9,700 Shares in Gaotu Techedu Inc. (NYSE:GOTU) Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in shares of Gaotu Techedu Inc. (NYSE:GOTU) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 9,700 shares of the company’s stock, valued at approximately $38,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its position in shares of Gaotu Techedu by 1,233.8% during the second 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 during the last quarter. BRIGHT VALLEY CAPITAL Ltd purchased a new position in Gaotu Techedu during the 2nd quarter worth $2,450,000. National Bank of Canada FI bought a new stake in shares of Gaotu Techedu in the 2nd quarter worth $2,135,000. Jupiter Asset Management Ltd. purchased a new stake in shares of Gaotu Techedu in the second quarter valued at about $693,000. Finally, Headlands Technologies LLC lifted its position in shares of Gaotu Techedu by 1,362.7% during the second 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 in the last quarter. 48.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Gaotu Techedu Price Performance

Shares of NYSE:GOTU opened at $2.30 on Monday. The company has a market capitalization of $597.01 million, a PE ratio of -4.04 and a beta of -0.01. Gaotu Techedu Inc. has a 1 year low of $2.27 and a 1 year high of $8.44. The business has a fifty day moving average price of $2.81 and a two-hundred day moving average price of $3.76.

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.