New Oriental Education & Technology Group Target of Unusually High Options Trading (NYSE:EDU)

New Oriental Education & Technology Group Inc. (NYSE:EDU - Get Free Report) saw some unusual options trading on Monday. Stock investors purchased 15,116 put options on the stock. This is an increase of 1,348% compared to the typical daily volume of 1,044 put options.

Analysts Set New Price Targets

Several research firms recently weighed in on EDU. JPMorgan Chase & Co. cut their price objective on New Oriental Education & Technology Group from $50.00 to $48.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. China Renaissance downgraded shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Citigroup cut shares of New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and cut their target price for the company from $83.00 to $50.00 in a research note on Friday, January 24th. Morgan Stanley downgraded shares of New Oriental Education & Technology Group from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $83.00 to $52.00 in a report on Wednesday, January 22nd. Finally, StockNews.com downgraded shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, New Oriental Education & Technology Group presently has an average rating of "Hold" and a consensus price target of $60.80.

New Oriental Education & Technology Group Stock Performance

Shares of NYSE:EDU traded up $0.83 during midday trading on Friday, reaching $46.95. 1,497,589 shares of the company's stock were exchanged, compared to its average volume of 1,860,128. The company's 50 day simple moving average is $47.13 and its two-hundred day simple moving average is $55.15. New Oriental Education & Technology Group has a 12 month low of $40.66 and a 12 month high of $89.33. The firm has a market capitalization of $7.97 billion, a PE ratio of 19.98 and a beta of 0.37.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EDU. GeoWealth Management LLC grew its stake in shares of New Oriental Education & Technology Group by 258.5% in the 4th quarter. GeoWealth Management LLC now owns 441 shares of the company's stock valued at $28,000 after purchasing an additional 318 shares during the period. Westpac Banking Corp acquired a new stake in New Oriental Education & Technology Group in the 4th quarter valued at $45,000. SBI Securities Co. Ltd. bought a new stake in New Oriental Education & Technology Group in the fourth quarter valued at $51,000. Natixis raised its stake in New Oriental Education & Technology Group by 39.2% during the fourth quarter. Natixis now owns 881 shares of the company's stock worth $57,000 after acquiring an additional 248 shares in the last quarter. Finally, BNP Paribas bought a new position in shares of New Oriental Education & Technology Group during the fourth quarter valued at $113,000.

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.