Online education

StockNews.com launches coverage on China Online Education Group (NYSE:COE)


StockNews.com initiated a hedge on the shares of China Online Education Group (NYSE:COEGet a rating) in a report released Tuesday. The company has placed a “holding” rating on the stock.

Shares of Stock COE opened at $1.43 on Tuesday. China Online Education Group has a 12-month low of $0.76 and a 12-month high of $22.63. The stock has a market capitalization of $30.85 million, a price-earnings ratio of 1.99 and a beta of -0.72. The stock has a fifty-day simple moving average of $1.49 and a two-hundred-day simple moving average of $1.62.

Several hedge funds have recently changed their COE holdings. Goldman Sachs Group Inc. bought a new stake in China Online Education Group stock in Q2 for $89,000. BlackRock Inc. increased its equity stake in China Online Education Group by 20.9% in Q3. BlackRock Inc. now owns 57,142 shares of the company worth $149,000 after purchasing an additional 9,862 shares during the period. Prescott Group Capital Management LLC purchased a new stake in China Online Education Group stock during Q3 for $26,000. Renaissance Technologies LLC increased its stake in shares of China Online Education Group by 21.9% during the 3rd quarter. Renaissance Technologies LLC now owns 257,300 shares of the company worth $672,000 after purchasing an additional 46,200 shares in the last quarter. Finally, Morgan Stanley increased its stake in shares of China Online Education Group by 10,002.3% during the 3rd quarter. Morgan Stanley now owns 93,749 shares of the company worth $245,000 after buying an additional 92,821 shares in the last quarter. Institutional investors and hedge funds hold 68.03% of the company’s shares.

China Online Education Group Company Profile (Get a rating)

China Online Education Group, through its subsidiaries, provides online English education services to students in the People’s Republic of China and the Philippines. The company operates online and mobile teaching platforms that allow students to take live interactive English lessons with international foreign teachers.

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