Barings LLC Acquires New Holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Barings LLC acquired a new stake in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 246,181 shares of the company's stock, valued at approximately $18,040,000. New Oriental Education & Technology Group accounts for approximately 0.6% of Barings LLC's holdings, making the stock its 23rd biggest holding. Barings LLC owned approximately 0.15% of New Oriental Education & Technology Group as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tobam purchased a new position in New Oriental Education & Technology Group in the fourth quarter worth $3,979,000. FengHe Fund Management Pte. Ltd. acquired a new stake in shares of New Oriental Education & Technology Group during the fourth quarter worth $2,037,000. Ariose Capital Management Ltd acquired a new stake in shares of New Oriental Education & Technology Group during the fourth quarter worth $30,631,000. Clearbridge Investments LLC lifted its stake in shares of New Oriental Education & Technology Group by 14.7% during the third quarter. Clearbridge Investments LLC now owns 65,002 shares of the company's stock worth $3,806,000 after buying an additional 8,306 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in shares of New Oriental Education & Technology Group during the fourth quarter worth $35,542,000.

Wall Street Analyst Weigh In

EDU has been the subject of several research reports. Morgan Stanley lifted their price objective on shares of New Oriental Education & Technology Group from $85.00 to $95.00 and gave the stock an "overweight" rating in a research note on Thursday, March 28th. Citigroup lifted their price objective on shares of New Oriental Education & Technology Group from $66.00 to $127.00 and gave the stock a "buy" rating in a research note on Thursday, April 25th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $97.67.

New Oriental Education & Technology Group Stock Performance

NYSE EDU traded up $0.93 on Tuesday, reaching $88.61. 1,021,942 shares of the company's stock traded hands, compared to its average volume of 1,828,791. The firm has a market cap of $15.04 billion, a price-to-earnings ratio of 47.64 and a beta of 0.52. The stock has a 50 day moving average price of $86.89 and a 200-day moving average price of $80.92. New Oriental Education & Technology Group Inc. has a fifty-two week low of $35.70 and a fifty-two week high of $98.20.

About New Oriental Education & Technology Group

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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