Keystone Investors PTE Ltd. cut its stake in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 90.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,949 shares of the company's stock after selling 97,773 shares during the quarter. Keystone Investors PTE Ltd.'s holdings in New Oriental Education & Technology Group were worth $639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in shares of New Oriental Education & Technology Group during the 4th quarter valued at $51,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in 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 acquiring an additional 206 shares during the last quarter. Empowered Funds LLC purchased a new stake in New Oriental Education & Technology Group during the fourth quarter valued at about $138,000. Blue Trust Inc. lifted its stake in New Oriental Education & Technology Group by 37.8% during the fourth quarter. Blue Trust Inc. now owns 2,827 shares of the company's stock worth $181,000 after purchasing an additional 775 shares during the last quarter. Finally, Sei Investments Co. purchased a new position in shares of New Oriental Education & Technology Group in the 4th quarter worth about $224,000.
New Oriental Education & Technology Group Price Performance
EDU traded down $0.60 during trading on Friday, hitting $46.99. 860,128 shares of the stock traded hands, compared to its average volume of 1,876,046. The firm has a 50-day moving average of $49.57 and a 200 day moving average of $58.72. New Oriental Education & Technology Group Inc. has a 12-month low of $44.46 and a 12-month high of $91.04. The firm has a market capitalization of $7.97 billion, a P/E ratio of 20.00 and a beta of 0.47.
Analysts Set New Price Targets
A number of brokerages recently weighed in on EDU. StockNews.com cut New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a report 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. Macquarie lowered shares of New Oriental Education & Technology Group from an "outperform" rating to an "underperform" rating and lowered their price objective for the stock from $79.00 to $44.00 in a report on Wednesday, January 22nd. Morgan Stanley lowered shares of New Oriental Education & Technology Group from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $83.00 to $52.00 in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. downgraded shares of New Oriental Education & Technology Group from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $85.00 to $50.00 in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, New Oriental Education & Technology Group has an average rating of "Hold" and a consensus price target of $61.20.
View Our Latest Stock Report on New Oriental Education & Technology Group
New Oriental Education & Technology Group Company Profile
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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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