Blue Trust Inc. Purchases 775 Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU)

Blue Trust Inc. boosted 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 13F filing with the SEC. The firm owned 2,827 shares of the company’s stock after buying 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.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in New Oriental Education & Technology Group during the fourth quarter worth $272,000. Ariose Capital Management Ltd acquired a new stake in shares of New Oriental Education & Technology Group in the fourth quarter valued at approximately $5,955,000. JPMorgan Chase & Co. lifted its position in shares of New Oriental Education & Technology Group by 192.2% in the third 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 last quarter. ABS Direct Equity Fund LLC boosted its stake in shares of New Oriental Education & Technology Group by 17.5% during the 3rd quarter. ABS Direct Equity Fund LLC now owns 7,400 shares of the company’s stock worth $561,000 after acquiring an additional 1,100 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of New Oriental Education & Technology Group during the 3rd quarter worth approximately $27,425,000.

Wall Street Analyst Weigh In

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

New Oriental Education & Technology Group Stock Down 0.6 %

NYSE EDU opened at $48.56 on Wednesday. The firm has a 50-day moving average price of $58.80 and a two-hundred day moving average price of $63.22. New Oriental Education & Technology Group Inc. has a 12-month low of $44.46 and a 12-month high of $98.20. The company has a market capitalization of $8.24 billion, a P/E 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.