Virtu Financial LLC Takes $1.22 Million Position in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Virtu Financial LLC purchased a new stake in New Oriental Education & Technology Group Inc. (NYSE:EDU) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 14,051 shares of the company’s stock, valued at approximately $1,220,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tobam acquired a new position in New Oriental Education & Technology Group during the 4th quarter valued at about $3,979,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in New Oriental Education & Technology Group during the 4th quarter valued at about $488,000. Calamos Wealth Management LLC acquired a new position in New Oriental Education & Technology Group during the 4th quarter valued at about $525,000. New York State Common Retirement Fund acquired a new position in New Oriental Education & Technology Group during the 4th quarter valued at about $825,000. Finally, Panview Asian Equity Master Fund boosted its stake in New Oriental Education & Technology Group by 6.8% during the 4th quarter. Panview Asian Equity Master Fund now owns 392,972 shares of the company’s stock valued at $28,797,000 after purchasing an additional 25,000 shares during the period.

New Oriental Education & Technology Group Trading Down 3.0 %

Shares of NYSE EDU traded down $1.83 during midday trading on Friday, reaching $59.92. The company’s stock had a trading volume of 3,198,443 shares, compared to its average volume of 1,779,360. The company has a 50 day moving average price of $75.68 and a 200 day moving average price of $82.08. New Oriental Education & Technology Group Inc. has a one year low of $49.94 and a one year high of $98.20. The company has a market cap of $10.17 billion, a price-to-earnings ratio of 32.22 and a beta of 0.44.

Analyst Ratings Changes

A number of research analysts have issued reports on EDU shares. Citigroup reduced their target price on shares of New Oriental Education & Technology Group from $127.00 to $106.00 and set a “buy” rating for the company in a research note on Friday. HSBC started coverage on shares of New Oriental Education & Technology Group in a research report on Wednesday, May 29th. They set a “buy” rating and a $110.00 price target on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $103.67.

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.