Traders Buy High Volume of Call Options on Gaotu Techedu (NYSE:GOTU)

Gaotu Techedu Inc. (NYSE:GOTU) was the recipient of unusually large options trading on Wednesday. Investors acquired 4,153 call options on the company. This represents an increase of approximately 176% compared to the average volume of 1,507 call options.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in shares of Gaotu Techedu in the first quarter worth $63,000. Tower Research Capital LLC TRC increased its holdings in shares of Gaotu Techedu by 543.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 14,988 shares of the company’s stock worth $54,000 after purchasing an additional 12,659 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Gaotu Techedu in the first quarter worth $99,000. Virtu Financial LLC bought a new position in shares of Gaotu Techedu in the first quarter worth $133,000. Finally, Jump Financial LLC bought a new position in shares of Gaotu Techedu in the fourth quarter worth $313,000. Institutional investors own 48.42% of the company’s stock.

Gaotu Techedu Trading Down 2.8 %

Gaotu Techedu stock opened at $5.26 on Thursday. The business’s 50 day simple moving average is $5.99 and its 200 day simple moving average is $5.66. Gaotu Techedu has a 12 month low of $2.22 and a 12 month high of $8.44. The company has a market cap of $1.36 billion and a price-to-earnings ratio of -65.75.

Gaotu Techedu (NYSE:GOTU) last issued its earnings results on Tuesday, May 21st. The company reported ($0.01) earnings per share (EPS) for the quarter. Gaotu Techedu had a negative net margin of 4.22% and a negative return on equity of 4.19%. The business had revenue of $131.14 million for the quarter.

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.