Harvest Fund Management Co. Ltd Sells 1,200,000 Shares of Gaotu Techedu Inc. (NYSE:GOTU)

Harvest Fund Management Co. Ltd reduced its stake in shares of Gaotu Techedu Inc. (NYSE:GOTU) by 71.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 473,915 shares of the company’s stock after selling 1,200,000 shares during the quarter. Harvest Fund Management Co. Ltd owned approximately 0.18% of Gaotu Techedu worth $1,038,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Public Employees Retirement System of Ohio bought a new stake in shares of Gaotu Techedu in the 3rd quarter worth $38,000. Catalyst Funds Management Pty Ltd bought a new stake in shares of Gaotu Techedu in the fourth quarter worth approximately $38,000. Pinpoint Asset Management Ltd raised its holdings in shares of Gaotu Techedu by 14.3% during the third quarter. Pinpoint Asset Management Ltd now owns 229,445 shares of the company’s stock valued at $899,000 after purchasing an additional 28,776 shares during the last quarter. Barclays PLC lifted its position in Gaotu Techedu by 87.8% during the third quarter. Barclays PLC now owns 73,008 shares of the company’s stock valued at $286,000 after purchasing an additional 34,133 shares during the period. Finally, GSA Capital Partners LLP boosted its holdings in Gaotu Techedu by 249.7% in the third quarter. GSA Capital Partners LLP now owns 90,881 shares of the company’s stock worth $356,000 after purchasing an additional 64,896 shares during the last quarter. 48.42% of the stock is currently owned by hedge funds and other institutional investors.

Gaotu Techedu Trading Down 1.1 %

Shares of GOTU opened at $3.88 on Thursday. The firm has a fifty day simple moving average of $2.71 and a two-hundred day simple moving average of $2.82. The firm has a market cap of $1.01 billion, a PE ratio of -6.80 and a beta of 0.10. Gaotu Techedu Inc. has a 1-year low of $1.87 and a 1-year high of $8.44.

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.