Bank of America Corp DE lifted its holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU – Get Rating) by 360.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,671,195 shares of the company’s stock after purchasing an additional 2,090,812 shares during the period. Bank of America Corp DE owned about 1.57% of New Oriental Education & Technology Group worth $93,011,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Eaton Vance Management increased its stake in New Oriental Education & Technology Group by 306.7% during the 1st quarter. Eaton Vance Management now owns 22,543 shares of the company’s stock worth $26,000 after buying an additional 17,000 shares in the last quarter. Royal Bank of Canada lifted its stake in New Oriental Education & Technology Group by 13.6% during the first quarter. Royal Bank of Canada now owns 44,215 shares of the company’s stock worth $51,000 after purchasing an additional 5,299 shares in the last quarter. Ronald Blue Trust Inc. lifted its stake in New Oriental Education & Technology Group by 287.6% during the fourth quarter. Ronald Blue Trust Inc. now owns 2,752 shares of the company’s stock worth $66,000 after purchasing an additional 2,042 shares in the last quarter. Signaturefd LLC lifted its stake in New Oriental Education & Technology Group by 45.6% during the third quarter. Signaturefd LLC now owns 2,933 shares of the company’s stock worth $70,000 after purchasing an additional 918 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of New Oriental Education & Technology Group by 83.0% in the third quarter. Quadrant Capital Group LLC now owns 3,733 shares of the company’s stock valued at $89,000 after acquiring an additional 1,693 shares in the last quarter. Hedge funds and other institutional investors own 67.55% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a research note on Thursday, May 11th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $36.60.
New Oriental Education & Technology Group Price Performance
NYSE:EDU opened at $42.76 on Friday. The business’s fifty day moving average price is $39.79 and its 200 day moving average price is $38.22. The firm has a market capitalization of $7.26 billion, a PE ratio of 57.01 and a beta of 0.60. New Oriental Education & Technology Group Inc. has a 12 month low of $12.77 and a 12 month high of $46.74.
About New Oriental Education & Technology Group
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; Online Education and Other Services; Overseas Study Consulting Services; and Others.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider New Oriental Education & Technology Group, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and New Oriental Education & Technology Group wasn’t on the list.
While New Oriental Education & Technology Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Source: marketbeat.com
