Gaotu Techedu (NYSE:GOTU) Trading Down 5% – What’s Next?

Shares of Gaotu Techedu Inc. (NYSE:GOTUGet Free Report) were down 5% during mid-day trading on Tuesday . The stock traded as low as $1.96 and last traded at $1.99. Approximately 1,005,959 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 1,664,770 shares. The stock had previously closed at $2.09.

Gaotu Techedu Stock Performance

The stock has a market cap of $507.46 million, a price-to-earnings ratio of -3.43 and a beta of 0.03. The company has a 50 day moving average of $2.40 and a 200-day moving average of $3.30.

Institutional Investors Weigh In On Gaotu Techedu

Several large investors have recently added to or reduced their stakes in GOTU. Public Employees Retirement System of Ohio acquired a new stake in Gaotu Techedu in the 3rd quarter valued at about $38,000. Barclays PLC raised 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 acquiring an additional 34,133 shares in the last quarter. Marshall Wace LLP increased its position in shares of Gaotu Techedu by 158.2% in the 2nd quarter. Marshall Wace LLP now owns 77,562 shares of the company’s stock valued at $380,000 after purchasing an additional 47,522 shares during the last quarter. Garden State Investment Advisory Services LLC acquired a new stake in shares of Gaotu Techedu in the 3rd quarter valued at $337,000. Finally, SG Americas Securities LLC raised its stake in Gaotu Techedu by 473.6% in the third quarter. SG Americas Securities LLC now owns 88,231 shares of the company’s stock valued at $346,000 after buying an additional 72,849 shares in the last quarter. 48.42% of the stock is owned by hedge funds and other institutional investors.

Gaotu Techedu Company Profile

(Get 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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