Norges Bank Invests $3.58 Million in Gaotu Techedu Inc. (NYSE:GOTU)

Norges Bank bought a new stake in shares of Gaotu Techedu Inc. (NYSE:GOTU) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,636,098 shares of the company’s stock, valued at approximately $3,583,000.

Other institutional investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in shares of Gaotu Techedu during the third quarter worth $38,000. Catalyst Funds Management Pty Ltd acquired a new position in Gaotu Techedu during the 4th quarter valued at about $38,000. Barclays PLC boosted its holdings in Gaotu Techedu by 87.8% in the third 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 purchased a new stake in shares of Gaotu Techedu during the third quarter worth about $337,000. Finally, State Street Corp increased its holdings in shares of Gaotu Techedu by 20.7% during the third quarter. State Street Corp now owns 525,166 shares of the company’s stock valued at $2,059,000 after acquiring an additional 90,115 shares in the last quarter. 48.42% of the stock is currently owned by institutional investors and hedge funds.

Gaotu Techedu Trading Up 1.3 %

NYSE GOTU opened at $2.66 on Friday. Gaotu Techedu Inc. has a 12-month low of $1.87 and a 12-month high of $8.44. The company has a fifty day simple moving average of $3.05 and a two-hundred day simple moving average of $2.84. The stock has a market cap of $689.16 million, a P/E ratio of -4.66 and a beta of 0.18.

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.