Gaotu Techedu (NYSE:GOTU) Stock Price Down 4.2% – Should You Sell?

Gaotu Techedu Inc. (NYSE:GOTU) shares traded down 4.2% on Thursday . The stock traded as low as $3.61 and last traded at $3.73. 421,742 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 2,334,981 shares. The stock had previously closed at $3.89.

Gaotu Techedu Price Performance

The company’s 50-day simple moving average is $2.71 and its 200 day simple moving average is $2.82. The firm has a market cap of $914.98 million, a P/E ratio of -6.18 and a beta of 0.10.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC boosted its holdings in Gaotu Techedu by 87.8% during the 3rd quarter. Barclays PLC now owns 73,008 shares of the company’s stock valued at $286,000 after acquiring an additional 34,133 shares during the period. JPMorgan Chase & Co. lifted its holdings in Gaotu Techedu by 14.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 832,996 shares of the company’s stock valued at $3,265,000 after buying an additional 108,224 shares in the last quarter. State Street Corp boosted its position in Gaotu Techedu by 20.7% in the 3rd quarter. State Street Corp now owns 525,166 shares of the company’s stock valued at $2,059,000 after buying an additional 90,115 shares during the period. GSA Capital Partners LLP grew its stake in Gaotu Techedu by 249.7% in the 3rd quarter. GSA Capital Partners LLP now owns 90,881 shares of the company’s stock worth $356,000 after acquiring an additional 64,896 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC bought a new stake in shares of Gaotu Techedu during the third quarter valued at approximately $337,000. 48.42% of the stock is owned by hedge funds and other institutional investors.

About Gaotu Techedu

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.