China Online Education Group (NYSE:COE) now covered by StockNews.com



The analysts of StockNews.com began to cover the shares of China Online Education Group (NYSE:COEGet a rating) in a research report delivered to clients and investors on Thursday. The company has placed a “holding” rating on the stock.

China Online Education Group Action opened at $1.35 on Thursday. The company has a market capitalization of $30.02 million, a P/E ratio of -4.82 and a beta of -0.50. The company’s 50-day moving average is $1.26 and its 200-day moving average is $1.29. China Online Education Group has a 1-year minimum of $0.76 and a 1-year maximum of $8.19.

Several large investors have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV increased its stake in China Online Education Group by 219.3% in the first quarter. Mercer Global Advisors Inc. ADV now owns 53,080 shares of the company valued at $93,000 after purchasing an additional 36,455 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in China Online Education Group by 193.2% in Q1. Envestnet Asset Management Inc. now owns 55,979 shares of the company valued at $98,000 after purchasing an additional 36,885 shares in the last quarter. 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 acquiring 9,862 additional shares in the last quarter. Redpoint Investment Management Pty Ltd acquired a new stake in China Online Education Group during Q1 for a value of approximately $213,000. Finally, Acadian Asset Management LLC increased its position in shares of China Online Education Group by 121.5% in the 4th quarter. Acadian Asset Management LLC now owns 361,157 shares of the company valued at $436,000 after purchasing an additional 198,123 shares in the last quarter. Institutional investors and hedge funds own 69.25% 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, the Philippines and around the world. The company operates online and mobile teaching platforms that allow students to take live, interactive English lessons with international teachers.

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