State Street Corp Acquires 90,115 Shares of Gaotu Techedu Inc. (NYSE:GOTU)

State Street Corp raised its holdings in shares of Gaotu Techedu Inc. (NYSE:GOTU) by 20.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 525,166 shares of the company’s stock after acquiring an additional 90,115 shares during the quarter. State Street Corp’s holdings in Gaotu Techedu were worth $2,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. National Bank of Canada FI purchased a new position in Gaotu Techedu during the second quarter valued at approximately $2,135,000. Headlands Technologies LLC raised its position in shares of Gaotu Techedu by 1,362.7% during the 2nd quarter. Headlands Technologies LLC now owns 141,718 shares of the company’s stock valued at $694,000 after purchasing an additional 132,029 shares during the period. Jupiter Asset Management Ltd. bought a new stake in Gaotu Techedu during the second quarter valued at about $693,000. Marshall Wace LLP lifted its position in shares of Gaotu Techedu by 158.2% in the second quarter. Marshall Wace LLP now owns 77,562 shares of the company’s stock valued at $380,000 after acquiring an additional 47,522 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Gaotu Techedu by 1,233.8% in the second quarter. Millennium Management LLC now owns 579,011 shares of the company’s stock valued at $2,837,000 after acquiring an additional 535,601 shares in the last quarter. 48.42% of the stock is currently owned by hedge funds and other institutional investors.

Gaotu Techedu Trading Up 1.4 %

NYSE:GOTU opened at $2.19 on Thursday. The stock has a 50-day moving average price of $2.68 and a 200 day moving average price of $3.60. The stock has a market capitalization of $568.46 million, a P/E ratio of -3.84 and a beta of -0.01. Gaotu Techedu Inc. has a 12-month low of $2.14 and a 12-month high of $8.44.

Gaotu Techedu Company Profile

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.