Dymon Asia Capital Singapore PTE. LTD. lessened its stake in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 42.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,000 shares of the company's stock after selling 15,000 shares during the period. New Oriental Education & Technology Group comprises about 0.3% of Dymon Asia Capital Singapore PTE. LTD.'s holdings, making the stock its 17th biggest position. Dymon Asia Capital Singapore PTE. LTD.'s holdings in New Oriental Education & Technology Group were worth $1,284,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of EDU. Janus Henderson Group PLC boosted its position in shares of New Oriental Education & Technology Group by 11.9% in the third quarter. Janus Henderson Group PLC now owns 30,895 shares of the company's stock valued at $2,342,000 after acquiring an additional 3,287 shares during the period. JPMorgan Chase & Co. increased its stake 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 worth $62,703,000 after buying an additional 543,810 shares during the period. Ariose Capital Management Ltd purchased a new stake in shares of New Oriental Education & Technology Group during the fourth quarter worth about $5,955,000. SG Americas Securities LLC purchased a new stake in New Oriental Education & Technology Group in the 4th quarter worth approximately $272,000. Finally, Blue Trust Inc. lifted its stake in New Oriental Education & Technology Group by 37.8% in the fourth quarter. Blue Trust Inc. now owns 2,827 shares of the company's stock worth $181,000 after acquiring an additional 775 shares during the period.
Wall Street Analyst Weigh In
EDU has been the topic of a number of research analyst reports. Morgan Stanley downgraded New Oriental Education & Technology Group from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $83.00 to $52.00 in a report on Wednesday, January 22nd. Citigroup downgraded New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and cut their target price for the company from $83.00 to $50.00 in a research note on Friday, January 24th. StockNews.com lowered shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 13th. Macquarie downgraded New Oriental Education & Technology Group from an "outperform" rating to an "underperform" rating and lowered their target price for the company from $79.00 to $44.00 in a report 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 assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, New Oriental Education & Technology Group has a consensus rating of "Hold" and a consensus price target of $61.20.
Read Our Latest Analysis on EDU
New Oriental Education & Technology Group Trading Up 2.4 %
Shares of EDU traded up $1.04 during trading hours on Monday, reaching $44.07. 1,513,487 shares of the company traded hands, compared to its average volume of 1,896,044. New Oriental Education & Technology Group Inc. has a 12-month low of $40.66 and a 12-month high of $91.04. The stock's fifty day moving average price is $48.45 and its 200 day moving average price is $57.05. The firm has a market cap of $7.48 billion, a price-to-earnings ratio of 18.75 and a beta of 0.37.
New Oriental Education & Technology Group 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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