Gaotu Techedu Inc. (NYSE:GOTU) Shares Acquired by Marshall Wace LLP

Marshall Wace LLP increased its holdings in shares of Gaotu Techedu Inc. (NYSE:GOTU) by 158.2% during the second quarter, HoldingsChannel.com reports. The fund owned 77,562 shares of the company’s stock after buying an additional 47,522 shares during the period. Marshall Wace LLP’s holdings in Gaotu Techedu were worth $380,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Headlands Technologies LLC purchased a new position in Gaotu Techedu in the 1st quarter worth approximately $63,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Gaotu Techedu during the first quarter worth $99,000. SG Americas Securities LLC acquired a new position in Gaotu Techedu during the second quarter worth $75,000. Virtu Financial LLC purchased a new stake in Gaotu Techedu in the 1st quarter valued at $133,000. Finally, Jupiter Asset Management Ltd. acquired a new stake in shares of Gaotu Techedu in the 2nd quarter worth $693,000. Hedge funds and other institutional investors own 48.42% of the company’s stock.

Analyst Ratings Changes

Separately, Citigroup lowered shares of Gaotu Techedu from a “buy” rating to a “sell” rating in a report on Tuesday, August 27th.

Gaotu Techedu Stock Performance

GOTU stock opened at $3.71 on Friday. Gaotu Techedu Inc. has a one year low of $2.22 and a one year high of $8.44. The firm has a market cap of $958.76 million, a PE ratio of -46.38 and a beta of -0.01. The firm’s 50 day moving average price is $3.60 and its 200-day moving average price is $5.16.

Gaotu Techedu (NYSE:GOTU) last posted its earnings results on Tuesday, August 27th. The company reported ($0.23) EPS for the quarter. The business had revenue of $138.95 million during the quarter. Gaotu Techedu had a negative net margin of 17.63% and a negative return on equity of 20.26%.

About Gaotu Techedu

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.