Xiangdong Chen Purchases 167,051 Shares of Gaotu Techedu (NYSE:GOTU) Stock

Gaotu Techedu Inc. (NYSE:GOTU) CEO Xiangdong Chen purchased 167,051 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were purchased at an average cost of $2.50 per share, for a total transaction of $417,627.50. Following the purchase, the chief executive officer directly owned 8,014,529 shares in the company, valued at approximately $20,036,322.50. This represents a 2.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Xiangdong Chen also recently made the following trade(s):

• On Wednesday, June 17th, Xiangdong Chen purchased 59,148 shares of Gaotu Techedu stock. The stock was purchased at an average price of $2.42 per share, for a total transaction of $143,138.16.
• On Tuesday, June 16th, Xiangdong Chen acquired 73,801 shares of Gaotu Techedu stock. The stock was purchased at an average cost of $2.28 per share, with a total value of $168,266.28.
• On Thursday, June 11th, Xiangdong Chen acquired 200,000 shares of Gaotu Techedu stock. The shares were purchased at an average cost of $2.23 per share, with a total value of $446,000.00.

Gaotu Techedu Stock Down 0.3%

Gaotu Techedu stock opened at $1.65 on Monday. Gaotu Techedu Inc. has a fifty-two week low of $1.40 and a fifty-two week high of $4.12. The firm has a market capitalization of $394.55 million, a price-to-earnings ratio of -6.85 and a beta of 0.60. The stock’s fifty day moving average is $1.81 and its two-hundred day moving average is $2.08. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.91.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. SmartHarvest Portfolios LLC acquired a new position in shares of Gaotu Techedu in the 1st quarter valued at about $29,000. HRT Financial LP increased its holdings in shares of Gaotu Techedu by 86.6% in the 4th quarter. HRT Financial LP now owns 22,020 shares of the company’s stock worth $51,000 after acquiring an additional 10,221 shares during the period. Walleye Trading LLC increased its stake in Gaotu Techedu by 110.1% during the 2nd quarter. Walleye Trading LLC now owns 21,722 shares of the company’s stock valued at $78,000 after buying an additional 11,383 shares during the period. Quadrature Capital Ltd acquired a new position in Gaotu Techedu during the fourth quarter worth about $92,000. Finally, Federation des caisses Desjardins du Quebec bought a new stake in Gaotu Techedu in the fourth quarter worth about $104,000. 48.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Gaotu Techedu from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

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.