Jump Financial LLC Acquires New Stake in Gaotu Techedu Inc. (NYSE:GOTU)

Jump Financial LLC bought a new position in shares of Gaotu Techedu Inc. (NYSE:GOTU) during the 4th quarter, Holdings Channel.com reports. The firm bought 86,540 shares of the company’s stock, valued at approximately $313,000.

A number of other institutional investors have also recently made changes to their positions in GOTU. Yong Rong HK Asset Management Ltd acquired a new position in shares of Gaotu Techedu in the fourth quarter worth approximately $11,487,000. Harvest Fund Management Co. Ltd lifted its position in shares of Gaotu Techedu by 98.4% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 4,464,561 shares of the company’s stock worth $12,278,000 after purchasing an additional 2,214,765 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Gaotu Techedu in the 3rd quarter valued at $3,300,000. Acadian Asset Management LLC increased its position in shares of Gaotu Techedu by 16.4% during the third quarter. Acadian Asset Management LLC now owns 4,445,239 shares of the company’s stock worth $12,248,000 after buying an additional 625,976 shares during the period. Finally, Barclays PLC raised its stake in Gaotu Techedu by 97.1% during the third quarter. Barclays PLC now owns 102,511 shares of the company’s stock worth $283,000 after buying an additional 50,511 shares during the last quarter. Institutional investors own 48.42% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, CLSA upgraded Gaotu Techedu from an “underperform” rating to an “outperform” rating and set a $8.65 price target for the company in a report on Wednesday, February 28th.

Gaotu Techedu Stock Performance

Gaotu Techedu stock opened at $6.23 on Friday. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of -77.88 and a beta of 0.07. Gaotu Techedu Inc. has a 52-week low of $2.22 and a 52-week high of $8.44. The stock’s 50 day moving average price is $6.91 and its two-hundred day moving average price is $5.12.

Gaotu Techedu (NYSE:GOTU) last issued its earnings results on Tuesday, February 27th. The company reported ($0.07) earnings per share (EPS) for the quarter. Gaotu Techedu had a negative return on equity of 4.19% and a negative net margin of 4.22%. The company had revenue of $107.19 million for the quarter.

Gaotu Techedu 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.