Hel Ved Capital Management Ltd Sells 855,137 Shares of Gaotu Techedu Inc. (NYSE:GOTU)

Hel Ved Capital Management Ltd trimmed its position in shares of Gaotu Techedu Inc. (NYSE:GOTU - Free Report) by 53.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 751,800 shares of the company's stock after selling 855,137 shares during the quarter. Hel Ved Capital Management Ltd owned approximately 0.29% of Gaotu Techedu worth $1,646,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GOTU. State Street Corp increased its stake in shares of Gaotu Techedu by 20.7% in the 3rd quarter. State Street Corp now owns 525,166 shares of the company's stock worth $2,059,000 after acquiring an additional 90,115 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Gaotu Techedu during the third quarter valued at approximately $38,000. Barclays PLC lifted its holdings in shares of Gaotu Techedu by 87.8% during the third quarter. Barclays PLC now owns 73,008 shares of the company's stock valued at $286,000 after purchasing an additional 34,133 shares during the last quarter. Garden State Investment Advisory Services LLC bought a new stake in shares of Gaotu Techedu in the 3rd quarter worth approximately $337,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Gaotu Techedu by 14.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 832,996 shares of the company's stock worth $3,265,000 after buying an additional 108,224 shares during the last quarter. Hedge funds and other institutional investors own 48.42% of the company's stock.

Gaotu Techedu Trading Up 0.2 %

NYSE:GOTU traded up $0.01 during trading hours on Thursday, reaching $2.63. 789,541 shares of the company traded hands, compared to its average volume of 2,713,499. The business's 50-day moving average price is $3.04 and its two-hundred day moving average price is $2.84. Gaotu Techedu Inc. has a 1 year low of $1.87 and a 1 year high of $8.44. The stock has a market capitalization of $681.37 million, a P/E ratio of -4.61 and a beta of 0.18.

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.