New Oriental Education & Technology Group Inc. (NYSE:EDU) Stock Holdings Raised by Blue Trust Inc.

Blue Trust Inc. lifted its stake in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) by 37.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,827 shares of the company’s stock after purchasing an additional 775 shares during the period. Blue Trust Inc.’s holdings in New Oriental Education & Technology Group were worth $181,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in 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 period. SG Americas Securities LLC bought a new stake in shares of New Oriental Education & Technology Group during the 4th quarter worth $272,000. Oppenheimer Asset Management Inc. acquired a new stake in New Oriental Education & Technology Group during the 3rd quarter worth about $297,000. Hancock Whitney Corp boosted its stake in New Oriental Education & Technology Group by 49.4% in the 3rd quarter. Hancock Whitney Corp now owns 4,075 shares of the company’s stock worth $309,000 after purchasing an additional 1,348 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in New Oriental Education & Technology Group in the 3rd quarter worth about $316,000.

Wall Street Analysts Forecast Growth

EDU has been the topic of a number of recent research reports. JPMorgan Chase & Co. downgraded New Oriental Education & Technology Group from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $85.00 to $50.00 in a research note on Wednesday, January 22nd. Macquarie cut shares of New Oriental Education & Technology Group from an “outperform” rating to an “underperform” rating and cut their target price for the company from $79.00 to $44.00 in a research note on Wednesday, January 22nd. StockNews.com upgraded New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Citigroup lowered New Oriental Education & Technology Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $83.00 to $50.00 in a research note on Friday, January 24th. Finally, Morgan Stanley lowered shares of New Oriental Education & Technology Group from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $83.00 to $52.00 in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, New Oriental Education & Technology Group presently has an average rating of “Hold” and an average price target of $61.20.

New Oriental Education & Technology Group Trading Down 0.6 %

New Oriental Education & Technology Group stock opened at $48.56 on Wednesday. The company’s 50-day moving average is $58.80 and its two-hundred day moving average is $63.22. 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 $8.24 billion, a PE ratio of 20.67 and a beta of 0.42.

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.