Marshall Wace LLP Increases Position in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Marshall Wace LLP lifted its holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 14.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 174,717 shares of the company's stock after purchasing an additional 21,815 shares during the quarter. Marshall Wace LLP owned 0.10% of New Oriental Education & Technology Group worth $11,213,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of EDU. Serenity Capital Management PTE. LTD. purchased a new position in shares of New Oriental Education & Technology Group in the 4th quarter worth $2,142,000. Barclays PLC raised its position in New Oriental Education & Technology Group by 8,438.4% during the fourth quarter. Barclays PLC now owns 95,716 shares of the company's stock valued at $6,142,000 after purchasing an additional 94,595 shares during the period. Raymond James Financial Inc. bought a new position in shares of New Oriental Education & Technology Group during the 4th quarter valued at approximately $266,000. APG Asset Management N.V. purchased a new position in New Oriental Education & Technology Group during the fourth quarter worth $15,650,000. Finally, FIL Ltd raised its stake in shares of New Oriental Education & Technology Group by 9.4% in the fourth quarter. FIL Ltd now owns 1,318,432 shares of the company's stock valued at $84,617,000 after acquiring an additional 113,715 shares during the period.

New Oriental Education & Technology Group Price Performance

Shares of EDU stock traded up $0.83 during mid-day trading on Friday, hitting $46.95. The stock had a trading volume of 1,497,589 shares, compared to its average volume of 1,860,128. New Oriental Education & Technology Group Inc. has a 12-month low of $40.66 and a 12-month high of $89.33. The firm's 50-day moving average is $47.13 and its two-hundred day moving average is $55.01. The firm has a market capitalization of $7.97 billion, a P/E ratio of 19.98 and a beta of 0.37.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on EDU shares. JPMorgan Chase & Co. dropped their price target on shares of New Oriental Education & Technology Group from $50.00 to $48.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. China Renaissance cut New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Macquarie downgraded New Oriental Education & Technology Group from an "outperform" rating to an "underperform" rating and reduced their price target for the stock from $79.00 to $44.00 in a report on Wednesday, January 22nd. Morgan Stanley cut New Oriental Education & Technology Group from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $83.00 to $52.00 in a report on Wednesday, January 22nd. Finally, Citigroup downgraded 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 research report on Friday, January 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $60.80.

About New Oriental Education & Technology Group

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.