New Oriental Education & Technology Group Inc. (NYSE:EDU) Shares Acquired by Schroder Investment Management Group

Schroder Investment Management Group increased its stake in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) by 17.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,019,859 shares of the company’s stock after acquiring an additional 442,656 shares during the period. Schroder Investment Management Group owned about 1.78% of New Oriental Education & Technology Group worth $193,815,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of EDU. SBI Securities Co. Ltd. acquired a new stake in shares of New Oriental Education & Technology Group during the 4th quarter worth approximately $51,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in New Oriental Education & Technology Group by 14.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,658 shares of the company’s stock worth $126,000 after buying an additional 206 shares in the last quarter. Empowered Funds LLC acquired a new stake in New Oriental Education & Technology Group during the fourth quarter valued at $138,000. Blue Trust Inc. increased its holdings in New Oriental Education & Technology Group by 37.8% in the fourth quarter. Blue Trust Inc. now owns 2,827 shares of the company’s stock valued at $181,000 after buying an additional 775 shares in the last quarter. Finally, Sei Investments Co. acquired a new position in shares of New Oriental Education & Technology Group in the fourth quarter worth about $224,000.

Analyst Ratings Changes

Several research firms recently weighed in on EDU. Macquarie downgraded shares of New Oriental Education & Technology Group from an “outperform” rating to an “underperform” rating and reduced their price target for the stock from $79.00 to $44.00 in a research report on Wednesday, January 22nd. StockNews.com cut New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a report on Thursday, March 13th. JPMorgan Chase & Co. lowered New Oriental Education & Technology Group from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $85.00 to $50.00 in a research note on Wednesday, January 22nd. Morgan Stanley cut New Oriental Education & Technology Group from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $83.00 to $52.00 in a research report on Wednesday, January 22nd. Finally, Citigroup lowered New Oriental Education & Technology Group from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $83.00 to $50.00 in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $61.20.

New Oriental Education & Technology Group Stock Down 1.3 %

NYSE:EDU opened at $46.99 on Friday. New Oriental Education & Technology Group Inc. has a 52 week low of $44.46 and a 52 week high of $91.04. The stock’s fifty day moving average is $49.57 and its two-hundred day moving average is $58.72. The company has a market capitalization of $7.97 billion, a P/E ratio of 20.00 and a beta of 0.47.

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.