Robeco Institutional Asset Management B.V. Lowers Stock Position in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Robeco Institutional Asset Management B.V. lowered its stake in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 14.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,966 shares of the company's stock after selling 9,192 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in New Oriental Education & Technology Group were worth $4,169,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Ridgewood Investments LLC bought a new position in New Oriental Education & Technology Group in the 2nd quarter worth approximately $43,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of New Oriental Education & Technology Group in the 2nd quarter valued at approximately $50,000. Blue Trust Inc. increased its holdings in New Oriental Education & Technology Group by 782.4% in the second quarter. Blue Trust Inc. now owns 803 shares of the company's stock valued at $62,000 after purchasing an additional 712 shares during the period. Hancock Whitney Corp bought a new stake in New Oriental Education & Technology Group in the second quarter worth approximately $212,000. Finally, QRG Capital Management Inc. raised its holdings in New Oriental Education & Technology Group by 7.4% during the second quarter. QRG Capital Management Inc. now owns 3,666 shares of the company's stock worth $285,000 after buying an additional 254 shares during the last quarter.

Analyst Ratings Changes

EDU has been the topic of a number of analyst reports. StockNews.com raised shares of New Oriental Education & Technology Group from a "sell" rating to a "hold" rating in a report on Thursday, October 24th. Morgan Stanley set a $83.00 target price on New Oriental Education & Technology Group in a research report on Thursday, October 17th. Finally, Citigroup cut their target price on shares of New Oriental Education & Technology Group from $127.00 to $106.00 and set a "buy" rating for the company 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 stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $99.67.

New Oriental Education & Technology Group Trading Down 1.6 %

Shares of EDU stock traded down $1.00 during trading hours on Friday, hitting $60.30. The company's stock had a trading volume of 1,219,041 shares, compared to its average volume of 1,666,551. The stock has a market cap of $10.23 billion, a price-to-earnings ratio of 25.77 and a beta of 0.49. New Oriental Education & Technology Group Inc. has a twelve month low of $56.18 and a twelve month high of $98.20. The business has a fifty day moving average of $66.13 and a 200-day moving average of $72.35.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $1.60 earnings per share 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 analyst estimates of $1.45 billion. During the same period last year, the company earned $0.99 earnings per share. The firm's revenue for the quarter was up 30.5% on a year-over-year basis. On average, equities analysts expect that New Oriental Education & Technology Group Inc. will post 2.94 EPS for the current fiscal year.

New Oriental Education & Technology Group Announces Dividend

The firm also recently announced a -- dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 9th were given a dividend of $0.58 per share. The ex-dividend date was Monday, September 9th.

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.