Blue Trust Inc. Acquires 1,969 Shares of Youdao, Inc. (NYSE:DAO)

Blue Trust Inc. raised its stake in Youdao, Inc. (NYSE:DAO) by 29.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,733 shares of the company’s stock after acquiring an additional 1,969 shares during the quarter. Blue Trust Inc.’s holdings in Youdao were worth $65,000 as of its most recent SEC filing.

Separately, Symmetry Peak Management LLC acquired a new stake in Youdao during the 3rd quarter valued at approximately $102,000. 21.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Citigroup downgraded shares of Youdao from a “buy” rating to a “neutral” rating in a research note on Thursday, December 19th.

Youdao Trading Down 5.6 %

Shares of NYSE DAO opened at $9.69 on Tuesday. The firm has a market capitalization of $1.17 billion, a P/E ratio of 96.89 and a beta of 0.03. The firm’s 50-day moving average price is $7.87 and its 200-day moving average price is $5.80. Youdao, Inc. has a 1-year low of $2.86 and a 1-year high of $11.82.

Youdao (NYSE:DAO) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $183.55 million during the quarter. Youdao had a net margin of 1.50% and a negative return on equity of 3.75%.

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.