Russell Investments Group Ltd. Raises Stake in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Russell Investments Group Ltd. lifted its stake in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) by 5,196.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 216,881 shares of the company’s stock after acquiring an additional 212,786 shares during the period. Russell Investments Group Ltd.’s holdings in New Oriental Education & Technology Group were worth $15,893,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Personal CFO Solutions LLC purchased a new position in New Oriental Education & Technology Group during the third quarter worth about $200,000. Jaffetilchin Investment Partners LLC purchased a new stake in shares of New Oriental Education & Technology Group during the 3rd quarter valued at approximately $251,000. Caxton Associates LP acquired a new position in New Oriental Education & Technology Group in the third quarter valued at approximately $261,000. Wrapmanager Inc. purchased a new position in New Oriental Education & Technology Group in the third quarter worth approximately $272,000. Finally, Headlands Technologies LLC increased its stake in New Oriental Education & Technology Group by 188.6% during the third quarter. Headlands Technologies LLC now owns 7,438 shares of the company’s stock worth $435,000 after acquiring an additional 4,861 shares during the last quarter.

New Oriental Education & Technology Group Price Performance

Shares of New Oriental Education & Technology Group stock opened at $84.74 on Friday. The stock has a market capitalization of $14.38 billion, a price-to-earnings ratio of 45.56 and a beta of 0.52. The business has a 50-day moving average of $88.18 and a 200 day moving average of $79.59. New Oriental Education & Technology Group Inc. has a 12 month low of $35.70 and a 12 month high of $98.20.

Analyst Ratings Changes

EDU has been the subject of a number of research analyst reports. Citigroup increased their price target 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. 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 report on Thursday, March 28th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.67.

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.