AIA Group Ltd increased its stake in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 11.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,033 shares of the company's stock after purchasing an additional 8,230 shares during the quarter. AIA Group Ltd's holdings in New Oriental Education & Technology Group were worth $5,329,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in New Oriental Education & Technology Group in the 4th quarter worth approximately $51,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of New Oriental Education & Technology Group by 14.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,658 shares of the company's stock valued at $126,000 after buying an additional 206 shares during the period. Empowered Funds LLC purchased a new stake in shares of New Oriental Education & Technology Group in the 4th quarter worth approximately $138,000. Blue Trust Inc. lifted its holdings in New Oriental Education & Technology Group by 37.8% during the fourth quarter. Blue Trust Inc. now owns 2,827 shares of the company's stock worth $181,000 after buying an additional 775 shares during the period. Finally, Sei Investments Co. bought a new position in New Oriental Education & Technology Group in the fourth quarter worth about $224,000.
New Oriental Education & Technology Group Stock Down 6.5 %
EDU stock traded down $3.13 during mid-day trading on Friday, reaching $44.66. 3,815,475 shares of the stock traded hands, compared to its average volume of 1,885,350. The business has a 50-day moving average of $49.36 and a two-hundred day moving average of $58.30. The firm has a market capitalization of $7.58 billion, a PE ratio of 19.00 and a beta of 0.37. New Oriental Education & Technology Group Inc. has a 52 week low of $43.34 and a 52 week high of $91.04.
Analyst Ratings Changes
Several analysts have recently commented on EDU shares. Citigroup downgraded shares of New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $83.00 to $50.00 in a report on Friday, January 24th. Morgan Stanley lowered shares of New Oriental Education & Technology Group from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $83.00 to $52.00 in a report on Wednesday, January 22nd. StockNews.com lowered New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th. Macquarie lowered shares of New Oriental Education & Technology Group from an "outperform" rating to an "underperform" rating and dropped their price target for the company from $79.00 to $44.00 in a research note on Wednesday, January 22nd. Finally, China Renaissance lowered shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, New Oriental Education & Technology Group currently has an average rating of "Hold" and a consensus target price of $61.20.
View Our Latest Stock Analysis on New Oriental Education & Technology Group
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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