Norges Bank acquired a new stake in Youdao, Inc. (NYSE:DAO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 96,600 shares of the company's stock, valued at approximately $715,000. Norges Bank owned approximately 0.08% of Youdao at the end of the most recent quarter.
Separately, Blue Trust Inc. lifted its position in shares of Youdao by 29.1% during the fourth quarter. Blue Trust Inc. now owns 8,733 shares of the company's stock worth $65,000 after purchasing an additional 1,969 shares in the last quarter. Institutional investors own 21.91% of the company's stock.
Youdao Price Performance
Shares of Youdao stock traded down $0.05 on Tuesday, reaching $7.27. 120,036 shares of the company were exchanged, compared to its average volume of 127,441. The stock's 50 day moving average price is $8.47 and its 200-day moving average price is $7.00. The company has a market cap of $879.09 million, a P/E ratio of 72.70 and a beta of 0.32. Youdao, Inc. has a 1-year low of $2.86 and a 1-year high of $11.82.
Youdao (NYSE:DAO - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.10 earnings per share (EPS) for the quarter. Youdao had a net margin of 1.50% and a negative return on equity of 3.75%. The business had revenue of $183.55 million during the quarter.
Analysts Set New Price Targets
Separately, Citigroup lowered shares of Youdao from a "buy" rating to a "neutral" rating in a report on Thursday, December 19th.
Check Out Our Latest Report on DAO
Youdao Company Profile
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Free Report)
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.
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