Artisan Partners Limited Partnership Boosts Holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Artisan Partners Limited Partnership lifted its position in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 34.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,113 shares of the company's stock after buying an additional 17,897 shares during the period. Artisan Partners Limited Partnership's holdings in New Oriental Education & Technology Group were worth $4,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EDU. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of New Oriental Education & Technology Group by 14.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,658 shares of the company's stock valued at $126,000 after purchasing an additional 206 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in New Oriental Education & Technology Group by 20,215.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 994,431 shares of the company's stock valued at $75,418,000 after purchasing an additional 989,536 shares during the period. Flow Traders U.S. LLC acquired a new position in New Oriental Education & Technology Group during the 3rd quarter worth $320,000. Caisse DE Depot ET Placement DU Quebec increased its holdings in New Oriental Education & Technology Group by 49.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 180,151 shares of the company's stock worth $13,663,000 after purchasing an additional 59,429 shares during the period. Finally, Aspex Management HK Ltd raised its position in New Oriental Education & Technology Group by 46.7% in the 3rd quarter. Aspex Management HK Ltd now owns 4,753,340 shares of the company's stock valued at $360,493,000 after purchasing an additional 1,513,640 shares in the last quarter.

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New Oriental Education & Technology Group Trading Down 2.8 %

EDU stock traded down $1.34 on Thursday, hitting $47.25. The company's stock had a trading volume of 496,988 shares, compared to its average volume of 1,849,206. The stock has a market cap of $8.02 billion, a price-to-earnings ratio of 20.11 and a beta of 0.47. The firm has a 50 day moving average of $49.38 and a two-hundred day moving average of $58.48. New Oriental Education & Technology Group Inc. has a 1 year low of $44.46 and a 1 year high of $91.04.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. China Renaissance downgraded New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. JPMorgan Chase & Co. downgraded shares of New Oriental Education & Technology Group from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $85.00 to $50.00 in a research report on Wednesday, January 22nd. StockNews.com downgraded shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th. Morgan Stanley cut shares of New Oriental Education & Technology Group from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $83.00 to $52.00 in a research report on Wednesday, January 22nd. Finally, Macquarie downgraded shares of New Oriental Education & Technology Group from an "outperform" rating to an "underperform" rating and decreased their price objective for the company from $79.00 to $44.00 in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $61.20.

New Oriental Education & Technology Group 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.