New Oriental Education & Technology Group Inc. (NYSE:EDU) Shares Acquired by Farallon Capital Management LLC

Farallon Capital Management LLC raised its position in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 139.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,469,590 shares of the company's stock after buying an additional 854,590 shares during the quarter. Farallon Capital Management LLC owned about 0.87% of New Oriental Education & Technology Group worth $114,231,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Dymon Asia Capital Singapore PTE. LTD. purchased a new position in shares of New Oriental Education & Technology Group during the 4th quarter worth approximately $733,000. Goldman Sachs Group Inc. lifted its holdings in New Oriental Education & Technology Group by 37.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,374,408 shares of the company's stock valued at $173,997,000 after acquiring an additional 646,122 shares during the period. Russell Investments Group Ltd. boosted its position in shares of 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. Point72 Hong Kong Ltd grew its stake in shares of New Oriental Education & Technology Group by 81.7% during the 4th quarter. Point72 Hong Kong Ltd now owns 771,798 shares of the company's stock worth $56,557,000 after purchasing an additional 346,956 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of New Oriental Education & Technology Group during the 1st quarter worth $1,220,000.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Citigroup reduced their price objective 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. HSBC started coverage on New Oriental Education & Technology Group in a research note on Wednesday, May 29th. They set a "buy" rating and a $110.00 price target on the stock. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, New Oriental Education & Technology Group currently has an average rating of "Moderate Buy" and an average target price of $103.67.

New Oriental Education & Technology Group Price Performance

EDU traded up $3.20 during midday trading on Tuesday, reaching $63.45. 1,253,067 shares of the company's stock were exchanged, compared to its average volume of 1,811,140. The business's 50-day moving average price is $66.18 and its 200 day moving average price is $76.88. New Oriental Education & Technology Group Inc. has a 1-year low of $53.44 and a 1-year high of $98.20. The stock has a market capitalization of $10.77 billion, a PE ratio of 33.88 and a beta of 0.46.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last announced its earnings results on Wednesday, July 31st. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.19). The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. New Oriental Education & Technology Group had a net margin of 7.18% and a return on equity of 7.50%. As a group, analysts expect that New Oriental Education & Technology Group Inc. will post 2.83 EPS for the current fiscal year.

New Oriental Education & Technology Group Dividend Announcement

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

About New Oriental Education & Technology Group

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.