Xiangdong Chen Purchases 73,801 Shares of Gaotu Techedu (NYSE:GOTU) Stock

Gaotu Techedu Inc. (NYSE:GOTU) CEO Xiangdong Chen acquired 73,801 shares of Gaotu Techedu stock in a transaction dated Tuesday, June 16th. The shares were acquired at an average cost of $2.28 per share, with a total value of $168,266.28. Following the completion of the acquisition, the chief executive officer directly owned 7,788,330 shares in the company, valued at $17,757,392.40. This trade represents a 0.96% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Thursday, June 11th, Xiangdong Chen acquired 200,000 shares of Gaotu Techedu stock. The shares were acquired at an average cost of $2.23 per share, with a total value of $446,000.00.

Gaotu Techedu Price Performance

NYSE:GOTU opened at $1.56 on Wednesday. The company has a 50-day moving average of $1.83 and a 200-day moving average of $2.10. The company has a market capitalization of $372.97 million, a price-to-earnings ratio of -6.48 and a beta of 0.60. Gaotu Techedu Inc. has a 52 week low of $1.40 and a 52 week high of $4.12. 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 company had revenue of $245.04 million during the quarter, compared to the consensus estimate of $233.35 million. Gaotu Techedu had a negative net margin of 6.42% and a negative return on equity of 29.69%.

Institutional Investors Weigh In On Gaotu Techedu

Large investors have recently made changes to their positions in the company. SmartHarvest Portfolios LLC bought a new stake in shares of Gaotu Techedu in the 1st quarter worth about $29,000. Walleye Trading LLC grew its holdings in shares of Gaotu Techedu by 110.1% in the 2nd quarter. Walleye Trading LLC now owns 21,722 shares of the company’s stock worth $78,000 after purchasing an additional 11,383 shares during the last quarter. HRT Financial LP grew 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 purchasing an additional 10,221 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Gaotu Techedu in the 4th quarter worth about $92,000. Finally, Centiva Capital LP bought a new stake in Gaotu Techedu during the 3rd quarter worth about $133,000. Institutional investors own 48.42% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Gaotu Techedu Company Profile

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.