Erste Asset Management GmbH acquired a new position in New Oriental Education & Technology Group Inc. (NYSE:EDU – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 20,000 shares of the company’s stock, valued at approximately $1,264,000.
Several other hedge funds also recently made changes to their positions in EDU. Aspex Management HK Ltd raised its stake 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of 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 valued at $75,418,000 after buying an additional 989,536 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of New Oriental Education & Technology Group by 192.2% during 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 in the last quarter. Panview Capital Ltd acquired a new position in New Oriental Education & Technology Group during the fourth quarter valued at $27,358,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in New Oriental Education & Technology Group in the 3rd quarter worth about $27,425,000.
New Oriental Education & Technology Group Stock Up 5.6 %
Shares of EDU stock opened at $50.74 on Friday. The stock has a 50 day moving average of $52.18 and a 200-day moving average of $59.69. The firm has a market cap of $8.61 billion, a PE ratio of 21.59 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 $95.88.
Wall Street Analysts Forecast Growth
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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.
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