Harvest Fund Management Co. Ltd lessened its position in New Oriental Education & Technology Group Inc. (NYSE:EDU – Free Report) by 24.7% during the fourth quarter, Holdings Channel reports. The fund owned 285,452 shares of the company’s stock after selling 93,852 shares during the quarter. New Oriental Education & Technology Group comprises approximately 3.2% of Harvest Fund Management Co. Ltd’s investment portfolio, making the stock its 6th largest position. Harvest Fund Management Co. Ltd’s holdings in New Oriental Education & Technology Group were worth $20,901,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of EDU. Personal CFO Solutions LLC bought a new position in New Oriental Education & Technology Group in the 3rd quarter valued at about $200,000. AFG Fiduciary Services Limited Partnership bought a new position in New Oriental Education & Technology Group in the 3rd quarter valued at about $218,000. Jaffetilchin Investment Partners LLC bought a new position in New Oriental Education & Technology Group in the 3rd quarter valued at about $251,000. Caxton Associates LP bought a new position in New Oriental Education & Technology Group in the 3rd quarter valued at about $261,000. Finally, Wrapmanager Inc. bought a new position in New Oriental Education & Technology Group in the 3rd quarter valued at about $272,000.
New Oriental Education & Technology Group Stock Performance
Shares of NYSE:EDU traded up $1.72 during trading hours on Tuesday, hitting $89.62. 1,695,285 shares of the company’s stock traded hands, compared to its average volume of 1,634,180. 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 fifty day simple moving average is $89.76 and its two-hundred day simple moving average is $78.83. The company has a market cap of $15.21 billion, a price-to-earnings ratio of 49.24 and a beta of 0.49.
Analyst Ratings Changes
A number of brokerages recently issued reports on EDU. StockNews.com lowered shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Morgan Stanley raised their price objective 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.
Check Out Our Latest Analysis on EDU
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.
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