AIA Group Ltd acquired a new stake in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 74,803 shares of the company's stock, valued at approximately $5,673,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Farallon Capital Management LLC increased its position in shares of New Oriental Education & Technology Group by 139.0% in the 2nd quarter. Farallon Capital Management LLC now owns 1,469,590 shares of the company's stock worth $114,231,000 after purchasing an additional 854,590 shares during the last quarter. Russell Investments Group Ltd. grew its position in New Oriental Education & Technology Group by 23.3% during the 1st quarter. Russell Investments Group Ltd. now owns 267,516 shares of the company's stock worth $23,226,000 after purchasing an additional 50,635 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of New Oriental Education & Technology Group in the 1st quarter valued at about $1,220,000. Swedbank AB acquired a new position in shares of New Oriental Education & Technology Group in the first quarter worth $6,171,000. Finally, WT Asset Management Ltd grew its stake in shares of New Oriental Education & Technology Group by 21.4% in the 2nd quarter. WT Asset Management Ltd now owns 1,730,772 shares of the company's stock valued at $134,533,000 after buying an additional 304,712 shares in the last quarter.
New Oriental Education & Technology Group Trading Down 1.6 %
Shares of NYSE:EDU traded down $1.00 during trading on Friday, hitting $60.30. 1,213,475 shares of the company were exchanged, compared to its average volume of 1,877,809. The firm has a fifty day moving average price of $66.16 and a two-hundred day moving average price of $72.54. New Oriental Education & Technology Group Inc. has a fifty-two week low of $56.18 and a fifty-two week high of $98.20. The stock has a market cap of $10.23 billion, a price-to-earnings ratio of 26.21 and a beta of 0.49.
New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.27. New Oriental Education & Technology Group had a return on equity of 9.43% and a net margin of 8.38%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the company posted $0.99 EPS. The firm's quarterly revenue was up 30.5% on a year-over-year basis. As a group, research analysts predict that New Oriental Education & Technology Group Inc. will post 2.85 EPS for the current year.
New Oriental Education & Technology Group Dividend Announcement
The firm also recently declared a -- dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 9th were issued a dividend of $0.58 per share. The ex-dividend date was Monday, September 9th.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on EDU. Morgan Stanley set a $83.00 target price on New Oriental Education & Technology Group in a research report on Thursday, October 17th. StockNews.com upgraded shares of New Oriental Education & Technology Group from a "sell" rating to a "hold" rating in a research report on Thursday, October 24th. Finally, Citigroup reduced their target price on shares of New Oriental Education & Technology Group from $127.00 to $106.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $99.67.
Get Our Latest Stock Report on EDU
New Oriental Education & Technology Group Profile
(
Free Report)
New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.
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