New Oriental Education & Technology Group Inc. (NYSE:EDU) is Brilliance Asset Management Ltd.'s 6th Largest Position

Brilliance Asset Management Ltd. trimmed its holdings in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 7.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 351,068 shares of the company's stock after selling 27,062 shares during the period. New Oriental Education & Technology Group makes up 5.1% of Brilliance Asset Management Ltd.'s investment portfolio, making the stock its 6th largest holding. Brilliance Asset Management Ltd. owned about 0.21% of New Oriental Education & Technology Group worth $22,532,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of EDU. Aspex Management HK Ltd raised its holdings in shares of 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 worth $360,493,000 after acquiring an additional 1,513,640 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of New Oriental Education & Technology Group by 20,215.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 994,431 shares of the company's stock worth $75,418,000 after buying an additional 989,536 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of New Oriental Education & Technology Group by 192.2% in the third quarter. JPMorgan Chase & Co. now owns 826,783 shares of the company's stock valued at $62,703,000 after acquiring an additional 543,810 shares in the last quarter. Panview Capital Ltd purchased a new stake in shares of New Oriental Education & Technology Group during the 4th quarter valued at $27,358,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of New Oriental Education & Technology Group during the 3rd quarter worth $27,425,000.

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New Oriental Education & Technology Group Stock Up 2.1 %

EDU traded up $1.00 during trading on Monday, hitting $47.96. The company's stock had a trading volume of 435,298 shares, compared to its average volume of 1,888,745. The business's 50 day simple moving average is $49.57 and its 200-day simple moving average is $58.71. The firm has a market cap of $8.14 billion, a PE ratio of 20.41 and a beta of 0.47. New Oriental Education & Technology Group Inc. has a one year low of $44.46 and a one year high of $91.04.

Analysts Set New Price Targets

A number of research firms have weighed in on EDU. StockNews.com cut shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 13th. China Renaissance downgraded shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Morgan Stanley cut shares of New Oriental Education & Technology Group from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $83.00 to $52.00 in a research report on Wednesday, January 22nd. Citigroup cut shares of New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $83.00 to $50.00 in a research report on Friday, January 24th. Finally, Macquarie downgraded shares of New Oriental Education & Technology Group from an "outperform" rating to an "underperform" rating and decreased their price target for the stock 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 given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, New Oriental Education & Technology Group presently has a consensus rating of "Hold" and an average target price of $61.20.

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.