XTX Topco Ltd Acquires Shares of 63,186 Gaotu Techedu Inc. (NYSE:GOTU)

XTX Topco Ltd acquired a new stake in Gaotu Techedu Inc. (NYSE:GOTU) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 63,186 shares of the company’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC grew its position in shares of Gaotu Techedu by 195.8% during the 4th quarter. Barclays PLC now owns 215,982 shares of the company’s stock valued at $473,000 after acquiring an additional 142,974 shares during the period. Marshall Wace LLP bought a new position in shares of Gaotu Techedu during the 4th quarter valued at approximately $781,000. Two Sigma Securities LLC bought a new position in shares of Gaotu Techedu during the 4th quarter valued at approximately $86,000. Lighthouse Investment Partners LLC bought a new position in shares of Gaotu Techedu during the 4th quarter valued at approximately $103,000. Finally, Point72 Asset Management L.P. bought a new position in Gaotu Techedu in the 4th quarter worth approximately $343,000. Hedge funds and other institutional investors own 48.42% of the company’s stock.

Gaotu Techedu Trading Up 3.6%

Gaotu Techedu stock opened at $3.93 on Thursday. Gaotu Techedu Inc. has a 1-year low of $1.87 and a 1-year high of $4.59. The firm has a market capitalization of $993.76 million, a price-to-earnings ratio of -8.01 and a beta of 0.20. The firm has a 50 day simple moving average of $3.73 and a 200 day simple moving average of $3.33.

Gaotu Techedu (NYSE:GOTU) last released its quarterly earnings data on Thursday, May 15th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.12. Gaotu Techedu had a negative net margin of 18.07% and a negative return on equity of 42.83%. The business had revenue of $28.53 million during the quarter, compared to analyst estimates of $189.76 million.

Gaotu Techedu declared that its board has authorized a share repurchase plan on Thursday, May 15th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

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.