Renaissance Technologies LLC Has $205,000 Stock Holdings in Youdao, Inc. (NYSE:DAO)

Renaissance Technologies LLC lifted its stake in Youdao, Inc. (NYSE:DAO) by 6.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,300 shares of the company’s stock after acquiring an additional 3,300 shares during the period. Renaissance Technologies LLC’s holdings in Youdao were worth $205,000 at the end of the most recent reporting period.

Separately, Acadian Asset Management LLC raised its stake in shares of Youdao by 98.4% in the second quarter. Acadian Asset Management LLC now owns 238,445 shares of the company’s stock worth $928,000 after acquiring an additional 118,245 shares during the last quarter. 21.91% of the stock is currently owned by hedge funds and other institutional investors.

Youdao Stock Performance

Shares of DAO stock opened at $4.97 on Friday. The stock has a market cap of $600.97 million, a PE ratio of -31.06 and a beta of -0.03. The firm’s 50 day moving average price is $3.68 and its two-hundred day moving average price is $3.71. Youdao, Inc. has a 52-week low of $2.86 and a 52-week high of $5.97.

Youdao (NYSE:DAO) last announced its quarterly earnings data on Thursday, August 22nd. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($1.86) by $1.74. The company had revenue of $181.88 million during the quarter.

About Youdao

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.