Walleye Capital LLC acquired a new stake in shares of Youdao, Inc. (NYSE:DAO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 54,149 shares of the company's stock, valued at approximately $401,000.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Blue Trust Inc. lifted its position in shares of Youdao by 29.1% during the 4th quarter. Blue Trust Inc. now owns 8,733 shares of the company's stock valued at $65,000 after buying an additional 1,969 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Youdao by 3.3% in the fourth 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. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Youdao during the 4th quarter valued at $554,000. Finally, Norges Bank bought a new position in Youdao in the 4th quarter worth $715,000. 21.91% of the stock is currently owned by hedge funds and other institutional investors.
Youdao Stock Performance
Shares of DAO traded down $0.01 during midday trading on Tuesday, hitting $8.72. 8,886 shares of the company traded hands, compared to its average volume of 127,605. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 87.21 and a beta of 0.32. The firm has a 50 day moving average of $8.15 and a 200-day moving average of $7.20. Youdao, Inc. has a 52 week low of $2.86 and a 52 week high of $11.82.
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. The business had revenue of $183.55 million for the quarter. Youdao had a net margin of 1.50% and a negative return on equity of 3.75%.
Youdao Company 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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