JPMorgan Chase & Co. boosted its holdings in shares of Gaotu Techedu Inc. (NYSE:GOTU – Free Report) by 14.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 832,996 shares of the company’s stock after buying an additional 108,224 shares during the period. JPMorgan Chase & Co.’s holdings in Gaotu Techedu were worth $3,265,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BRIGHT VALLEY CAPITAL Ltd bought a new position in shares of Gaotu Techedu in the second quarter worth approximately $2,450,000. State Street Corp grew its stake in Gaotu Techedu by 20.7% in the 3rd 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. Barclays PLC grew its stake in Gaotu Techedu by 87.8% in the 3rd quarter. Barclays PLC now owns 73,008 shares of the company’s stock worth $286,000 after buying an additional 34,133 shares in the last quarter. GSA Capital Partners LLP increased its holdings in shares of Gaotu Techedu by 249.7% in the 3rd quarter. GSA Capital Partners LLP now owns 90,881 shares of the company’s stock worth $356,000 after buying an additional 64,896 shares during the last quarter. Finally, Millennium Management LLC raised its position in shares of Gaotu Techedu by 1,233.8% during the 2nd quarter. Millennium Management LLC now owns 579,011 shares of the company’s stock valued at $2,837,000 after buying 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 Stock Performance
Shares of NYSE:GOTU opened at $2.08 on Monday. The firm has a market capitalization of $538.61 million, a PE ratio of -3.64 and a beta of 0.03. Gaotu Techedu Inc. has a 52-week low of $1.88 and a 52-week high of $8.44. The firm has a fifty day moving average of $2.41 and a 200 day moving average of $3.33.
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.
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