Harvest Fund Management Co., Ltd. has recently announced that it has increased stake in Gaotu Techedu Inc ADR (NYSE:GOTU) by 98.44%. After grabbing 4.46 million shares, the institutional investor is now in possession of 2.21 million shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 2.99% having worth around $11.56 million. Moreover, Acadian Asset Management LLC increased its share by 0.63 million to have a control over 4.45 million shares. And Healthcare of Ontario Pension Pla raised its holdings to 1.2 million shares by acquiring 1.2 million shares or 0.80% of the stake.
Gaotu Techedu Inc ADR (GOTU) concluded trading on 01/03/24 at a closing price of $3.66, with 9.62 million shares of worth about $35.21 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 27.08% during that period and on Wednesday the price saw a gain of about 11.93%. Currently the company’s common shares owned by public are about 152.10M shares, out of which, 152.01M shares are available for trading.
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Vanguard Emerging Markets Stock I, Vanguard Total International Stoc, and Vanguard Institutional Total Intl are the top 3 mutual funds which are holding stakes in Gaotu Techedu Inc ADR Vanguard Emerging Markets Stock I is currently holding 1.98 million shares of worth totaling $5.13 million. The company recently came buying 0.0 shares which brought its stake up to 1.33% of the company’s outstanding shares. Vanguard Total International Stoc bought 41438.0 shares, after which its hold over company’s outstanding shares expand to 1.26%, leaving 1.89 million shares with the mutual fund that have a worth of about $4.89 million. Vanguard Institutional Total Intl, after buying 0.85 million shares, have now control over 0.57% of the stake in the company. It holds 0.0 shares of worth $2.2 million.
Gaotu Techedu Inc ADR (NYSE: GOTU) started trading at $3.26, below -$0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 3.8200, or with a gain of 11.93%. Stock saw a price change of 1.67% in past 5 days and over the past one month there was a price change of 27.97%. Year-to-date (YTD), GOTU shares are showing a performance of 1.10% which increased to 55.08% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.22 but also hit the highest price of $5.49 during that period. The average intraday trading volume for Gaotu Techedu Inc ADR shares is 4.29 million. The stock is currently trading 6.74% above its 20-day simple moving average (SMA20), while that difference is up 27.25% for SMA50 and it goes to 18.39% higher than SMA200.
Harvest Fund Management Co., Ltd. acquired 4.46 million shares of Gaotu Techedu Inc ADR having value of about $11.56 million. Data submitted at the U.S SEC by Harvest Fund Management Co., Ltd. revealed that the firm now holds 2.21 million shares in the company valued at close to $8106039.9, or have control over 98.44% stake in the company. Gaotu Techedu Inc ADR (NYSE: GOTU) currently have 152.10M outstanding shares and institutions hold larger chunk of about 21.43% of that. Holding of mutual funds in the company is about 17.51% while other institutional holders and individual stake holders have control over 4.31% and — of the stake respectively.
The stock has a current market capitalization of $556.69M and its 3Y-monthly beta is at -0.25. PE ratio of stock for trailing 12 months is 36.86, while it has posted earnings per share of $0.10 in the same period. Its PEG reads 2.30 and has Quick Ratio of 2.36 while making debt-to-equity ratio of 0.04. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GOTU, volatility over the week remained 9.18% while standing at 10.29% over the month.
Analysts are in expectations that Gaotu Techedu Inc ADR (GOTU) stock would likely to be making an EPS of -$0.05 in the current quarter, while forecast for next quarter EPS is $0 and it is $0.11 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.05 which is -$0.05 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.8 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -231.38% while it is estimated to increase by 393.52% in next year.
Analysts at 6 brokerage firms have issued recommendations for the Gaotu Techedu Inc ADR (GOTU)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.17. Out of those 6 Wall Street analysts, 3 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on Jan-04-24 offering a Buy rating for the stock and assigned a target price of $4.50 to it.
