What is $S^3/S^1$?

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I have been given this space in a question but I am unsure what it means

I know that $S^3=\{(z_1, z_2) \in \mathbb{C^2}\mid |z_{1}|^2 + |z_{2}|^2=1 \}$

Could you help me understand what set of points are contained in $S^3/S^1$ and perhaps what it is homeomorphic to?


Motivation: motivation