Tb Alternative Assets LTD Increases Holding in New Oriental Educatio (EDU)

Tb Alternative Assets Ltd increased its stake in New Oriental Educatio (EDU) by 86.26% based on its latest 2018Q4 regulatory filing with the SEC. Tb Alternative Assets Ltd bought 85,723 shares as the company’s stock rose 46.45% with the market. The institutional investor held 185,100 shares of the consumer services company at the end of 2018Q4, valued at $10.15 million, up from 99,377 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 bullish on the $14.13B market cap company. The stock increased 0.62% or $0.55 during the last trading session, reaching $89.01. About 490,087 shares traded. New Oriental Education & Technology Group Inc. (NYSE:EDU) has declined 5.17% since May 8, 2018 and is downtrending. It has underperformed by 9.54% the S&P500.

Tb Alternative Assets Ltd, which manages about $477.44 million US Long portfolio, decreased its stake in Netease Inc (NASDAQ:NTES) by 88,318 shares to 17,253 shares, valued at $4.06M in 2018Q4, according to the filing. It also reduced its holding in Facebook Inc (NASDAQ:FB) by 27,700 shares in the quarter, leaving it with 17,700 shares, and cut its stake in Spn Adr Bzun Us.

More notable recent New Oriental Education & Technology Group Inc. (NYSE:EDU) news were published by: Prnewswire.com which released: “New Oriental Announces Results for the Third Fiscal Quarter Ended February 28, 2019 – PRNewswire” on April 23, 2019, also Fool.com with their article: “New Oriental Education’s Enrollment Booms Artificially, but It Still Has a Solid Quarter – Motley Fool” published on April 23, 2019, Benzinga.com published: “26 Stocks Moving In Tuesday’s Pre-Market Session – Benzinga” on April 23, 2019. More interesting news about New Oriental Education & Technology Group Inc. (NYSE:EDU) were released by: Streetinsider.com and their article: “New Oriental Education (EDU) PT Raised to $110 at Daiwa Securities Despite Significant Guidance Cut – StreetInsider.com” published on April 24, 2019 as well as Businesswire.com‘s news article titled: “Adtalem Global Education and Northeastern University Form Strategic Partnership – Business Wire” with publication date: May 06, 2019.

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