOTU traded up $0.01 during midday trading on Friday, hitting $3.31. 891,897 shares of the company traded hands, compared to its average volume of 2,263,885. Gaotu Techedu Inc. has a one year low of $1.87 and a one year high of $8.44. The firm has a market cap of $859.18 million, a P/E ratio of -5.81 and a beta of 0.29. The stock has a 50-day moving average of $3.15 and a 200-day moving average of $2.75.
Gaotu Techedu Company Profile
(
Free Report)
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.
See Also
Before you consider Gaotu Techedu, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gaotu Techedu wasn't on the list.
While Gaotu Techedu currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
