New Oriental Education & Technology Group Inc. (NYSE:EDU) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC reduced its position in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) by 22.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,778 shares of the company’s stock after selling 5,136 shares during the period. O Shaughnessy Asset Management LLC’s holdings in New Oriental Education & Technology Group were worth $1,141,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Schroder Investment Management Group boosted its position in shares of New Oriental Education & Technology Group by 17.2% during the 4th quarter. Schroder Investment Management Group now owns 3,019,859 shares of the company’s stock worth $193,815,000 after acquiring an additional 442,656 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in New Oriental Education & Technology Group by 4.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 155,284 shares of the company’s stock worth $9,966,000 after purchasing an additional 6,342 shares during the last quarter. Norges Bank acquired a new position in New Oriental Education & Technology Group in the fourth quarter valued at approximately $92,345,000. JPMorgan Chase & Co. increased its stake in New Oriental Education & Technology Group by 175.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,276,762 shares of the company’s stock valued at $146,123,000 after purchasing an additional 1,449,979 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its holdings in New Oriental Education & Technology Group by 34.9% during the fourth quarter. Artisan Partners Limited Partnership now owns 69,113 shares of the company’s stock worth $4,436,000 after purchasing an additional 17,897 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut shares of 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 report on Wednesday, January 22nd. Morgan Stanley downgraded shares of New Oriental Education & Technology Group from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $83.00 to $52.00 in a research note on Wednesday, January 22nd. Macquarie cut 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 report on Wednesday, January 22nd. StockNews.com downgraded New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a report on Thursday, March 13th. Finally, China Renaissance downgraded New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, New Oriental Education & Technology Group presently has an average rating of “Hold” and a consensus price target of $61.20.

New Oriental Education & Technology Group Stock Down 6.5 %

NYSE EDU opened at $44.66 on Monday. The firm has a market cap of $7.58 billion, a P/E ratio of 19.00 and a beta of 0.37. New Oriental Education & Technology Group Inc. has a 52-week low of $42.43 and a 52-week high of $91.04. The business’s 50-day moving average price is $49.36 and its 200 day moving average price is $58.27.

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.