E Fund Management Co. Ltd. Makes New $1.11 Million Investment in New Oriental Education & Technology Group Inc. (NYSE:EDU)

E Fund Management Co. Ltd. acquired a new stake in New Oriental Education & Technology Group Inc. (NYSE:EDU) in the fourth quarter, Holdings Channel.com reports. The fund acquired 15,201 shares of the company’s stock, valued at approximately $1,114,000.

A number of other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. purchased a new position in New Oriental Education & Technology Group during the 4th quarter valued at about $35,542,000. Shah Capital Management purchased a new position in shares of New Oriental Education & Technology Group in the fourth quarter valued at approximately $60,659,000. Russell Investments Group Ltd. grew its holdings in shares of New Oriental Education & Technology Group by 5,196.2% in the fourth quarter. Russell Investments Group Ltd. now owns 216,881 shares of the company’s stock valued at $15,893,000 after purchasing an additional 212,786 shares in the last quarter. Aubrey Capital Management Ltd increased its stake in New Oriental Education & Technology Group by 1.4% during the 4th quarter. Aubrey Capital Management Ltd now owns 304,056 shares of the company’s stock worth $22,281,000 after buying an additional 4,200 shares during the period. Finally, Headlands Technologies LLC lifted its holdings in New Oriental Education & Technology Group by 151.4% during the 4th quarter. Headlands Technologies LLC now owns 18,696 shares of the company’s stock worth $1,370,000 after buying an additional 11,258 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have commented on EDU shares. Morgan Stanley boosted their price target 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 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 report on Thursday, April 25th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, New Oriental Education & Technology Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.67.

New Oriental Education & Technology Group Stock Performance

Shares of NYSE:EDU traded up $1.66 during trading hours on Thursday, reaching $83.98. The stock had a trading volume of 939,277 shares, compared to its average volume of 1,848,863. The stock has a market capitalization of $14.25 billion, a price-to-earnings ratio of 44.91 and a beta of 0.52. The firm’s 50 day moving average is $87.61 and its 200-day moving average is $80.17. New Oriental Education & Technology Group Inc. has a 1 year low of $35.70 and a 1 year 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.