Citigroup Lowers Gaotu Techedu (NYSE:GOTU) to Sell

Citigroup cut shares of Gaotu Techedu (NYSE:GOTU) from a buy rating to a sell rating in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports.

Gaotu Techedu Price Performance

GOTU stock opened at $3.18 on Tuesday. Gaotu Techedu has a 1 year low of $2.22 and a 1 year high of $8.44. The firm has a 50-day moving average of $4.69 and a 200 day moving average of $5.86. The company has a market cap of $821.79 million and a P/E ratio of -39.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Yong Rong HK Asset Management Ltd bought a new position in Gaotu Techedu in the fourth quarter worth $11,487,000. Jump Financial LLC bought a new position in shares of Gaotu Techedu in the 4th quarter worth about $313,000. Tiger Pacific Capital LP purchased a new position in Gaotu Techedu during the 4th quarter valued at about $10,665,000. HCEP Management Ltd bought a new stake in Gaotu Techedu during the fourth quarter worth about $3,620,000. Finally, Garden State Investment Advisory Services LLC purchased a new stake in Gaotu Techedu in the fourth quarter worth about $1,062,000. Hedge funds and other institutional investors own 48.42% of the company’s stock.

About Gaotu Techedu

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.