New Oriental Education & Technology Group Inc. (NYSE:EDU) Stock Holdings Decreased by Blue Creek Capital Management Ltd

Blue Creek Capital Management Ltd reduced its stake in New Oriental Education & Technology Group Inc. (NYSE:EDU) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 377,382 shares of the company’s stock after selling 9,864 shares during the quarter. New Oriental Education & Technology Group accounts for 19.9% of Blue Creek Capital Management Ltd’s investment portfolio, making the stock its 2nd biggest holding. Blue Creek Capital Management Ltd owned about 0.22% of New Oriental Education & Technology Group worth $27,655,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Profund Advisors LLC boosted its stake in shares of New Oriental Education & Technology Group by 2.6% in the third quarter. Profund Advisors LLC now owns 17,541 shares of the company’s stock valued at $1,027,000 after buying an additional 451 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of New Oriental Education & Technology Group by 2.8% in the third quarter. Deutsche Bank AG now owns 22,572 shares of the company’s stock valued at $1,322,000 after buying an additional 605 shares in the last quarter. Dfpg Investments LLC boosted its stake in shares of New Oriental Education & Technology Group by 7.3% in the fourth quarter. Dfpg Investments LLC now owns 11,674 shares of the company’s stock valued at $852,000 after buying an additional 793 shares in the last quarter. Ritholtz Wealth Management boosted its stake in shares of New Oriental Education & Technology Group by 12.8% in the fourth quarter. Ritholtz Wealth Management now owns 15,221 shares of the company’s stock valued at $1,115,000 after buying an additional 1,729 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of New Oriental Education & Technology Group by 2.5% in the third quarter. Lazard Asset Management LLC now owns 79,073 shares of the company’s stock valued at $4,629,000 after buying an additional 1,896 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. StockNews.com downgraded New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Citigroup lifted their price objective 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. Finally, Morgan Stanley lifted their price objective on New Oriental Education & Technology Group from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $97.67.

New Oriental Education & Technology Group Stock Performance

EDU stock traded up $3.72 during midday trading on Thursday, hitting $82.11. 1,309,933 shares of the stock were exchanged, compared to its average volume of 1,838,668. The stock’s 50-day moving average price is $88.50 and its 200-day moving average price is $79.43. The stock has a market cap of $13.93 billion, a price-to-earnings ratio of 42.15 and a beta of 0.52. New Oriental Education & Technology Group Inc. has a fifty-two week low of $35.70 and a fifty-two week high of $98.20.

New Oriental Education & Technology Group Company 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.