Hel Ved Capital Management Ltd Has $13.36 Million Stock Position in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Hel Ved Capital Management Ltd decreased its position in New Oriental Education & Technology Group Inc. (NYSE:EDU) by 33.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 208,200 shares of the company’s stock after selling 103,449 shares during the period. New Oriental Education & Technology Group makes up 3.9% of Hel Ved Capital Management Ltd’s holdings, making the stock its 5th biggest holding. Hel Ved Capital Management Ltd owned about 0.12% of New Oriental Education & Technology Group worth $13,362,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of New Oriental Education & Technology Group by 175.4% in the 4th 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 period. Norges Bank bought a new stake in New Oriental Education & Technology Group in the fourth quarter worth approximately $92,345,000. Schroder Investment Management Group lifted its stake in New Oriental Education & Technology Group by 17.2% in the fourth quarter. Schroder Investment Management Group now owns 3,019,859 shares of the company’s stock valued at $193,815,000 after buying an additional 442,656 shares during the period. Panview Capital Ltd bought a new position in shares of New Oriental Education & Technology Group during the 4th quarter worth approximately $27,358,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of New Oriental Education & Technology Group during the 3rd quarter worth approximately $27,425,000.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EDU. Morgan Stanley downgraded shares of New Oriental Education & Technology Group from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $83.00 to $52.00 in a research report on Wednesday, January 22nd. China Renaissance cut shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. StockNews.com lowered New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 13th. JPMorgan Chase & Co. lowered New Oriental Education & Technology Group from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $85.00 to $50.00 in a report on Wednesday, January 22nd. Finally, Citigroup downgraded 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 given a buy rating to the company’s stock. Based on 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 Performance

EDU stock opened at $44.66 on Friday. The company has a market capitalization 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 $43.34 and a 52-week high of $91.04. The business has a 50-day simple moving average of $49.36 and a two-hundred day simple moving average of $58.30.

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, Private Label Products and Livestreaming E-Commerce, Overseas Study Consulting Services, and Educational Materials and Distribution.