Sylebra Capital Ltd lowered its position in shares of China Online Education Group (NYSE:COE) by 81.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 75,877 shares of the company’s stock after selling 333,536 shares during the quarter. China Online Education Group comprises 0.0% of Sylebra Capital Ltd’s holdings, making the stock its 23rd biggest position. Sylebra Capital Ltd’s holdings in China Online Education Group were worth $594,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of COE. Citigroup Inc. acquired a new position in China Online Education Group in the first quarter valued at about $48,000. Credit Suisse AG raised its stake in China Online Education Group by 1.0% in the first quarter. Credit Suisse AG now owns 331,195 shares of the company’s stock valued at $6,740,000 after purchasing an additional 3,291 shares in the last quarter. FIL Ltd raised its stake in China Online Education Group by 0.3% in the first quarter. FIL Ltd now owns 1,124,915 shares of the company’s stock valued at $23,196,000 after purchasing an additional 3,372 shares in the last quarter. State Street Corp raised its stake in China Online Education Group by 27.0% in the second quarter. State Street Corp now owns 24,223 shares of the company’s stock valued at $190,000 after purchasing an additional 5,156 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in China Online Education Group in the second quarter valued at about $78,000. 39.35% of the stock is owned by institutional investors.
A number of research analysts recently commented on COE shares. Needham & Company LLC dropped their price target on China Online Education Group from $32.00 to $9.00 and set a “buy” rating for the company in a research note on Thursday, October 7th. Benchmark cut China Online Education Group from a “buy” rating to a “hold” rating in a research report on Monday, July 26th.
[NYSE:COE] traded down $0.13 during midday trading on Friday, hitting $2.41. 212 shares of the stock were exchanged, compared to its average volume of 592,125. The stock has a market capitalization of $52.01 million, a price-to-earnings ratio of 9.19 and a beta of -0.73. The business’s 50-day moving average price is $2.71 and its 200 day moving average price is $8.97. China Online Education Group has a 12 month low of $1.92 and a 12 month high of $30.85.
China Online Education Group (NYSE:COE) last released its quarterly earnings results on Monday, September 27th. The company reported ($1.24) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.99) by ($0.25). The firm had revenue of $89.79 million for the quarter. China Online Education Group had a negative return on equity of 4.98% and a net margin of 1.92%.
China Online Education Group Company Profile
China Online Education Group engages in the operation of an online education platform in China. Its online and mobile education platforms enable students across China to take live interactive english lessons with overseas foreign teachers, on demand. The company was founded by Jia Jia Huang, Ting Shu, and Li Ming Zhang in November 2012 and is headquartered in Beijing, China.
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