Gaotu Techedu (NYSE:GOTU) Trading Down 4.2% – What’s Next?

Gaotu Techedu Inc. (NYSE:GOTU) shares fell 4.2% during trading on Thursday . The company traded as low as $3.61 and last traded at $3.73. 421,742 shares were traded during trading, a decline of 82% from the average session volume of 2,334,981 shares. The stock had previously closed at $3.89.

Gaotu Techedu Stock Down 5.7 %

The company has a market capitalization of $881.24 million, a price-to-earnings ratio of -5.96 and a beta of 0.10. The stock has a fifty day moving average price of $2.77 and a two-hundred day moving average price of $2.82.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GOTU. Norges Bank acquired a new stake in shares of Gaotu Techedu during the 4th quarter worth approximately $3,583,000. JPMorgan Chase & Co. grew its holdings in shares of Gaotu Techedu by 14.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 832,996 shares of the company’s stock worth $3,265,000 after acquiring an additional 108,224 shares during the last quarter. State Street Corp grew its holdings in shares of 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 acquiring an additional 90,115 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Gaotu Techedu during the fourth quarter valued at $781,000. Finally, Pinpoint Asset Management Ltd grew its holdings in shares of Gaotu Techedu by 14.3% during the third quarter. Pinpoint Asset Management Ltd now owns 229,445 shares of the company’s stock valued at $899,000 after buying an additional 28,776 shares in the last quarter. Hedge funds and other institutional investors own 48.42% of the company’s stock.

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.