Lester Murray Antman dba SimplyRich bought a new stake in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,023 shares of the company's stock, valued at approximately $322,000.
Several other institutional investors and hedge funds have also made changes to their positions in EDU. Fiera Capital Corp boosted its stake in New Oriental Education & Technology Group by 19.8% during the 3rd quarter. Fiera Capital Corp now owns 51,371 shares of the company's stock valued at $3,896,000 after acquiring an additional 8,499 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in New Oriental Education & Technology Group by 192.2% during the 3rd 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 during the last quarter. Monolith Management Ltd bought a new position in New Oriental Education & Technology Group during the 3rd quarter valued at $15,168,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in New Oriental Education & Technology Group by 3.4% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 592,564 shares of the company's stock valued at $44,940,000 after acquiring an additional 19,401 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in New Oriental Education & Technology Group by 12.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 99,858 shares of the company's stock valued at $7,573,000 after acquiring an additional 11,423 shares during the last quarter.
New Oriental Education & Technology Group Price Performance
Shares of EDU stock traded up $1.80 during trading hours on Friday, reaching $55.27. The stock had a trading volume of 2,418,086 shares, compared to its average volume of 2,422,338. New Oriental Education & Technology Group Inc. has a twelve month low of $44.46 and a twelve month high of $98.20. The firm has a 50-day simple moving average of $57.18 and a 200-day simple moving average of $62.12. The firm has a market capitalization of $9.38 billion, a PE ratio of 23.52 and a beta of 0.42.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on EDU. 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 report on Friday, January 24th. JPMorgan Chase & Co. cut shares of New Oriental Education & Technology Group from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $85.00 to $50.00 in a report on Wednesday, January 22nd. Morgan Stanley cut shares of 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 cut shares of New Oriental Education & Technology Group from an "outperform" rating to an "underperform" rating and dropped their target price for the stock from $79.00 to $44.00 in a report on Wednesday, January 22nd. Finally, StockNews.com raised shares of New Oriental Education & Technology Group from a "sell" rating to a "hold" rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $61.20.
Read Our Latest Analysis on EDU
New Oriental Education & Technology Group Company 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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