1 week Ago By Defense World Staff
Norges Bank acquired a new position in Youdao, Inc. (NYSE:DAO – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 96,600 shares of the company’s stock, valued at approximately $715,000.
Norges Bank owned 0.08% of Youdao at the end of the most recent reporting period. Separately, Blue Trust Inc.
raised its position in shares of Youdao by 29.1% in the 4th quarter. Blue Trust Inc.
now owns 8,733 shares of the company’s stock worth $65,000 after acquiring an additional 1,969 shares in the last quarter. Hedge funds and other institutional investors own 21.91% of the company’s stock.
Youdao Price PerformanceShares of Youdao stock opened at $6.80 on Friday. Youdao, Inc.
has a 1 year low of $2.86 and a 1 year high of $11.82.
The firm has a market cap of $822.26 million, a price-to-earnings ratio of 68.00 and a beta of 0.
32. The company has a 50-day moving average of $8.50 and a 200 day moving average of $6.
95. Youdao (NYSE:DAO – Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.
10 earnings per share for the quarter. Youdao had a net margin of 1.50% and a negative return on equity of 3.
75%. The business had revenue of $183.55 million during the quarter.
Wall Street Analyst Weigh InSeparately, Citigroup downgraded Youdao from a “buy” rating to a “neutral” rating in a report on Thursday, December 19th.Get Our Latest Stock Report on DAOYoudao Profile (Free Report)Youdao, Inc, an internet technology company, provides online services in the field of content, community, communication, and commerce in China. It operates through three segments: Learning Services, Smart Devices, and Online Marketing Services.
The company provides various learning content, applications, and solutions, which cover topics and target people from various age groups for their learning needs through its websites and mobile applications.Featured StoriesFive stocks we like better than YoudaoConference Calls and Individual InvestorsRobinhood Strategies Could Be a Game-Changer for Young InvestorsHow to Calculate Options ProfitsAre These 3 Retail Stocks Oversold or Really in Trouble?How to Short a Stock in 5 Easy Steps IONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are AheadWant to see what other hedge funds are holding DAO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Youdao, Inc.
(NYSE:DAO – Free Report)..
