SBI Securities Co. Ltd. Invests $51,000 in New Oriental Education & Technology Group Inc. (NYSE:EDU)

SBI Securities Co. Ltd. bought a new stake in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 795 shares of the company’s stock, valued at approximately $51,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EDU. Aspex Management HK Ltd lifted its holdings in shares of New Oriental Education & Technology Group by 46.7% during the third quarter. Aspex Management HK Ltd now owns 4,753,340 shares of the company’s stock worth $360,493,000 after buying an additional 1,513,640 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in New Oriental Education & Technology Group by 20,215.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 994,431 shares of the company’s stock valued at $75,418,000 after purchasing an additional 989,536 shares during the last quarter. JPMorgan Chase & Co. raised 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 purchasing an additional 543,810 shares during the last quarter. Panview Capital Ltd bought a new stake in New Oriental Education & Technology Group in the 4th quarter valued at $27,358,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in New Oriental Education & Technology Group in the 3rd quarter worth $27,425,000.

Analysts Set New Price Targets

A number of research analysts have recently commented on EDU shares. JPMorgan Chase & Co. lowered shares of New Oriental Education & Technology Group from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $85.00 to $50.00 in a research report on Wednesday, January 22nd. Citigroup lowered shares of New Oriental Education & Technology Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $83.00 to $50.00 in a report on Friday, January 24th. StockNews.com raised New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. Morgan Stanley lowered New Oriental Education & Technology Group from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $83.00 to $52.00 in a research note on Wednesday, January 22nd. Finally, Macquarie cut New Oriental Education & Technology Group from an “outperform” rating to an “underperform” rating and dropped their price objective for the stock from $79.00 to $44.00 in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to 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 Stock Performance

Shares of EDU stock opened at $48.27 on Tuesday. The company has a market capitalization of $8.19 billion, a price-to-earnings ratio of 20.54 and a beta of 0.47. New Oriental Education & Technology Group Inc. has a 52 week low of $44.46 and a 52 week high of $95.88. The company has a 50-day simple moving average of $53.39 and a 200 day simple moving average of $60.13.

New Oriental Education & Technology Group 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.