Amundi decreased its holdings in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 502,702 shares of the company's stock after selling 29,669 shares during the period. Amundi owned approximately 0.30% of New Oriental Education & Technology Group worth $32,057,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the business. Prescott Group Capital Management L.L.C. boosted its stake in shares of New Oriental Education & Technology Group by 153.0% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 25,303 shares of the company's stock worth $1,624,000 after buying an additional 15,303 shares during the period. Raymond James Financial Inc. acquired a new stake in New Oriental Education & Technology Group in the fourth quarter valued at about $266,000. Green Court Capital Management Ltd acquired a new stake in New Oriental Education & Technology Group in the fourth quarter valued at about $21,152,000. SBI Securities Co. Ltd. acquired a new stake in New Oriental Education & Technology Group in the fourth quarter valued at about $51,000. Finally, RWC Asset Management LLP acquired a new stake in New Oriental Education & Technology Group in the fourth quarter valued at about $258,000.
New Oriental Education & Technology Group Trading Down 3.7 %
Shares of New Oriental Education & Technology Group stock opened at $47.22 on Thursday. New Oriental Education & Technology Group Inc. has a 12-month low of $44.46 and a 12-month high of $95.88. The stock has a market cap of $8.01 billion, a PE ratio of 20.09 and a beta of 0.47. The company has a 50-day moving average of $52.79 and a two-hundred day moving average of $59.86.
Analysts Set New Price Targets
EDU has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research report on Thursday. Morgan Stanley downgraded shares of New Oriental Education & Technology Group from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $83.00 to $52.00 in a research report on Wednesday, January 22nd. Citigroup downgraded shares of New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $83.00 to $50.00 in a research report on Friday, January 24th. Macquarie downgraded shares of New Oriental Education & Technology Group from an "outperform" rating to an "underperform" rating and reduced their price objective for the company from $79.00 to $44.00 in a research report on Wednesday, January 22nd. Finally, 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 company from $85.00 to $50.00 in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, four have assigned 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 target price of $61.20.
Get Our Latest Stock Analysis on New Oriental Education & Technology Group
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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