State Street Corp Purchases 90,115 Shares of Gaotu Techedu Inc. (NYSE:GOTU)

State Street Corp increased its holdings in Gaotu Techedu Inc. (NYSE:GOTU) by 20.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 525,166 shares of the company’s stock after purchasing an additional 90,115 shares during the quarter. State Street Corp owned approximately 0.20% of Gaotu Techedu worth $2,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Marshall Wace LLP increased its stake in shares of Gaotu Techedu by 158.2% in the 2nd quarter. Marshall Wace LLP now owns 77,562 shares of the company’s stock worth $380,000 after acquiring an additional 47,522 shares in the last quarter. Garden State Investment Advisory Services LLC purchased a new stake in Gaotu Techedu in the third quarter worth about $337,000. SG Americas Securities LLC increased its stake in shares of Gaotu Techedu by 473.6% during the third quarter. SG Americas Securities LLC now owns 88,231 shares of the company’s stock valued at $346,000 after purchasing an additional 72,849 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of Gaotu Techedu by 249.7% in the 3rd quarter. GSA Capital Partners LLP now owns 90,881 shares of the company’s stock worth $356,000 after purchasing an additional 64,896 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in shares of Gaotu Techedu in the 2nd quarter worth approximately $693,000. Hedge funds and other institutional investors own 48.42% of the company’s stock.

Gaotu Techedu Stock Up 1.4 %

GOTU stock opened at $2.19 on Thursday. The business has a 50 day moving average of $2.68 and a 200 day moving average of $3.60. Gaotu Techedu Inc. has a twelve month low of $2.14 and a twelve month high of $8.44. The firm has a market cap of $568.46 million, a PE ratio of -3.84 and a beta of -0.01.

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.