Hel Ved Capital Management Ltd Trims Stock Holdings in Gaotu Techedu Inc. (NYSE:GOTU)

Hel Ved Capital Management Ltd lessened its holdings in shares of Gaotu Techedu Inc. (NYSE:GOTU) by 53.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 751,800 shares of the company’s stock after selling 855,137 shares during the period. Hel Ved Capital Management Ltd’s holdings in Gaotu Techedu were worth $1,646,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Gaotu Techedu during the third quarter worth approximately $38,000. Catalyst Funds Management Pty Ltd bought a new position in Gaotu Techedu during the 4th quarter valued at $38,000. Barclays PLC grew its holdings in Gaotu Techedu by 87.8% during the 3rd quarter. Barclays PLC now owns 73,008 shares of the company’s stock worth $286,000 after acquiring an additional 34,133 shares in the last quarter. Garden State Investment Advisory Services LLC bought a new stake in shares of Gaotu Techedu in the 3rd quarter worth about $337,000. Finally, State Street Corp raised its stake in shares of Gaotu Techedu by 20.7% in the 3rd quarter. State Street Corp now owns 525,166 shares of the company’s stock valued at $2,059,000 after purchasing an additional 90,115 shares in the last quarter. 48.42% of the stock is currently owned by hedge funds and other institutional investors.

Gaotu Techedu Stock Performance

Shares of GOTU stock opened at $2.92 on Friday. The stock has a market capitalization of $756.65 million, a price-to-earnings ratio of -5.11 and a beta of 0.18. Gaotu Techedu Inc. has a one year low of $1.87 and a one year high of $8.44. The company’s 50-day simple moving average is $3.00 and its 200-day simple moving average is $2.84.

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.