Xiangdong Chen Acquires 200,000 Shares of Gaotu Techedu (NYSE:GOTU) Stock

Gaotu Techedu Inc. (NYSE:GOTU) CEO Xiangdong Chen acquired 200,000 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were bought at an average cost of $2.23 per share, with a total value of $446,000.00. Following the purchase, the chief executive officer owned 7,714,529 shares in the company, valued at approximately $17,203,399.67. The trade was a 2.66% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Gaotu Techedu Trading Up 3.7%

NYSE GOTU opened at $1.53 on Friday. Gaotu Techedu Inc. has a 12 month low of $1.40 and a 12 month high of $4.12. The company has a 50-day moving average of $1.85 and a 200-day moving average of $2.11. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.91 and a quick ratio of 0.89. The company has a market cap of $365.77 million, a P/E ratio of -6.35 and a beta of 0.60.

Gaotu Techedu (NYSE:GOTU) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported $0.02 EPS for the quarter. Gaotu Techedu had a negative net margin of 6.42% and a negative return on equity of 29.69%. The company had revenue of $245.04 million during the quarter, compared to the consensus estimate of $233.35 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Gaotu Techedu from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Trading of Gaotu Techedu

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Gaotu Techedu by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 5,192,148 shares of the company’s stock worth $16,926,000 after purchasing an additional 63,891 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Gaotu Techedu by 2.2% during the 1st quarter. Renaissance Technologies LLC now owns 2,330,640 shares of the company’s stock worth $4,568,000 after purchasing an additional 50,362 shares during the period. Millennium Management LLC grew its holdings in shares of Gaotu Techedu by 602.0% during the 1st quarter. Millennium Management LLC now owns 1,996,144 shares of the company’s stock worth $6,487,000 after purchasing an additional 1,711,774 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Gaotu Techedu by 157.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,568,492 shares of the company’s stock worth $5,662,000 after purchasing an additional 958,782 shares during the period. Finally, Marshall Wace LLP grew its holdings in shares of Gaotu Techedu by 3,628.9% during the 2nd quarter. Marshall Wace LLP now owns 788,541 shares of the company’s stock worth $2,847,000 after purchasing an additional 767,394 shares during the period. Hedge funds and other institutional investors own 48.42% of the company’s stock.

About Gaotu Techedu

Gaotu Techedu Inc (NYSE:GOTU), formerly known as GSX Techedu, is a Beijing-based provider of online education services in China. Since its founding in 2014, the company has built a technology-driven platform that delivers live, interactive tutoring sessions to students primarily in the K-12 segment. Gaotu Techedu’s rebranding in 2021 underscored its commitment to leveraging cutting-edge digital tools to expand access to quality instruction across core academic subjects.

The company’s main offerings include small-group and one-on-one classes in mathematics, Chinese, English, physics and chemistry, as well as targeted test preparation for high-stakes national and local examinations.