500,000 Shares in Gaotu Techedu Inc. (NYSE:GOTU) Acquired by BRIGHT VALLEY CAPITAL Ltd

BRIGHT VALLEY CAPITAL Ltd purchased a new position in shares of Gaotu Techedu Inc. (NYSE:GOTU) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 500,000 shares of the company’s stock, valued at approximately $2,450,000. Gaotu Techedu comprises approximately 2.8% of BRIGHT VALLEY CAPITAL Ltd’s portfolio, making the stock its 8th biggest holding. BRIGHT VALLEY CAPITAL Ltd owned approximately 0.19% of Gaotu Techedu as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets bought a new stake in shares of Gaotu Techedu in the 1st quarter worth approximately $6,360,000. Tiger Pacific Capital LP bought a new stake in shares of Gaotu Techedu in the 4th quarter worth approximately $10,665,000. Seven Eight Capital LP bought a new stake in shares of Gaotu Techedu in the 1st quarter worth approximately $957,000. HCEP Management Ltd purchased a new position in shares of Gaotu Techedu in the 4th quarter valued at approximately $3,620,000. Finally, Headlands Technologies LLC purchased a new position in shares of Gaotu Techedu in the 1st quarter valued at approximately $63,000. 48.42% of the stock is currently owned by institutional investors.

Gaotu Techedu Trading Up 5.9 %

Shares of NYSE:GOTU opened at $3.92 on Tuesday. Gaotu Techedu Inc. has a 12-month low of $2.22 and a 12-month high of $8.44. The stock has a fifty day simple moving average of $3.75 and a two-hundred day simple moving average of $5.32. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -49.00 and a beta of -0.02.

Gaotu Techedu (NYSE:GOTU) last posted its quarterly earnings results on Tuesday, August 27th. The company reported ($0.23) earnings per share for the quarter. Gaotu Techedu had a negative return on equity of 20.26% and a negative net margin of 17.63%. The business had revenue of $138.95 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Citigroup cut Gaotu Techedu from a “buy” rating to a “sell” rating in a research note on Tuesday, August 27th.

Gaotu Techedu Company 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.