Stock Traders Purchase High Volume of New Oriental Education & Technology Group Put Options (NYSE:EDU)

New Oriental Education & Technology Group Inc. (NYSE:EDU) saw unusually large options trading on Monday. Stock traders acquired 15,116 put options on the company. This represents an increase of approximately 1,348% compared to the average daily volume of 1,044 put options.

New Oriental Education & Technology Group Price Performance

NYSE EDU opened at $44.50 on Tuesday. New Oriental Education & Technology Group has a one year low of $40.66 and a one year high of $91.04. The firm has a market cap of $7.55 billion, a P/E ratio of 18.94 and a beta of 0.37. The stock’s 50-day moving average is $47.86 and its 200-day moving average is $55.88.

Wall Street Analyst Weigh In

A number of analysts recently commented on EDU shares. China Renaissance lowered New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Citigroup lowered shares of New Oriental Education & Technology Group from a “buy” rating to a “neutral” rating and cut their price objective for the company from $83.00 to $50.00 in a report on Friday, January 24th. Morgan Stanley lowered shares of New Oriental Education & Technology Group from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $83.00 to $52.00 in a report on Wednesday, January 22nd. JPMorgan Chase & Co. reduced their price target on New Oriental Education & Technology Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Macquarie lowered New Oriental Education & Technology Group from an “outperform” rating to an “underperform” rating and cut their target price for the company from $79.00 to $44.00 in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $60.80.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EDU. Aspex Management HK Ltd lifted its position in New Oriental Education & Technology Group by 56.8% in the 4th quarter. Aspex Management HK Ltd now owns 7,454,906 shares of the company’s stock valued at $478,456,000 after acquiring an additional 2,701,566 shares in the last quarter. FMR LLC grew its holdings in shares of New Oriental Education & Technology Group by 46.3% during the fourth quarter. FMR LLC now owns 4,539,678 shares of the company’s stock worth $291,357,000 after buying an additional 1,437,656 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in New Oriental Education & Technology Group by 61.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,894,541 shares of the company’s stock valued at $249,952,000 after buying an additional 1,480,391 shares during the last quarter. Schroder Investment Management Group lifted its stake in New Oriental Education & Technology Group by 17.2% in the 4th quarter. Schroder Investment Management Group now owns 3,019,859 shares of the company’s stock valued at $193,815,000 after acquiring an additional 442,656 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in New Oriental Education & Technology Group by 175.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,276,762 shares of the company’s stock valued at $146,123,000 after acquiring an additional 1,449,979 shares in the last quarter.

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.