Robeco Institutional Asset Management B.V. Cuts Position in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Robeco Institutional Asset Management B.V. lowered its holdings in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 45.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,158 shares of the company's stock after selling 24,808 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in New Oriental Education & Technology Group were worth $1,936,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of New Oriental Education & Technology Group by 14.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,658 shares of the company's stock worth $126,000 after purchasing an additional 206 shares during the last quarter. Blue Trust Inc. increased its position in New Oriental Education & Technology Group by 155.5% during the third quarter. Blue Trust Inc. now owns 2,052 shares of the company's stock worth $160,000 after buying an additional 1,249 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of New Oriental Education & Technology Group in the third quarter worth $297,000. Hancock Whitney Corp lifted its position in shares of New Oriental Education & Technology Group by 49.4% in the third quarter. Hancock Whitney Corp now owns 4,075 shares of the company's stock valued at $309,000 after acquiring an additional 1,348 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of New Oriental Education & Technology Group during the third quarter valued at $316,000.

New Oriental Education & Technology Group Price Performance

EDU stock traded up $0.14 on Friday, hitting $48.44. 1,712,424 shares of the company were exchanged, compared to its average volume of 2,195,433. The stock has a market capitalization of $8.22 billion, a price-to-earnings ratio of 20.61 and a beta of 0.42. New Oriental Education & Technology Group Inc. has a twelve month low of $44.46 and a twelve month high of $98.20. The business's fifty day moving average is $58.13 and its two-hundred day moving average is $62.81.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Morgan Stanley downgraded shares of New Oriental Education & Technology Group from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $83.00 to $52.00 in a research note on Wednesday, January 22nd. Macquarie lowered shares of New Oriental Education & Technology Group from an "outperform" rating to an "underperform" rating and cut their price objective for the company from $79.00 to $44.00 in a research report on Wednesday, January 22nd. StockNews.com upgraded shares of New Oriental Education & Technology Group from a "sell" rating to a "hold" rating in a research report on Thursday, October 24th. Citigroup cut shares of New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $83.00 to $50.00 in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. lowered New Oriental Education & Technology Group from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $85.00 to $50.00 in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, New Oriental Education & Technology Group has an average rating of "Hold" and a consensus price target 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.