Youdao (NYSE:DAO) Sets New 1-Year High - Here's What Happened

Shares of Youdao, Inc. (NYSE:DAO - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $11.82 and last traded at $11.14, with a volume of 1066210 shares traded. The stock had previously closed at $7.83.

Analyst Ratings Changes

Separately, Citigroup lowered shares of Youdao from a "buy" rating to a "neutral" rating in a research note on Thursday, December 19th.

Youdao Price Performance

The stock's 50 day moving average is $7.47 and its two-hundred day moving average is $5.42. The stock has a market capitalization of $1.24 billion, a PE ratio of 146.71 and a beta of 0.03.

Institutional Trading of Youdao

A number of large investors have recently made changes to their positions in the company. Renaissance Technologies LLC increased its stake in shares of Youdao by 3.3% during the fourth quarter. Renaissance Technologies LLC now owns 57,100 shares of the company's stock worth $423,000 after buying an additional 1,800 shares during the period. Blue Trust Inc. increased its stake in Youdao by 29.1% in the fourth quarter. Blue Trust Inc. now owns 8,733 shares of the company's stock valued at $65,000 after purchasing an additional 1,969 shares during the last quarter. Jane Street Group LLC purchased a new position in Youdao in the fourth quarter valued at approximately $119,000. Symmetry Peak Management LLC purchased a new position in Youdao in the third quarter valued at approximately $102,000. Finally, Walleye Capital LLC purchased a new position in Youdao in the fourth quarter valued at approximately $401,000. 21.91% of the stock is currently owned by hedge funds and other institutional investors.

Youdao Company Profile

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.