New York State Common Retirement Fund Takes $825,000 Position in New Oriental Education & Technology Group Inc. (NYSE:EDU)

New York State Common Retirement Fund acquired a new stake in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,259 shares of the company's stock, valued at approximately $825,000.

A number of other hedge funds also recently added to or reduced their stakes in EDU. FMR LLC boosted its position in New Oriental Education & Technology Group by 92.7% during the third quarter. FMR LLC now owns 6,631,500 shares of the company's stock valued at $388,274,000 after purchasing an additional 3,189,254 shares in the last quarter. Sylebra Capital LLC purchased a new position in shares of New Oriental Education & Technology Group in the 3rd quarter worth approximately $63,935,000. Schroder Investment Management Group raised its stake in shares of New Oriental Education & Technology Group by 22.8% during the 3rd quarter. Schroder Investment Management Group now owns 4,094,455 shares of the company's stock worth $239,730,000 after acquiring an additional 760,062 shares in the last quarter. WT Asset Management Ltd lifted its position in New Oriental Education & Technology Group by 48.9% during the third quarter. WT Asset Management Ltd now owns 1,899,128 shares of the company's stock valued at $111,194,000 after acquiring an additional 623,435 shares during the last quarter. Finally, Ariose Capital Management Ltd acquired a new stake in New Oriental Education & Technology Group in the fourth quarter valued at approximately $30,631,000.

New Oriental Education & Technology Group Price Performance

New Oriental Education & Technology Group stock traded up $3.50 during mid-day trading on Monday, reaching $87.67. 1,761,105 shares of the company traded hands, compared to its average volume of 1,837,542. New Oriental Education & Technology Group Inc. has a fifty-two week low of $35.70 and a fifty-two week high of $98.20. The firm's fifty day moving average is $87.19 and its two-hundred day moving average is $80.60. The company has a market capitalization of $14.88 billion, a price-to-earnings ratio of 45.25 and a beta of 0.52.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EDU. Citigroup upped their price target on New Oriental Education & Technology Group from $66.00 to $127.00 and gave the stock a "buy" rating in a research report on Thursday, April 25th. Morgan Stanley upped their target price on 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 issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $97.67.

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.