New Oriental Education & Technology Group Inc. (NYSE:EDU) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank lifted its holdings in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) by 86.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,175 shares of the company’s stock after buying an additional 6,117 shares during the quarter. Toronto Dominion Bank’s holdings in New Oriental Education & Technology Group were worth $108,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in EDU. Victory Capital Management Inc. increased its position in shares of New Oriental Education & Technology Group by 847.5% during the first quarter. Victory Capital Management Inc. now owns 152,049 shares of the company’s stock worth $2,129,000 after purchasing an additional 136,002 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of New Oriental Education & Technology Group by 52.7% during the first quarter. Alliancebernstein L.P. now owns 998,017 shares of the company’s stock worth $13,972,000 after purchasing an additional 344,257 shares in the last quarter. Fifth Third Bancorp grew its holdings in New Oriental Education & Technology Group by 994.2% in the 1st quarter. Fifth Third Bancorp now owns 25,450 shares of the company’s stock valued at $356,000 after buying an additional 23,124 shares in the last quarter. The PNC Financial Services Group Inc. grew its holdings in New Oriental Education & Technology Group by 897.0% in the 1st quarter. The PNC Financial Services Group Inc. now owns 19,891 shares of the company’s stock valued at $279,000 after buying an additional 17,896 shares in the last quarter. Finally, Swiss National Bank grew its holdings in New Oriental Education & Technology Group by 921.8% in the 1st quarter. Swiss National Bank now owns 3,892,040 shares of the company’s stock valued at $54,489,000 after buying an additional 3,511,135 shares in the last quarter. 68.90% of the stock is owned by institutional investors and hedge funds.

Shares of New Oriental Education & Technology Group stock opened at $1.87 on Friday. New Oriental Education & Technology Group Inc. has a 52 week low of $1.68 and a 52 week high of $19.97. The business’s fifty day simple moving average is $2.43 and its 200-day simple moving average is $12.02. The firm has a market cap of $3.21 billion, a PE ratio of 7.79 and a beta of 0.84.

Several analysts have issued reports on EDU shares. The Goldman Sachs Group cut New Oriental Education & Technology Group from a “buy” rating to a “neutral” rating in a report on Monday, July 26th. JPMorgan Chase & Co. cut New Oriental Education & Technology Group from an “overweight” rating to an “underweight” rating in a report on Friday, July 23rd. DBS Vickers cut New Oriental Education & Technology Group from a “buy” rating to a “hold” rating and set a $8.70 target price for the company. in a report on Friday, June 25th. Daiwa Capital Markets cut New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 27th. Finally, HSBC cut New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a report on Friday, June 18th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $60.45.

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: K-12 AST, Test preparation, and Other Courses, Primary and Secondary School Education, Online Education, Content Development and Distribution, Pre-School Education, Overseas Study Consulting Services, and Study Tours.

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Institutional Ownership by Quarter for New Oriental Education & Technology Group (NYSE:EDU)

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