Marshall Wace LLP cut its holdings in Youdao, Inc. (NYSE:DAO – Free Report) by 52.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 30,287 shares of the company’s stock after selling 33,094 shares during the period. Marshall Wace LLP’s holdings in Youdao were worth $119,000 at the end of the most recent reporting period.
Separately, Acadian Asset Management LLC grew its stake in shares of Youdao by 98.4% during the 2nd quarter. Acadian Asset Management LLC now owns 238,445 shares of the company’s stock valued at $928,000 after buying an additional 118,245 shares during the period. Institutional investors and hedge funds own 21.91% of the company’s stock.
Youdao Stock Down 2.9 %
Shares of NYSE DAO opened at $4.97 on Monday. The firm has a fifty day moving average of $3.68 and a 200-day moving average of $3.71. Youdao, Inc. has a 52-week low of $2.86 and a 52-week high of $5.97. The stock has a market capitalization of $600.97 million, a PE ratio of -13.08 and a beta of -0.03.
About Youdao
Youdao, Inc, an internet technology company, provides online services in the field of content, community, communication, and commerce in China. It operates through three segments: Learning Services, Smart Devices, and Online Marketing Services. The company provides various learning content, applications, and solutions, which cover topics and target people from various age groups for their learning needs through its websites and mobile applications.
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