Russell Investments Group Ltd. Purchases 212,786 Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU)

Russell Investments Group Ltd. grew its holdings in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) by 5,196.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 216,881 shares of the company’s stock after buying an additional 212,786 shares during the quarter. Russell Investments Group Ltd. owned 0.13% of New Oriental Education & Technology Group worth $15,893,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Aubrey Capital Management Ltd grew its position in New Oriental Education & Technology Group by 1.4% in the 4th quarter. Aubrey Capital Management Ltd now owns 304,056 shares of the company’s stock valued at $22,281,000 after acquiring an additional 4,200 shares during the last quarter. Headlands Technologies LLC increased its stake in New Oriental Education & Technology Group by 151.4% in the 4th quarter. Headlands Technologies LLC now owns 18,696 shares of the company’s stock worth $1,370,000 after buying an additional 11,258 shares during the period. Panview Asian Equity Master Fund lifted its holdings in New Oriental Education & Technology Group by 6.8% during the 4th quarter. Panview Asian Equity Master Fund now owns 392,972 shares of the company’s stock valued at $28,797,000 after buying an additional 25,000 shares in the last quarter. New York State Common Retirement Fund purchased a new stake in New Oriental Education & Technology Group in the 4th quarter valued at about $825,000. Finally, Calamos Wealth Management LLC bought a new position in New Oriental Education & Technology Group in the 4th quarter worth about $525,000.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EDU. Morgan Stanley lifted their price target on shares of New Oriental Education & Technology Group from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Citigroup upped their target price on New Oriental Education & Technology Group from $66.00 to $127.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $97.67.

New Oriental Education & Technology Group Stock Up 4.8 %

Shares of EDU stock opened at $84.74 on Friday. The firm has a market cap of $14.38 billion, a price-to-earnings ratio of 45.56 and a beta of 0.52. New Oriental Education & Technology Group Inc. has a 52-week low of $35.70 and a 52-week high of $98.20. The company’s 50 day moving average is $88.18 and its 200 day moving average is $79.59.

New Oriental Education & Technology Group Profile

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.