Jupiter Asset Management Ltd. Purchases Shares of 141,525 Gaotu Techedu Inc. (NYSE:GOTU)

Jupiter Asset Management Ltd. purchased a new stake in Gaotu Techedu Inc. (NYSE:GOTU) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 141,525 shares of the company’s stock, valued at approximately $693,000. Jupiter Asset Management Ltd. owned 0.05% of Gaotu Techedu as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new stake in shares of Gaotu Techedu during the fourth quarter worth $313,000. Tiger Pacific Capital LP acquired a new stake in shares of Gaotu Techedu during the fourth quarter worth $10,665,000. HCEP Management Ltd acquired a new stake in shares of Gaotu Techedu during the fourth quarter worth $3,620,000. Garden State Investment Advisory Services LLC acquired a new stake in shares of Gaotu Techedu during the fourth quarter worth $1,062,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Gaotu Techedu by 2,548.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,998,033 shares of the company’s stock worth $25,333,000 after buying an additional 6,733,849 shares during the period. 48.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Gaotu Techedu Stock Down 1.1 %

Shares of NYSE GOTU opened at $2.69 on Friday. The firm has a market cap of $695.18 million, a PE ratio of -33.63 and a beta of -0.02. Gaotu Techedu Inc. has a 12-month low of $2.22 and a 12-month high of $8.44. The company’s fifty day simple moving average is $4.20 and its 200 day simple moving average is $5.68.

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.