Tower Research Capital LLC TRC Raises Stock Holdings in Gaotu Techedu Inc. (NYSE:GOTU)

Tower Research Capital LLC TRC raised its position in Gaotu Techedu Inc. (NYSE:GOTU) by 543.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,988 shares of the company’s stock after buying an additional 12,659 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Gaotu Techedu were worth $54,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Jump Financial LLC purchased a new stake in shares of Gaotu Techedu during the fourth quarter worth approximately $313,000. Yong Rong HK Asset Management Ltd purchased a new stake in shares of Gaotu Techedu during the fourth quarter worth approximately $11,487,000. Harvest Fund Management Co. Ltd raised its stake in shares of Gaotu Techedu by 20.4% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 5,373,915 shares of the company’s stock worth $19,507,000 after purchasing an additional 909,354 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Gaotu Techedu during the third quarter worth approximately $3,300,000. Finally, Acadian Asset Management LLC grew its holdings in Gaotu Techedu by 16.4% during the third quarter. Acadian Asset Management LLC now owns 4,445,239 shares of the company’s stock worth $12,248,000 after acquiring an additional 625,976 shares during the period. Hedge funds and other institutional investors own 48.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on GOTU shares. CLSA raised Gaotu Techedu from an “underperform” rating to an “outperform” rating and set a $8.65 price objective on the stock in a report on Wednesday, February 28th. Citigroup raised Gaotu Techedu from a “sell” rating to a “buy” rating and upped their target price for the company from $2.48 to $4.50 in a report on Wednesday, January 3rd.

Gaotu Techedu Trading Up 0.8 %

Shares of NYSE:GOTU traded up $0.05 on Monday, hitting $6.76. The company had a trading volume of 1,648,713 shares, compared to its average volume of 5,349,302. Gaotu Techedu Inc. has a 52-week low of $2.22 and a 52-week high of $8.42. The business has a 50 day moving average of $6.79 and a 200 day moving average of $4.50. The company has a market cap of $1.76 billion, a PE ratio of -674.83 and a beta of 0.05.

Gaotu Techedu (NYSE:GOTU) last issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.07) earnings per share (EPS) for the quarter. Gaotu Techedu had a negative net margin of 0.10% and a negative return on equity of 0.10%. The company had revenue of $107.19 million during the quarter.

Gaotu Techedu Profile

Gaotu Techedu Inc, a technology-driven education company, provides online K-12 after-school tutoring services in the People's Republic of China. The company provides foreign language courses comprising English and Japanese, as well as test preparation courses for students taking language certification exams; and professional courses primarily for college students and adults preparing for professional qualification exams, such teacher's qualification, Chartered Financial Analyst designation, Certified Public Accountant designation, Certified Tax Agent designation, securities qualification exams, and other exams.