Youdao, Inc. Unsponsored ADR $DAO Position Raised by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio raised its stake in Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 34.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 21,557 shares of the company’s stock after buying an additional 5,565 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Youdao were worth $185,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Walleye Capital LLC lifted its stake in Youdao by 226.1% in the first quarter. Walleye Capital LLC now owns 176,599 shares of the company’s stock valued at $1,347,000 after buying an additional 122,450 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Youdao by 83.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 137,456 shares of the company’s stock valued at $1,049,000 after buying an additional 62,568 shares during the last quarter. Vident Advisory LLC lifted its stake in Youdao by 190.2% in the first quarter. Vident Advisory LLC now owns 57,192 shares of the company’s stock valued at $436,000 after buying an additional 37,485 shares during the last quarter. Bank of America Corp DE lifted its stake in Youdao by 13,310.0% in the fourth quarter. Bank of America Corp DE now owns 32,050 shares of the company’s stock valued at $237,000 after buying an additional 31,811 shares during the last quarter. Finally, Walleye Trading LLC bought a new stake in Youdao in the first quarter valued at $115,000. 21.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Youdao in a report on Saturday, September 27th. Wall Street Zen lowered Youdao from a “buy” rating to a “hold” rating in a report on Sunday, August 17th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Youdao has a consensus rating of “Reduce”.

Youdao Stock Up 7.4%

NYSE:DAO opened at $10.32 on Tuesday. The business’s 50-day moving average price is $9.07 and its 200 day moving average price is $8.69. The firm has a market cap of $1.23 billion, a P/E ratio of 36.86 and a beta of 0.36. Youdao, Inc. Unsponsored ADR has a 52-week low of $4.21 and a 52-week high of $11.82.

Youdao (NYSE:DAO) last released its earnings results on Thursday, August 14th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $197.82 million for the quarter, compared to analyst estimates of $1.38 billion. Youdao had a negative return on equity of 12.10% and a net margin of 4.05%.

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.