JPMorgan Chase & Co. Has $3.27 Million Stake in Gaotu Techedu Inc. (NYSE:GOTU)

JPMorgan Chase & Co. raised its position in Gaotu Techedu Inc. (NYSE:GOTU) by 14.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 832,996 shares of the company’s stock after purchasing an additional 108,224 shares during the quarter. JPMorgan Chase & Co. owned 0.32% of Gaotu Techedu worth $3,265,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in GOTU. BRIGHT VALLEY CAPITAL Ltd bought a new stake in shares of Gaotu Techedu in the 2nd quarter valued at about $2,450,000. State Street Corp lifted its position in shares of Gaotu Techedu by 20.7% during the 3rd quarter. State Street Corp now owns 525,166 shares of the company’s stock valued at $2,059,000 after acquiring an additional 90,115 shares during the period. Barclays PLC grew its holdings in Gaotu Techedu by 87.8% in the third quarter. Barclays PLC now owns 73,008 shares of the company’s stock worth $286,000 after purchasing an additional 34,133 shares during the period. GSA Capital Partners LLP increased its stake in Gaotu Techedu by 249.7% in the third quarter. GSA Capital Partners LLP now owns 90,881 shares of the company’s stock valued at $356,000 after purchasing an additional 64,896 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Gaotu Techedu by 1,233.8% during the second quarter. Millennium Management LLC now owns 579,011 shares of the company’s stock valued at $2,837,000 after purchasing an additional 535,601 shares during the period. 48.42% of the stock is owned by institutional investors.

Gaotu Techedu Price Performance

Shares of Gaotu Techedu stock opened at $2.08 on Monday. The business has a 50-day simple moving average of $2.41 and a 200 day simple moving average of $3.33. Gaotu Techedu Inc. has a one year low of $1.88 and a one year high of $8.44. The firm has a market capitalization of $538.61 million, a price-to-earnings ratio of -3.64 and a beta of 0.03.

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.