Yongwei Li Sells Shares in DAO
Yongwei Li, Vice President at DAO, sold 4,000 shares on June 29, 2026.
Key Points
- Yongwei Li, Vice President of DAO, sold 4,000 shares on June 29, 2026.
- Shares of DAO traded near $12.30 on Wednesday, with institutional investors adjusting their stakes.
- ORBIS ALLAN GRAY LTD reduced its DAO holdings by 205,134 shares, while Vanguard Capital Management LLC opened a new position.
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Yongwei Li, Vice President at DAO, sold 4,000 shares of the company on June 29, 2026. This transaction was not part of a pre-planned trading program.
Insider Buying and Selling at Youdao, Inc.
Yongwei Li made several transactions around the end of June 2026. On June 29, he sold 4,000 shares, and on June 30, he both bought and sold 2,300 shares. None of these transactions were part of a pre-planned trading plan.
Other Institutional Activity in DAO
Several institutional investors have adjusted their positions in DAO recently. ORBIS ALLAN GRAY LTD trimmed its holdings by 205,134 shares, ending with 6,738,724 shares valued at approximately $66.2 million. NETEASE, INC. maintained its position at 2,898,293 shares worth about $28.5 million. Vanguard Capital Management LLC initiated a new position with 832,430 shares valued at roughly $8.2 million. Meanwhile, ACADIAN ASSET MANAGEMENT LLC reduced its stake by 136,342 shares, bringing its total to 295,624 shares valued at about $2.9 million. CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. also decreased its holdings by 17,438 shares, leaving it with 226,008 shares valued at $2.2 million.
Analysts Set New Price Targets
Analysts have been active in setting price targets for DAO. On March 4, 2024, Macquarie maintained a 'buy' rating with a price target of $7.3. Daiwa downgraded the stock to a 'hold' on November 8, 2023, with a target of $4.6. Earlier, Jefferies maintained a 'buy' rating with an $8.3 target on August 25, 2023. Citi also kept a 'buy' rating, setting a $7.0 target on August 8, 2023.
Bottom Line
Yongwei Li's recent sale of DAO shares is one of several insider transactions that investors might watch for signals about company sentiment. Institutional investors are also making adjustments, with some opening new positions and others reducing their stakes. Analyst activity shows varied opinions, often maintaining 'buy' ratings but with differing price targets. As always, 13F filings and insider trading reports are backward-looking and may not reflect current positions.
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