The Principal Financial Group Inc. Has $81.17 Million Stake in New Oriental Education & Technology Group, Inc. (EDU)

The Principal Financial Group Inc. Has $81.17 Million Stake in New Oriental Education & Technology Group, Inc. (EDU)

Other large investors have also made changes to their positions in the company. Schroder Investment Management Group increased its stake in shares of New Oriental Education & Technology Group by 15.7% in the third quarter. Schroder Investment Management Group now owns 11,794,396 shares of the company’s stock valued at $546,788,000 after buying an additional 1,600,119 shares in the last quarter. FIL Ltd increased its stake in shares of New Oriental Education & Technology Group by 35.7% in the fourth quarter. FIL Ltd now owns 9,893,552 shares of the company’s stock valued at $416,518,000 after buying an additional 2,601,400 shares in the last quarter. OppenheimerFunds Inc. increased its stake in shares of New Oriental Education & Technology Group by 1.5% in the first quarter. OppenheimerFunds Inc. now owns 9,328,992 shares of the company’s stock valued at $563,284,000 after buying an additional 134,050 shares in the last quarter. FMR LLC increased its stake in shares of New Oriental Education & Technology Group by 24.8% in the fourth quarter. FMR LLC now owns 9,232,317 shares of the company’s stock valued at $388,681,000 after buying an additional 1,836,931 shares in the last quarter. Finally, State Street Corp increased its stake in shares of New Oriental Education & Technology Group by 3.2% in the fourth quarter. State Street Corp now owns 2,135,854 shares of the company’s stock valued at $89,925,000 after buying an additional 65,319 shares in the last quarter. 83.43% of the stock is owned by hedge funds and other institutional investors.

Principal Financial Group Inc. reduced its stake in New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 24.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,344,276 shares of the company’s stock after selling 423,937 shares during the period. Principal Financial Group Inc. owned approximately 0.85% of New Oriental Education & Technology Group worth $81,167,000 as of its most recent filing with the SEC.

Shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) traded down 0.99% on Wednesday, hitting $72.96. The stock had a trading volume of 1,003,692 shares. The firm’s 50 day moving average is $70.70 and its 200-day moving average is $55.90. New Oriental Education & Technology Group, Inc. has a one year low of $37.16 and a one year high of $83.21. The stock has a market capitalization of $11.50 billion, a PE ratio of 43.98 and a beta of 1.27.

A number of equities research analysts have recently weighed in on EDU shares. Benchmark Co. started coverage on New Oriental Education & Technology Group in a research note on Tuesday, April 18th. They set a “buy” rating and a $75.00 price target for the company. Goldman Sachs Group, Inc. (The) raised New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 16th. Jefferies Group LLC reaffirmed a “buy” rating and set a $74.80 price target on shares of New Oriental Education & Technology Group in a research note on Tuesday, April 25th. Zacks Investment Research downgraded New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $62.00 price target on shares of New Oriental Education & Technology Group in a research note on Wednesday, May 17th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. New Oriental Education & Technology Group has a consensus rating of “Buy” and a consensus target price of $64.54. About New Oriental Education & Technology Group

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