Hel Ved Capital Management Ltd lowered its position in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 33.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 208,200 shares of the company's stock after selling 103,449 shares during the quarter. New Oriental Education & Technology Group accounts for about 3.9% of Hel Ved Capital Management Ltd's investment portfolio, making the stock its 5th largest position. Hel Ved Capital Management Ltd owned approximately 0.12% of New Oriental Education & Technology Group worth $13,362,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. Alpine Investment Management Ltd bought a new position in shares of New Oriental Education & Technology Group during the 4th quarter valued at about $642,000. Pinpoint Asset Management Ltd grew its position in New Oriental Education & Technology Group by 53.1% in the 4th quarter. Pinpoint Asset Management Ltd now owns 559,969 shares of the company's stock valued at $35,939,000 after acquiring an additional 194,108 shares during the last quarter. Westpac Banking Corp bought a new position in shares of New Oriental Education & Technology Group in the fourth quarter worth about $45,000. AIA Group Ltd raised its stake in shares of New Oriental Education & Technology Group by 11.0% during the fourth quarter. AIA Group Ltd now owns 83,033 shares of the company's stock valued at $5,329,000 after acquiring an additional 8,230 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of New Oriental Education & Technology Group by 57.9% in the 4th quarter. Wellington Management Group LLP now owns 627,686 shares of the company's stock worth $40,285,000 after buying an additional 230,140 shares during the period.
New Oriental Education & Technology Group Stock Performance
EDU stock traded down $0.46 during trading on Thursday, reaching $42.48. 519,509 shares of the company were exchanged, compared to its average volume of 1,868,221. The stock's 50 day moving average price is $48.75 and its 200 day moving average price is $57.64. The company has a market cap of $7.21 billion, a P/E ratio of 18.08 and a beta of 0.37. New Oriental Education & Technology Group Inc. has a 52-week low of $40.66 and a 52-week high of $91.04.
Analyst Ratings Changes
A number of analysts have weighed in on EDU shares. StockNews.com lowered New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a report on Thursday, March 13th. Morgan Stanley lowered New Oriental Education & Technology Group from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $83.00 to $52.00 in a report on Wednesday, January 22nd. Macquarie downgraded New Oriental Education & Technology Group from an "outperform" rating to an "underperform" rating and reduced their target price for the stock from $79.00 to $44.00 in a research note on Wednesday, January 22nd. China Renaissance cut New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Finally, JPMorgan Chase & Co. lowered New Oriental Education & Technology Group from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $85.00 to $50.00 in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, New Oriental Education & Technology Group currently has a consensus rating of "Hold" and a consensus target price of $61.20.
Read Our Latest Stock Report on New Oriental Education & Technology Group
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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