Swedbank AB Has $1.91 Million Stake in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Swedbank AB decreased its stake in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 58.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,677 shares of the company's stock after selling 41,400 shares during the period. Swedbank AB's holdings in New Oriental Education & Technology Group were worth $1,905,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of EDU. Aspex Management HK Ltd grew its holdings in shares of New Oriental Education & Technology Group by 46.7% during the 3rd quarter. Aspex Management HK Ltd now owns 4,753,340 shares of the company's stock worth $360,493,000 after purchasing an additional 1,513,640 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in New Oriental Education & Technology Group by 20,215.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 994,431 shares of the company's stock worth $75,418,000 after buying an additional 989,536 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in New Oriental Education & Technology Group by 192.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 826,783 shares of the company's stock valued at $62,703,000 after buying an additional 543,810 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of New Oriental Education & Technology Group in the 3rd quarter valued at $27,425,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of New Oriental Education & Technology Group by 23.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,823,200 shares of the company's stock worth $138,271,000 after acquiring an additional 342,800 shares during the period.

New Oriental Education & Technology Group Stock Up 2.1 %

EDU stock traded up $1.00 during midday trading on Thursday, reaching $48.24. 1,562,141 shares of the company's stock traded hands, compared to its average volume of 2,215,539. New Oriental Education & Technology Group Inc. has a 1-year low of $44.46 and a 1-year high of $98.20. The company has a market cap of $8.19 billion, a price-to-earnings ratio of 20.53 and a beta of 0.42. The company has a 50-day simple moving average of $58.33 and a two-hundred day simple moving average of $63.00.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EDU. StockNews.com raised shares of New Oriental Education & Technology Group from a "sell" rating to a "hold" rating in a research note on Thursday, October 24th. Macquarie cut 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. Citigroup downgraded New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and cut their target price for the stock from $83.00 to $50.00 in a research report on Friday, January 24th. JPMorgan Chase & Co. cut New Oriental Education & Technology Group from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $85.00 to $50.00 in a research report on Wednesday, January 22nd. Finally, Morgan Stanley cut New Oriental Education & Technology Group from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $83.00 to $52.00 in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $61.20.

About New Oriental Education & Technology Group

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.