Sylebra Capital LLC decreased its position in New Oriental Education & Technology Group, Inc. (NYSE:EDU – Free Report) by 4.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 192,024 shares of the company’s stock after selling 9,849 shares during the period. New Oriental Education & Technology Group comprises about 0.5% of Sylebra Capital LLC’s investment portfolio, making the stock its 22nd biggest holding. Sylebra Capital LLC owned 0.11% of New Oriental Education & Technology Group worth $9,181,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EDU. Raymond James Financial Inc. acquired a new position in New Oriental Education & Technology Group in the 4th quarter worth approximately $266,000. Northern Trust Corp boosted its stake in New Oriental Education & Technology Group by 265.2% in the 4th quarter. Northern Trust Corp now owns 124,469 shares of the company’s stock worth $7,988,000 after purchasing an additional 90,384 shares during the period. BNP Paribas Financial Markets acquired a new position in New Oriental Education & Technology Group in the 4th quarter worth approximately $5,602,000. Janus Henderson Group PLC boosted its stake in New Oriental Education & Technology Group by 107.1% in the 4th quarter. Janus Henderson Group PLC now owns 63,979 shares of the company’s stock worth $4,100,000 after purchasing an additional 33,084 shares during the period. Finally, LMR Partners LLP acquired a new position in New Oriental Education & Technology Group in the 4th quarter worth approximately $211,000.
New Oriental Education & Technology Group Trading Down 0.1%
EDU stock opened at $48.71 on Friday. New Oriental Education & Technology Group, Inc. has a 1 year low of $40.66 and a 1 year high of $87.26. The company has a fifty day simple moving average of $48.37 and a 200 day simple moving average of $47.91. The firm has a market cap of $8.27 billion, a PE ratio of 21.65 and a beta of 0.24.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group lowered shares of New Oriental Education & Technology Group from a “buy” rating to a “neutral” rating and decreased their target price for the company from $58.00 to $50.00 in a research note on Wednesday, August 6th. Hsbc Global Res raised shares of New Oriental Education & Technology Group to a “hold” rating in a research note on Wednesday, July 30th. HSBC lowered shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. raised shares of New Oriental Education & Technology Group from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $48.00 to $62.00 in a research note on Tuesday, June 24th. Finally, Citigroup raised shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and decreased their target price for the company from $77.00 to $50.00 in a research note on Friday, June 27th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $51.60.
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.
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