BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 592,564 shares of the company's stock after purchasing an additional 19,401 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.35% of New Oriental Education & Technology Group worth $44,940,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD bought a new position in New Oriental Education & Technology Group during the first quarter worth $103,392,000. Farallon Capital Management LLC boosted its position in shares of New Oriental Education & Technology Group by 139.0% during 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 in the last quarter. Millennium Management LLC grew its stake in shares of New Oriental Education & Technology Group by 147.5% in the 2nd quarter. Millennium Management LLC now owns 731,758 shares of the company's stock valued at $56,880,000 after buying an additional 436,098 shares during the period. Thornburg Investment Management Inc. increased its position in New Oriental Education & Technology Group by 211.7% in the 2nd quarter. Thornburg Investment Management Inc. now owns 553,694 shares of the company's stock valued at $43,058,000 after buying an additional 376,036 shares in the last quarter. Finally, WT Asset Management Ltd increased its position in 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 0.6 %
EDU stock traded down $0.33 during trading on Friday, reaching $57.38. The stock had a trading volume of 1,329,759 shares, compared to its average volume of 1,862,224. New Oriental Education & Technology Group Inc. has a 52 week low of $54.00 and a 52 week high of $98.20. The stock's 50 day moving average is $65.40 and its two-hundred day moving average is $70.80. The firm has a market cap of $9.74 billion, a PE ratio of 24.51 and a beta of 0.49.
New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.60 EPS for the quarter, topping 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 firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the company earned $0.99 earnings per share. The business's revenue for the quarter was up 30.5% compared to the same quarter last year. On average, research analysts anticipate that New Oriental Education & Technology Group Inc. will post 2.94 EPS for the current year.
Analyst Ratings Changes
Several equities analysts have weighed in on EDU shares. Citigroup dropped their price objective on 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. Morgan Stanley set a $83.00 price target on shares of New Oriental Education & Technology Group in a report on Thursday, October 17th. Finally, StockNews.com raised shares of New Oriental Education & Technology Group from a "sell" rating to a "hold" rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, New Oriental Education & Technology Group has an average rating of "Moderate Buy" and a consensus price target of $99.67.
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New Oriental Education & Technology Group Company 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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