Gaotu Techedu (NYSE:GOTU) Shares Up 4.9% – Still a Buy?

Gaotu Techedu Inc. (NYSE:GOTU)’s share price traded up 4.9% during mid-day trading on Thursday . The stock traded as high as $3.28 and last traded at $3.32. 691,213 shares changed hands during trading, a decline of 71% from the average session volume of 2,343,332 shares. The stock had previously closed at $3.16.

Gaotu Techedu Trading Up 4.3 %

The company has a market capitalization of $855.28 million, a P/E ratio of -5.84 and a beta of 0.10. The business has a 50 day moving average price of $2.84 and a 200 day moving average price of $2.82.

Institutional Trading of Gaotu Techedu

A number of large investors have recently made changes to their positions in the company. Two Sigma Advisers LP acquired a new position in Gaotu Techedu in the fourth quarter valued at about $41,000. Point72 Asset Management L.P. acquired a new position in shares of Gaotu Techedu in the 4th quarter valued at approximately $343,000. Lighthouse Investment Partners LLC bought a new stake in Gaotu Techedu during the 4th quarter worth approximately $103,000. Two Sigma Securities LLC acquired a new stake in Gaotu Techedu during the 4th quarter worth approximately $86,000. Finally, Marshall Wace LLP bought a new position in Gaotu Techedu in the fourth quarter valued at approximately $781,000. Institutional investors own 48.42% of the company’s stock.

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.