Norges Bank purchased a new stake in Youdao, Inc. (NYSE:DAO - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 96,600 shares of the company's stock, valued at approximately $715,000. Norges Bank owned 0.08% of Youdao at the end of the most recent reporting period.
Separately, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Youdao in the fourth quarter valued at approximately $554,000. Institutional investors own 21.91% of the company's stock.
Youdao Price Performance
Shares of DAO stock traded down $0.01 during trading hours on Thursday, hitting $7.70. 1,714 shares of the company's stock were exchanged, compared to its average volume of 127,270. Youdao, Inc. has a 52 week low of $2.86 and a 52 week high of $11.82. The stock has a market cap of $931.08 million, a price-to-earnings ratio of 76.46 and a beta of 0.32. The stock's 50-day moving average is $8.46 and its 200-day moving average is $7.00.
Youdao (NYSE:DAO - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.10 earnings per share for the quarter. Youdao had a net margin of 1.50% and a negative return on equity of 3.75%. The company had revenue of $183.55 million during the quarter.
Analyst Upgrades and Downgrades
Separately, Citigroup lowered Youdao from a "buy" rating to a "neutral" rating in a research report on Thursday, December 19th.
Read Our Latest Analysis on DAO
Youdao Profile
(
Free Report)
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.
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