Tower Research Capital LLC TRC boosted its position in Gaotu Techedu Inc. (NYSE:GOTU – Free Report) by 543.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,988 shares of the company’s stock after purchasing an additional 12,659 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Gaotu Techedu were worth $54,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC grew its stake 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 acquiring an additional 625,976 shares during the last quarter. Harvest Fund Management Co. Ltd grew its stake in shares of Gaotu Techedu by 20.4% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 5,373,915 shares of the company’s stock worth $19,507,000 after acquiring an additional 909,354 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in shares of Gaotu Techedu during the third quarter worth about $76,000. California Public Employees Retirement System grew its stake in shares of Gaotu Techedu by 21.5% during the third quarter. California Public Employees Retirement System now owns 279,490 shares of the company’s stock worth $771,000 after acquiring an additional 49,540 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of 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 acquiring an additional 50,511 shares during the last quarter. 48.42% of the stock is currently owned by institutional investors.
Gaotu Techedu Stock Performance
NYSE GOTU traded up $0.05 during trading hours on Monday, reaching $6.76. The stock had a trading volume of 1,648,713 shares, compared to its average volume of 5,349,302. The stock has a fifty day moving average of $6.79 and a 200 day moving average of $4.50. The stock has a market cap of $1.76 billion, a P/E ratio of -674.83 and a beta of 0.05. Gaotu Techedu Inc. has a 52-week low of $2.22 and a 52-week high of $8.42.
Analysts Set New Price Targets
GOTU has been the topic of a number of research analyst reports. CLSA upgraded Gaotu Techedu from an “underperform” rating to an “outperform” rating and set a $8.65 price target on the stock in a research note on Wednesday, February 28th. Citigroup upgraded Gaotu Techedu from a “sell” rating to a “buy” rating and boosted their price target for the stock from $2.48 to $4.50 in a research note on Wednesday, January 3rd.
View Our Latest Analysis on Gaotu Techedu
Gaotu Techedu Profile
Gaotu Techedu Inc, a technology-driven education company, provides online K-12 after-school tutoring services in the People's Republic of China. The company provides foreign language courses comprising English and Japanese, as well as test preparation courses for students taking language certification exams; and professional courses primarily for college students and adults preparing for professional qualification exams, such teacher's qualification, Chartered Financial Analyst designation, Certified Public Accountant designation, Certified Tax Agent designation, securities qualification exams, and other exams.
Further Reading
- Five stocks we like better than Gaotu Techedu
- There Are Different Types of Stock To Invest In
- The 3 Hottest Insiders Buys This Month
- What is the S&P/TSX Index?
- What Bulls and Bears May Be Getting Wrong about SOFI Stock
- What is Short Interest? How to Use It
- Microsoft Analysis: Trends, Predictions & Investment Insight
Want to see what other hedge funds are holding GOTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gaotu Techedu Inc. (NYSE:GOTU – Free Report).
Receive News & Ratings for Gaotu Techedu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gaotu Techedu and related companies with MarketBeat.com's FREE daily email newsletter.