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Tb Alternative Assets LTD Has Lowered New Oriental Educatio (EDU) Position by $7.28 Million

Tb Alternative Assets Ltd decreased its stake in New Oriental Educatio (EDU) by 22.44% based on its latest 2018Q2 regulatory filing with the SEC. Tb Alternative Assets Ltd sold 77,451 shares as the company’s stock declined 32.12% while stock markets rallied. The institutional investor held 267,749 shares of the consumer services company at the end of 2018Q2, valued at $25.35 million, down from 345,200 at the end of the previous reported quarter. Tb Alternative Assets Ltd who had been investing in New Oriental Educatio for a number of months, seems to be less bullish one the $9.11B market cap company. The stock decreased 5.16% or $3.12 during the last trading session, reaching $57.4. About 1.80 million shares traded. New Oriental Education & Technology Group Inc. (NYSE:EDU) has declined 23.32% since November 10, 2017 and is downtrending. It has underperformed by 38.94% the S&P500.

Tb Alternative Assets Ltd, which manages about $329.26 million US Long portfolio, upped its stake in Netease Inc (NASDAQ:NTES) by 73,271 shares to 105,571 shares, valued at $26.68M in 2018Q2, according to the filing.

Another recent and important New Oriental Education & Technology Group Inc. (NYSE:EDU) news was published by Investorplace.com which published an article titled: “7 Chinese Stocks to Buy While They’re Down” on November 09, 2018.

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

Among 5 analysts covering New Oriental Education (NYSE:EDU), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. New Oriental Education has $102 highest and $55 lowest target. $84.33’s average target is 46.92% above currents $57.4 stock price. New Oriental Education had 6 analyst reports since May 24, 2018 according to SRatingsIntel. Deutsche Bank downgraded New Oriental Education & Technology Group Inc. (NYSE:EDU) rating on Thursday, November 1. Deutsche Bank has “Hold” rating and $55 target. The rating was maintained by JP Morgan on Wednesday, October 24 with “Overweight”. The stock of New Oriental Education & Technology Group Inc. (NYSE:EDU) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, October 2. The rating was maintained by Nomura on Wednesday, October 24 with “Buy”. JP Morgan maintained it with “Neutral” rating and $102 target in Tuesday, May 29 report. CLSA downgraded the stock to “Underperform” rating in Thursday, May 24 report.

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

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