Barclays PLC Boosts Stock Holdings in Gaotu Techedu Inc. (NYSE:GOTU)

Barclays PLC boosted its position in shares of Gaotu Techedu Inc. (NYSE:GOTU) by 87.8% during the 3rd quarter, according to the company in its most recent disclosure with the 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millennium Management LLC increased its stake in shares of Gaotu Techedu by 1,233.8% in the 2nd 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 in the last quarter. BRIGHT VALLEY CAPITAL Ltd acquired a new position in shares of Gaotu Techedu during the 2nd quarter worth approximately $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 buying an additional 90,115 shares in the last quarter. Garden State Investment Advisory Services LLC acquired a new stake in Gaotu Techedu in the 3rd quarter valued at $337,000. Finally, SG Americas Securities LLC increased its holdings in Gaotu Techedu by 473.6% in the 3rd quarter. SG Americas Securities LLC now owns 88,231 shares of the company’s stock worth $346,000 after acquiring an additional 72,849 shares in the last quarter. Hedge funds and other institutional investors own 48.42% of the company’s stock.

Gaotu Techedu Stock Up 4.3 %

GOTU opened at $2.08 on Tuesday. The company has a market cap of $538.61 million, a price-to-earnings ratio of -3.64 and a beta of 0.03. The firm’s fifty day simple moving average is $2.40 and its two-hundred day simple moving average is $3.30. Gaotu Techedu Inc. has a 52-week low of $1.88 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.