Alpine Investment Management Ltd bought a new position in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,000 shares of the company's stock, valued at approximately $642,000. New Oriental Education & Technology Group comprises 0.2% of Alpine Investment Management Ltd's holdings, making the stock its 8th biggest position.
Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of New Oriental Education & Technology Group by 175.4% during the 4th quarter. JPMorgan Chase & Co. now owns 2,276,762 shares of the company's stock worth $146,123,000 after buying an additional 1,449,979 shares during the period. Norges Bank bought a new stake in New Oriental Education & Technology Group during the fourth quarter valued at about $92,345,000. Schroder Investment Management Group grew its position in shares of New Oriental Education & Technology Group by 17.2% in the fourth quarter. Schroder Investment Management Group now owns 3,019,859 shares of the company's stock valued at $193,815,000 after purchasing an additional 442,656 shares during the last quarter. Panview Capital Ltd bought a new position in shares of New Oriental Education & Technology Group in the fourth quarter worth about $27,358,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of New Oriental Education & Technology Group during the 3rd quarter worth about $27,425,000.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on EDU shares. JPMorgan Chase & Co. cut shares of New Oriental Education & Technology Group from an "overweight" rating to a "neutral" rating and cut their target price for the company from $85.00 to $50.00 in a research note on Wednesday, January 22nd. Macquarie lowered shares of New Oriental Education & Technology Group from an "outperform" rating to an "underperform" rating and cut their price objective for the company from $79.00 to $44.00 in a research report on Wednesday, January 22nd. China Renaissance downgraded New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Citigroup cut New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and cut their price target for the company from $83.00 to $50.00 in a report on Friday, January 24th. Finally, Morgan Stanley lowered New Oriental Education & Technology Group from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $83.00 to $52.00 in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $61.20.
Check Out Our Latest Report on EDU
New Oriental Education & Technology Group Stock Down 1.0 %
Shares of EDU traded down $0.44 on Thursday, hitting $42.49. The company's stock had a trading volume of 512,493 shares, compared to its average volume of 1,884,857. The firm has a market capitalization of $7.21 billion, a price-to-earnings ratio of 18.06 and a beta of 0.37. The firm's fifty day moving average price is $48.75 and its 200-day moving average price is $57.64. New Oriental Education & Technology Group Inc. has a fifty-two week low of $40.66 and a fifty-two week high of $91.04.
New Oriental Education & Technology Group Company Profile
(
Free Report)
New Oriental Education & Technology Group, Inc is a holding company, which engages in the provision of private educational services. It operates through the following segments: Educational Services and Test Preparation Courses, Private Label Products and Livestreaming E-Commerce, Overseas Study Consulting Services, and Educational Materials and Distribution.
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