Harvest Fund Management Co. Ltd Sells 1,200,000 Shares of Gaotu Techedu Inc. (NYSE:GOTU)

Harvest Fund Management Co. Ltd trimmed its stake in Gaotu Techedu Inc. (NYSE:GOTU) by 71.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 473,915 shares of the company’s stock after selling 1,200,000 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Gaotu Techedu were worth $1,038,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. GSA Capital Partners LLP increased its position in Gaotu Techedu by 249.7% in the third quarter. GSA Capital Partners LLP now owns 90,881 shares of the company’s stock worth $356,000 after buying an additional 64,896 shares in the last quarter. Garden State Investment Advisory Services LLC bought a new position in shares of Gaotu Techedu during the 3rd quarter valued at approximately $337,000. Pinpoint Asset Management Ltd increased its holdings in Gaotu Techedu by 14.3% in the 3rd quarter. Pinpoint Asset Management Ltd now owns 229,445 shares of the company’s stock worth $899,000 after acquiring an additional 28,776 shares in the last quarter. State Street Corp raised its stake in Gaotu Techedu by 20.7% during the 3rd quarter. State Street Corp now owns 525,166 shares of the company’s stock worth $2,059,000 after acquiring an additional 90,115 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in Gaotu Techedu during the third quarter valued at approximately $38,000. 48.42% of the stock is owned by institutional investors.

Gaotu Techedu Price Performance

Shares of NYSE GOTU opened at $3.88 on Thursday. Gaotu Techedu Inc. has a 1 year low of $1.87 and a 1 year high of $8.44. The firm has a fifty day moving average price of $2.71 and a 200-day moving average price of $2.82. The stock has a market cap of $1.01 billion, a PE ratio of -6.80 and a beta of 0.10.

Gaotu Techedu Profile

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.