Norges Bank bought a new position in shares of Gaotu Techedu Inc. (NYSE:GOTU - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,636,098 shares of the company's stock, valued at approximately $3,583,000. Norges Bank owned 0.63% of Gaotu Techedu as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in GOTU. JPMorgan Chase & Co. grew its holdings in Gaotu Techedu by 14.9% during the third quarter. JPMorgan Chase & Co. now owns 832,996 shares of the company's stock worth $3,265,000 after acquiring an additional 108,224 shares during the period. State Street Corp boosted its holdings in Gaotu Techedu by 20.7% during the third quarter. State Street Corp now owns 525,166 shares of the company's stock worth $2,059,000 after buying an additional 90,115 shares in the last quarter. Garden State Investment Advisory Services LLC purchased a new position in Gaotu Techedu in the third quarter valued at about $337,000. Barclays PLC increased its holdings in Gaotu Techedu by 87.8% in the third quarter. Barclays PLC now owns 73,008 shares of the company's stock valued at $286,000 after buying an additional 34,133 shares in the last quarter. Finally, Catalyst Funds Management Pty Ltd acquired a new stake in shares of Gaotu Techedu during the 4th quarter valued at approximately $38,000. Hedge funds and other institutional investors own 48.42% of the company's stock.
Gaotu Techedu Stock Down 1.6 %
Shares of GOTU traded down $0.04 on Wednesday, reaching $2.72. The stock had a trading volume of 113,148 shares, compared to its average volume of 2,379,490. Gaotu Techedu Inc. has a twelve month low of $1.87 and a twelve month high of $8.44. The firm has a market capitalization of $705.25 million, a PE ratio of -4.76 and a beta of 0.18. The firm has a 50-day moving average of $3.08 and a 200 day moving average of $2.82.
About Gaotu Techedu
(
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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