Corient Private Wealth LLC Grows Position in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Corient Private Wealth LLC lifted its position in New Oriental Education & Technology Group Inc. (NYSE:EDU) by 27.4% during the 4th quarter, Holdings Channel reports. The firm owned 3,685 shares of the company’s stock after acquiring an additional 792 shares during the period. Corient Private Wealth LLC’s holdings in New Oriental Education & Technology Group were worth $237,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of New Oriental Education & Technology Group by 20,215.2% in 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 purchasing an additional 989,536 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in New Oriental Education & Technology Group during the 3rd quarter valued at about $320,000. Caisse DE Depot ET Placement DU Quebec raised its position in New Oriental Education & Technology Group by 49.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 180,151 shares of the company’s stock valued at $13,663,000 after purchasing an additional 59,429 shares during the last quarter. Finally, Aspex Management HK Ltd raised its position in 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 valued at $360,493,000 after purchasing an additional 1,513,640 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have recently issued reports on EDU shares. Morgan Stanley cut 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 research note on Wednesday, January 22nd. StockNews.com downgraded shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 13th. 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 research report on Wednesday, January 22nd. Citigroup cut shares of New Oriental Education & Technology Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $83.00 to $50.00 in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. lowered shares of New Oriental Education & Technology Group from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $85.00 to $50.00 in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $61.20.

New Oriental Education & Technology Group Trading Up 1.9 %

Shares of EDU stock opened at $47.88 on Tuesday. The company’s fifty day moving average price is $49.31 and its 200-day moving average price is $58.63. The stock has a market cap of $8.12 billion, a PE ratio of 20.37 and a beta of 0.47. New Oriental Education & Technology Group Inc. has a 12 month low of $44.46 and a 12 month high of $91.04.

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.