Harvest Fund Management Co. Ltd Sells 1,200,000 Shares of Gaotu Techedu Inc. (NYSE:GOTU)

Harvest Fund Management Co. Ltd decreased its position in Gaotu Techedu Inc. (NYSE:GOTU - Free Report) by 71.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 473,915 shares of the company's stock after selling 1,200,000 shares during the quarter. Harvest Fund Management Co. Ltd owned approximately 0.18% of Gaotu Techedu worth $1,038,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Gaotu Techedu during the 3rd quarter valued at about $38,000. Catalyst Funds Management Pty Ltd purchased a new stake in Gaotu Techedu during the fourth quarter valued at approximately $38,000. Barclays PLC raised its position in Gaotu Techedu by 87.8% in the third quarter. Barclays PLC now owns 73,008 shares of the company's stock worth $286,000 after acquiring an additional 34,133 shares during the period. Garden State Investment Advisory Services LLC purchased a new position in shares of Gaotu Techedu during the 3rd quarter worth $337,000. Finally, GSA Capital Partners LLP grew its position in shares of Gaotu Techedu by 249.7% during the 3rd quarter. GSA Capital Partners LLP now owns 90,881 shares of the company's stock valued at $356,000 after acquiring an additional 64,896 shares during the period. 48.42% of the stock is owned by hedge funds and other institutional investors.

Gaotu Techedu Price Performance

Shares of NYSE:GOTU traded down $0.13 during midday trading on Monday, hitting $3.25. The company had a trading volume of 3,087,839 shares, compared to its average volume of 2,347,919. The company has a market cap of $842.30 million, a price-to-earnings ratio of -5.69 and a beta of 0.10. The company has a fifty day moving average of $2.77 and a two-hundred day moving average of $2.82. Gaotu Techedu Inc. has a 12-month low of $1.87 and a 12-month high of $8.44.

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Gaotu Techedu 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.