Garden State Investment Advisory Services LLC Takes $337,000 Position in Gaotu Techedu Inc. (NYSE:GOTU)

Garden State Investment Advisory Services LLC bought a new stake in Gaotu Techedu Inc. (NYSE:GOTU) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 85,850 shares of the company’s stock, valued at approximately $337,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC bought a new position in Gaotu Techedu during the 2nd quarter valued at $75,000. Virtu Financial LLC bought a new position in Gaotu Techedu during the 1st quarter valued at $133,000. GSA Capital Partners LLP boosted its stake in 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 last quarter. Marshall Wace LLP boosted its stake in Gaotu Techedu by 158.2% during the 2nd quarter. Marshall Wace LLP now owns 77,562 shares of the company’s stock valued at $380,000 after acquiring an additional 47,522 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in Gaotu Techedu during the 2nd quarter valued at $693,000. 48.42% of the stock is currently owned by hedge funds and other institutional investors.

Gaotu Techedu Stock Performance

Gaotu Techedu stock opened at $2.90 on Tuesday. The firm’s 50-day moving average is $3.15 and its 200-day moving average is $4.16. Gaotu Techedu Inc. has a 1 year low of $2.47 and a 1 year high of $8.44.

Wall Street Analysts Forecast Growth

Separately, Citigroup downgraded shares of Gaotu Techedu from a “buy” rating to a “sell” rating in a research note on Tuesday, August 27th.

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.