Artisan Partners Limited Partnership Increases Holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Artisan Partners Limited Partnership lifted its position in New Oriental Education & Technology Group Inc. (NYSE:EDU) by 34.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,113 shares of the company’s stock after buying an additional 17,897 shares during the period. Artisan Partners Limited Partnership’s holdings in New Oriental Education & Technology Group were worth $4,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of EDU. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of New Oriental Education & Technology Group by 14.2% during the 3rd 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of New Oriental Education & Technology Group by 20,215.2% in the third 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 last quarter. Flow Traders U.S. LLC bought a new stake in New Oriental Education & Technology Group during the third quarter valued at approximately $320,000. Caisse DE Depot ET Placement DU Quebec increased its holdings 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 valued at $13,663,000 after buying an additional 59,429 shares during the last quarter. Finally, Aspex Management HK Ltd raised its position in New Oriental Education & Technology Group by 46.7% in the third quarter. Aspex Management HK Ltd now owns 4,753,340 shares of the company’s stock worth $360,493,000 after acquiring an additional 1,513,640 shares during the period.

New Oriental Education & Technology Group Price Performance

EDU stock opened at $46.99 on Friday. New Oriental Education & Technology Group Inc. has a 1-year low of $44.46 and a 1-year high of $91.04. The business has a 50 day simple moving average of $49.57 and a two-hundred day simple moving average of $58.72. The company has a market capitalization of $7.97 billion, a price-to-earnings ratio of 20.00 and a beta of 0.47.

Analyst Upgrades and Downgrades

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

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.