New Oriental Education & Technology Group Inc. (NYSE:EDU) Shares Bought by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec grew its holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 49.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 180,151 shares of the company's stock after purchasing an additional 59,429 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.11% of New Oriental Education & Technology Group worth $13,663,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Farallon Capital Management LLC raised its stake in New Oriental Education & Technology Group by 139.0% in the second quarter. Farallon Capital Management LLC now owns 1,469,590 shares of the company's stock worth $114,231,000 after buying an additional 854,590 shares in the last quarter. Fiera Capital Corp increased its holdings in shares of New Oriental Education & Technology Group by 19.8% in the 3rd quarter. Fiera Capital Corp now owns 51,371 shares of the company's stock valued at $3,896,000 after acquiring an additional 8,499 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of New Oriental Education & Technology Group by 3.4% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 592,564 shares of the company's stock valued at $44,940,000 after acquiring an additional 19,401 shares during the period. DekaBank Deutsche Girozentrale bought a new position in shares of New Oriental Education & Technology Group in the 3rd quarter worth $629,000. Finally, Monolith Management Ltd purchased a new stake in shares of New Oriental Education & Technology Group during the 3rd quarter worth $15,168,000.

New Oriental Education & Technology Group Stock Performance

EDU stock traded up $1.60 on Monday, hitting $59.92. 1,053,004 shares of the company's stock were exchanged, compared to its average volume of 1,844,996. The firm has a 50 day moving average price of $65.14 and a two-hundred day moving average price of $69.49. New Oriental Education & Technology Group Inc. has a 12-month low of $54.00 and a 12-month high of $98.20. The stock has a market cap of $10.17 billion, a P/E ratio of 24.95 and a beta of 0.49.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.27. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.45 billion. New Oriental Education & Technology Group had a net margin of 8.38% and a return on equity of 9.43%. The business's quarterly revenue was up 30.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.99 earnings per share. Sell-side analysts expect that New Oriental Education & Technology Group Inc. will post 2.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on EDU shares. StockNews.com upgraded New Oriental Education & Technology Group from a "sell" rating to a "hold" rating in a research note on Thursday, October 24th. Morgan Stanley set a $83.00 price objective on shares of New Oriental Education & Technology Group in a research report on Thursday, October 17th.

New Oriental Education & Technology Group Profile

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.