Green Court Capital Management Ltd Makes New $21.15 Million Investment in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Green Court Capital Management Ltd purchased a new position in New Oriental Education & Technology Group Inc. (NYSE:EDU) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 329,574 shares of the company’s stock, valued at approximately $21,152,000. New Oriental Education & Technology Group makes up 14.0% of Green Court Capital Management Ltd’s holdings, making the stock its 3rd largest holding. Green Court Capital Management Ltd owned 0.19% of New Oriental Education & Technology Group as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new stake in New Oriental Education & Technology Group in the 4th quarter worth $51,000. RWC Asset Management LLP purchased a new position in shares of New Oriental Education & Technology Group during the fourth quarter valued at about $258,000. Panview Capital Ltd purchased a new position in shares of New Oriental Education & Technology Group during the fourth quarter valued at about $27,358,000. Lester Murray Antman dba SimplyRich purchased a new position in shares of New Oriental Education & Technology Group during the fourth quarter valued at about $322,000. Finally, Empowered Funds LLC purchased a new position in shares of New Oriental Education & Technology Group during the fourth quarter valued at about $138,000.

New Oriental Education & Technology Group Trading Up 2.8 %

Shares of NYSE:EDU opened at $48.09 on Friday. New Oriental Education & Technology Group Inc. has a 12 month low of $44.46 and a 12 month high of $98.20. The company has a 50-day moving average price of $54.97 and a 200 day moving average price of $60.95. The company has a market cap of $8.16 billion, a price-to-earnings ratio of 20.46 and a beta of 0.42.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Macquarie lowered New Oriental Education & Technology Group from an “outperform” rating to an “underperform” rating and cut their price objective for the company from $79.00 to $44.00 in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. lowered New Oriental Education & Technology Group from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $85.00 to $50.00 in a research report on Wednesday, January 22nd. Morgan Stanley lowered New Oriental Education & Technology Group from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $83.00 to $52.00 in a research report on Wednesday, January 22nd. Finally, Citigroup downgraded shares of New Oriental Education & Technology Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $83.00 to $50.00 in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $61.20.

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.