Marshall Wace LLP acquired a new position in shares of Gaotu Techedu Inc. (NYSE:GOTU - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 356,508 shares of the company's stock, valued at approximately $781,000. Marshall Wace LLP owned about 0.14% of Gaotu Techedu as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Catalyst Funds Management Pty Ltd acquired a new stake in Gaotu Techedu in the fourth quarter valued at $38,000. Barclays PLC raised its stake in shares of Gaotu Techedu by 87.8% in the 3rd quarter. Barclays PLC now owns 73,008 shares of the company's stock valued at $286,000 after purchasing an additional 34,133 shares in the last quarter. Garden State Investment Advisory Services LLC acquired a new position in Gaotu Techedu in the third quarter worth about $337,000. State Street Corp increased its holdings in Gaotu Techedu by 20.7% in the third quarter. State Street Corp now owns 525,166 shares of the company's stock valued at $2,059,000 after buying an additional 90,115 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Gaotu Techedu by 14.9% during the third quarter. JPMorgan Chase & Co. now owns 832,996 shares of the company's stock valued at $3,265,000 after buying an additional 108,224 shares in the last quarter. 48.42% of the stock is owned by institutional investors and hedge funds.
Gaotu Techedu Price Performance
Shares of GOTU stock traded down $0.18 on Wednesday, hitting $3.25. 1,378,635 shares of the stock traded hands, compared to its average volume of 2,268,327. The company has a market capitalization of $843.60 million, a PE ratio of -5.70 and a beta of 0.29. The company's fifty day moving average is $3.15 and its 200 day moving average is $2.75. Gaotu Techedu Inc. has a 1-year low of $1.87 and a 1-year high of $8.44.
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.
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