64,791 Shares in Youdao, Inc. (NYSE:DAO) Acquired by Marshall Wace LLP

Marshall Wace LLP bought a new stake in shares of Youdao, Inc. (NYSE:DAO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 64,791 shares of the company’s stock, valued at approximately $479,000. Marshall Wace LLP owned about 0.05% of Youdao at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of DAO. Blue Trust Inc. increased its position in Youdao by 29.1% during the fourth quarter. Blue Trust Inc. now owns 8,733 shares of the company’s stock valued at $65,000 after acquiring an additional 1,969 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Youdao during the 4th quarter valued at about $554,000. Norges Bank bought a new position in shares of Youdao in the 4th quarter worth approximately $715,000. Renaissance Technologies LLC boosted its holdings in shares of Youdao by 3.3% in the fourth quarter. Renaissance Technologies LLC now owns 57,100 shares of the company’s stock worth $423,000 after buying an additional 1,800 shares during the last quarter. Finally, Walleye Capital LLC bought a new stake in Youdao during the fourth quarter valued at approximately $401,000. 21.91% of the stock is owned by institutional investors.

Youdao Trading Up 2.4 %

DAO opened at $8.88 on Friday. The firm’s 50 day simple moving average is $8.05 and its two-hundred day simple moving average is $7.28. The company has a market capitalization of $1.07 billion, a PE ratio of 88.75 and a beta of 0.32. Youdao, Inc. has a 1-year low of $2.86 and a 1-year high of $11.82.

Youdao (NYSE:DAO) last released its earnings results on Thursday, February 20th. The company reported $0.10 earnings per share for the quarter. The company had revenue of $183.55 million for the quarter. Youdao had a negative return on equity of 3.75% and a net margin of 1.50%.

Youdao Company Profile

Youdao, Inc, an internet technology company, provides online services in the field of content, community, communication, and commerce in China. It operates through three segments: Learning Services, Smart Devices, and Online Marketing Services. The company provides various learning content, applications, and solutions, which cover topics and target people from various age groups for their learning needs through its websites and mobile applications.