New Oriental Ed & Tech Grp I (EDU) Shares Rose While Mirae Asset Global Investments Increased Its Stake

According to 2018Q4 Securities and Exchange form the Mirae Asset Global Investments increased its holdings in New Oriental Ed & Tech Grp I (EDU) by 6.7%. The company’s stock rose 46.45% with the market as Mirae Asset Global Investments bought 116,487 shares. The institutional investor is holding 1.86M shares, compared to the 1.74 million from the previous quarter. And the reported value of the consumer services company is $101.68 million for the 2018Q4. $12.30B is New Oriental Ed & Tech Grp I’s market cap. Ticker’s shares touched $77.52 during the last trading session after 1.91% change.New Oriental Education & Technology Group Inc. has volume of 720,295 shares. Since March 15, 2018 EDU has declined 5.17% and is downtrending. The stock underperformed the S&P 500 by 9.54%.

According to a filing Mirae Asset Global Investments reduced its stake in Vanguard Scottsdale Fds (VCSH) by 112,900 shares to 165,950 shares, valued at $12.93 million in 2018Q4. The fund manages about $4.74B and $11.07 billion US Long portfolio. Mirae Asset Global Investments has cut its stake in Baidu Inc (NASDAQ:BIDU) and also reduced its holding in Vanguard Scottsdale Fds (VTWO) by 30,250 shares in the quarter, for a total of 38,400 shares.

Another two news for New Oriental Education & Technology Group Inc. (NYSE:EDU) were recently announced by: Streetinsider.com on February 14, 2019 with title “JANA Partners Enters Centene (CNC), Mastercard (MA), Salesforce (CRM); Raises Microsoft (MSFT), Lowers Apple (AAPL) (More…) – StreetInsider.com”. The other Gurufocus.com‘s article was titled “Baron Funds’ Top 5 Buys in the 4th Quarter – GuruFocus.com” and announced on February 21, 2019.

New Oriental Education & Technology Group Inc. (NYSE:EDU) Ratings Coverage

A total of 4 analysts rate New Oriental Education (NYSE:EDU) as follows: 1 “Buy”, 3 “Hold” and 0 “Sell”. Š¢herefore 25% are bullish. (NYSE:EDU) has 6 ratings reports on 15 Mar 2019 according to StockzIntelligence. On Thursday, November 1 the firm has “Hold” rating given by Deutsche Bank. In Wednesday, October 24 report JP Morgan maintained the stock with “Overweight” rating. On Tuesday, October 2 the firm earned “Equal-Weight” rating by Morgan Stanley. In Wednesday, October 24 report Nomura maintained the stock with “Buy” rating. On Monday, February 11 JP Morgan downgraded the shares of EDU in report to “Neutral” rating.

New Oriental Education & Technology Group Inc. (NYSE:EDU) Analyst Ratings Chart

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