APG Asset Management N.V. Takes Position in New Oriental Education & Technology Group Inc. (NYSE:EDU)

APG Asset Management N.V. bought a new stake in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 252,500 shares of the company's stock, valued at approximately $15,650,000. APG Asset Management N.V. owned approximately 0.15% of New Oriental Education & Technology Group as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its holdings in shares of New Oriental Education & Technology Group by 175.4% in 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 last quarter. Norges Bank bought a new stake in New Oriental Education & Technology Group during the fourth quarter worth approximately $92,345,000. FMR LLC raised its position in New Oriental Education & Technology Group by 46.3% during the fourth quarter. FMR LLC now owns 4,539,678 shares of the company's stock valued at $291,357,000 after purchasing an additional 1,437,656 shares during the period. Schroder Investment Management Group lifted its stake in shares of New Oriental Education & Technology Group by 17.2% in the 4th 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. Finally, Panview Capital Ltd bought a new stake in New Oriental Education & Technology Group in the fourth quarter worth $27,358,000.

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Analyst Ratings Changes

Several equities analysts have commented on EDU shares. Macquarie downgraded 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. StockNews.com cut New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th. Citigroup downgraded shares of New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and lowered their target price for the company from $83.00 to $50.00 in a research note on Friday, January 24th. Morgan Stanley lowered shares of New Oriental Education & Technology Group from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $83.00 to $52.00 in a research note on Wednesday, January 22nd. Finally, China Renaissance cut shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $61.20.

New Oriental Education & Technology Group Price Performance

Shares of EDU traded up $1.29 during mid-day trading on Tuesday, reaching $45.38. 611,183 shares of the company's stock were exchanged, compared to its average volume of 1,890,978. The business's fifty day simple moving average is $48.45 and its 200-day simple moving average is $57.05. New Oriental Education & Technology Group Inc. has a 52-week low of $40.66 and a 52-week high of $91.04. The stock has a market capitalization of $7.70 billion, a PE ratio of 19.31 and a beta of 0.37.

New Oriental Education & Technology Group Company Profile

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.