As New Oriental Ed & Tech Grp I (EDU) Market Valuation Rose, Indus Capital Partners Has Lifted Its Position; Alibaba Group Hldg LTD (BABA) Stake Increased by Next Financial Group Inc

January 14, 2018 - By Ellis Scott

David Kowitz increased its stake in New Oriental Ed & Tech Grp I (EDU) by 192.79% based on its latest 2017Q3 regulatory filing with the SEC. Indus Capital Partners Llc bought 269,900 shares as the company’s stock rose 45.08% with the market. The hedge fund run by David Kowitz held 409,900 shares of the consumer services company at the end of 2017Q3, valued at $36.18 million, up from 140,000 at the end of the previous reported quarter. Indus Capital Partners Llc who had been investing in New Oriental Ed & Tech Grp I for a number of months, seems to be bullish on the $16.59B market cap company. The stock increased 2.94% or $3 during the last trading session, reaching $104.92. About 2.50 million shares traded or 58.59% up from the average. New Oriental Education & Technology Group Inc. (NYSE:EDU) has risen 76.69% since January 14, 2017 and is uptrending. It has outperformed by 59.99% the S&P500.

Next Financial Group Inc increased its stake in Alibaba Group Hldg Ltd (BABA) by 90.09% based on its latest 2017Q3 regulatory filing with the SEC. Next Financial Group Inc bought 4,518 shares as the company’s stock rose 22.58% with the market. The institutional investor held 9,533 shares of the business services company at the end of 2017Q3, valued at $1.70M, up from 5,015 at the end of the previous reported quarter. Next Financial Group Inc who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be bullish on the $481.84 billion market cap company. The stock decreased 0.51% or $0.96 during the last trading session, reaching $187.79. About 11.79M shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since January 14, 2017 and is uptrending. It has outperformed by 40.63% the S&P500.

Among 37 analysts covering Alibaba (NYSE:BABA), 35 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 157 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Overweight” rating given on Saturday, August 29 by Morgan Stanley. The rating was maintained by Needham on Thursday, September 28 with “Buy”. Stifel Nicolaus maintained Alibaba Group Holding Limited (NYSE:BABA) rating on Friday, August 18. Stifel Nicolaus has “Buy” rating and $190 target. The stock has “Buy” rating by Jefferies on Thursday, July 13. Cantor Fitzgerald maintained Alibaba Group Holding Limited (NYSE:BABA) on Wednesday, August 12 with “Buy” rating. Axiom Capital maintained the shares of BABA in report on Monday, September 14 with “Buy” rating. TH Capital upgraded Alibaba Group Holding Limited (NYSE:BABA) on Friday, October 23 to “Buy” rating. The company was maintained on Monday, November 13 by SunTrust. As per Wednesday, September 9, the company rating was maintained by Cantor Fitzgerald. Barclays Capital maintained Alibaba Group Holding Limited (NYSE:BABA) on Tuesday, October 31 with “Overweight” rating.

Next Financial Group Inc, which manages about $1.77B and $359.28M US Long portfolio, decreased its stake in Gilead Sciences Inc (NASDAQ:GILD) by 10,508 shares to 6,092 shares, valued at $494,000 in 2017Q3, according to the filing. It also reduced its holding in Ishares Tr (DVY) by 3,162 shares in the quarter, leaving it with 33,365 shares, and cut its stake in Vanguard World Fds (VHT).

Indus Capital Partners Llc, which manages about $7.51B and $988.47 million US Long portfolio, decreased its stake in Coach Inc (Call) (NYSE:COH) by 1.26 million shares to 300,000 shares, valued at $12.08M in 2017Q3, according to the filing. It also reduced its holding in Spdr S&P 500 Etf Tr (Put) (SPY) by 288,800 shares in the quarter, leaving it with 554,000 shares, and cut its stake in Tata Mtrs Ltd (NYSE:TTM).

Among 12 analysts covering New Oriental Education & Technology Group (NYSE:EDU), 9 have Buy rating, 1 Sell and 2 Hold. Therefore 75% are positive. New Oriental Education & Technology Group had 31 analyst reports since September 9, 2015 according to SRatingsIntel. The stock of New Oriental Education & Technology Group Inc. (NYSE:EDU) earned “Overweight” rating by JP Morgan on Wednesday, September 9. As per Wednesday, October 21, the company rating was upgraded by Jefferies. Jefferies maintained New Oriental Education & Technology Group Inc. (NYSE:EDU) on Wednesday, April 26 with “Buy” rating. The stock has “Buy” rating by Benchmark on Wednesday, April 19. The company was maintained on Thursday, January 21 by Macquarie Research. The rating was maintained by Nomura on Thursday, July 21 with “Neutral”. The firm has “Buy” rating by Benchmark given on Wednesday, July 26. The firm has “Overweight” rating given on Friday, August 25 by Morgan Stanley. Jefferies maintained the shares of EDU in report on Wednesday, October 25 with “Buy” rating. The stock has “Buy” rating by Benchmark on Friday, October 6.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>