Prime Capital Investment Advisors LLC bought a new stake in Gaotu Techedu Inc. (NYSE:GOTU – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 10,000 shares of the company’s stock, valued at approximately $36,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Invesco Ltd. boosted its holdings in Gaotu Techedu by 2.3% in the 1st quarter. Invesco Ltd. now owns 126,090 shares of the company’s stock valued at $410,000 after purchasing an additional 2,876 shares during the last quarter. PFG Investments LLC purchased a new stake in Gaotu Techedu during the 1st quarter worth approximately $76,000. Virtu Financial LLC purchased a new stake in Gaotu Techedu during the 1st quarter worth approximately $137,000. XTX Topco Ltd purchased a new stake in Gaotu Techedu during the 1st quarter worth approximately $205,000. Finally, Public Employees Retirement System of Ohio increased its position in shares of Gaotu Techedu by 284.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 200,984 shares of the company’s stock valued at $726,000 after purchasing an additional 148,747 shares during the last quarter. 48.42% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Gaotu Techedu in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.
Gaotu Techedu Trading Down 6.7%
Gaotu Techedu stock opened at $3.00 on Monday. The stock has a 50 day moving average of $3.57 and a two-hundred day moving average of $3.50. Gaotu Techedu Inc. has a twelve month low of $1.87 and a twelve month high of $4.56. The stock has a market capitalization of $758.30 million, a price-to-earnings ratio of -7.88 and a beta of 0.23.
Gaotu Techedu (NYSE:GOTU – Get Free Report) last announced its quarterly earnings data on Tuesday, August 26th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.04. Gaotu Techedu had a negative net margin of 12.97% and a negative return on equity of 37.66%. The company had revenue of $27.09 million for the quarter, compared to analysts’ expectations of $182.85 million. Gaotu Techedu has set its Q3 2025 guidance at EPS.
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.
Recommended Stories
- Five stocks we like better than Gaotu Techedu
- How to Invest in Insurance Companies: A Guide
- Microsoft 365 Premium Marks the Next Phase of AI Monetization
- What is a penny stock? A comprehensive guide
- Could Target’s Week of Discounts Come Full Circle for Investors?
- Insider Trading – What You Need to Know
- 3 Reasons to Buy Sprouts Farmers Market Ahead of Earnings
Want to see what other hedge funds are holding GOTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gaotu Techedu Inc. (NYSE:GOTU – Free Report).
Receive News & Ratings for Gaotu Techedu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gaotu Techedu and related companies with MarketBeat.com's FREE daily email newsletter.