Edmond DE Rothschild Holding S.A. Has $5.25 Million Stock Holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Edmond DE Rothschild Holding S.A. reduced its holdings in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) by 26.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 81,798 shares of the company’s stock after selling 29,625 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in New Oriental Education & Technology Group were worth $5,250,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. 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 valued at $126,000 after purchasing an additional 206 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of New Oriental Education & Technology Group by 20,215.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 994,431 shares of the company’s stock worth $75,418,000 after buying an additional 989,536 shares during the period. Flow Traders U.S. LLC bought a new stake in New Oriental Education & Technology Group in the third quarter valued at $320,000. Caisse DE Depot ET Placement DU Quebec raised its stake in New Oriental Education & Technology Group by 49.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 180,151 shares of the company’s stock worth $13,663,000 after acquiring an additional 59,429 shares in the last quarter. Finally, Aspex Management HK Ltd lifted its holdings in shares of New Oriental Education & Technology Group by 46.7% during the third quarter. Aspex Management HK Ltd now owns 4,753,340 shares of the company’s stock valued at $360,493,000 after acquiring an additional 1,513,640 shares during the period.

Wall Street Analysts Forecast Growth

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

New Oriental Education & Technology Group Price Performance

EDU stock opened at $47.88 on Tuesday. The company has a 50 day moving average price of $49.31 and a 200 day moving average price of $58.63. New Oriental Education & Technology Group Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $91.04. The stock has a market capitalization of $8.12 billion, a PE ratio of 20.37 and a beta of 0.47.

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.