Barclays PLC Increases Stake in Gaotu Techedu Inc. (NYSE:GOTU)

Barclays PLC lifted its stake in shares of Gaotu Techedu Inc. (NYSE:GOTU) by 87.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,008 shares of the company’s stock after buying an additional 34,133 shares during the quarter. Barclays PLC’s holdings in Gaotu Techedu were worth $286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of GOTU. Public Employees Retirement System of Ohio purchased a new stake in Gaotu Techedu in the third quarter worth about $38,000. Garden State Investment Advisory Services LLC bought a new position in shares of Gaotu Techedu in the third quarter worth approximately $337,000. SG Americas Securities LLC lifted its stake in shares of Gaotu Techedu by 473.6% in the third quarter. SG Americas Securities LLC now owns 88,231 shares of the company’s stock worth $346,000 after buying an additional 72,849 shares in the last quarter. GSA Capital Partners LLP lifted its stake in shares of Gaotu Techedu by 249.7% in the third quarter. GSA Capital Partners LLP now owns 90,881 shares of the company’s stock worth $356,000 after buying an additional 64,896 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of Gaotu Techedu by 158.2% in the second quarter. Marshall Wace LLP now owns 77,562 shares of the company’s stock worth $380,000 after buying an additional 47,522 shares in the last quarter. Hedge funds and other institutional investors own 48.42% of the company’s stock.

Gaotu Techedu Stock Performance

Shares of NYSE GOTU opened at $2.14 on Monday. The firm’s 50 day moving average price is $2.63 and its 200-day moving average price is $3.55. The company has a market cap of $555.48 million, a PE ratio of -3.75 and a beta of -0.01. Gaotu Techedu Inc. has a 52-week low of $2.14 and a 52-week high of $8.44.

Gaotu Techedu Profile

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.