Barclays PLC boosted its position in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 8,438.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,716 shares of the company's stock after acquiring an additional 94,595 shares during the period. Barclays PLC owned 0.06% of New Oriental Education & Technology Group worth $6,142,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Westpac Banking Corp purchased a new position in shares of New Oriental Education & Technology Group during the 4th quarter valued at $45,000. SBI Securities Co. Ltd. purchased a new position in New Oriental Education & Technology Group during the fourth quarter worth about $51,000. Empowered Funds LLC purchased a new stake in shares of New Oriental Education & Technology Group in the 4th quarter valued at about $138,000. Blue Trust Inc. boosted its position in shares of New Oriental Education & Technology Group by 37.8% during the 4th quarter. Blue Trust Inc. now owns 2,827 shares of the company's stock valued at $181,000 after acquiring an additional 775 shares during the last quarter. Finally, Sei Investments Co. purchased a new position in shares of New Oriental Education & Technology Group during the fourth quarter worth about $224,000.
New Oriental Education & Technology Group Trading Up 1.8 %
EDU opened at $46.95 on Friday. The company has a market cap of $7.97 billion, a P/E ratio of 19.98 and a beta of 0.37. New Oriental Education & Technology Group Inc. has a 12 month low of $40.66 and a 12 month high of $89.33. The business's 50-day moving average price is $47.13 and its 200-day moving average price is $55.29.
Analysts Set New Price Targets
EDU has been the subject of several research analyst reports. Citigroup lowered shares of New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and dropped their target price for the company from $83.00 to $50.00 in a research report on Friday, January 24th. Macquarie cut New Oriental Education & Technology Group from an "outperform" rating to an "underperform" rating and reduced their target price for the company from $79.00 to $44.00 in a research note on Wednesday, January 22nd. China Renaissance lowered New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Morgan Stanley lowered 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 research report on Wednesday, January 22nd. Finally, StockNews.com downgraded New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $60.80.
Get Our Latest Analysis on EDU
About New Oriental Education & Technology Group
(
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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