Yongwei Li Sells Shares of DAO
DAO's Vice President Yongwei Li sold 2,300 shares on June 30, 2026.
Key Points
- Yongwei Li, Vice President of DAO, sold 2,300 shares on June 30, 2026, in a non-planned transaction.
- Shares of DAO traded near $12.30 on Wednesday, with significant institutional activity including Orbis Allan Gray Ltd reducing its stake by 3.0%.
- Analysts from Macquarie and Jefferies maintain buy ratings with varied price targets, reflecting diverse opinions on DAO's future performance.
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Yongwei Li, Vice President of DAO, recently sold 2,300 shares of the company on June 30, 2026. This transaction was not part of a pre-arranged trading plan. The details of the sale, including the price at which the shares were sold, were not disclosed.
Other Institutional Activity in DAO
Orbis Allan Gray Ltd reduced its holdings in DAO by 205,134 shares, bringing its total to approximately 6.74 million shares, valued at around $66.2 million. NetEase, Inc. maintained its position with about 2.9 million shares worth $28.5 million. Vanguard Capital Management LLC opened a new position with 832,430 shares, valued at $8.18 million. Meanwhile, Acadian Asset Management LLC decreased its stake by 136,342 shares, representing a 31.6% reduction, leaving it with 295,624 shares valued at $2.9 million. Connor, Clark & Lunn Investment Management Ltd. also trimmed its position by 17,438 shares to 226,008 shares, valued at $2.22 million. Vanguard Fiduciary Trust Co initiated a new position with 211,666 shares worth $2.08 million.
Youdao, Inc. Stock Down 26.1%
On Wednesday, shares of DAO traded near $12.30. The stock has seen varying activity from institutional investors, reflecting diverse strategies and outlooks on its performance.
$DAO stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
Macquarie maintained its buy rating on DAO with a price target of $7.30 as of March 4, 2024. Jefferies also maintained a buy rating, setting a target of $8.30 on August 25, 2023. Citi kept its buy rating with a $7.00 target on August 8, 2023. Daiwa downgraded the stock to hold with a $4.60 target on November 8, 2023, after previously upgrading it to buy with a $9.50 target in March 2023.
Bottom Line
Yongwei Li's recent sale of DAO shares adds an intriguing layer to the ongoing institutional activity surrounding the company. While individual insider trades can be routine, they often attract attention when combined with significant institutional movements. Investors and analysts alike continue to watch DAO closely, balancing past performance with future expectations. As always, these transactions are disclosed after the fact and may not reflect current positions.
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