New Oriental Education & Technology Group Inc. (NYSE:EDU) Stock Holdings Lifted by Carrhae Capital LLP

Carrhae Capital LLP lifted its stake in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 30.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 684,187 shares of the company's stock after purchasing an additional 159,848 shares during the quarter. New Oriental Education & Technology Group comprises 5.9% of Carrhae Capital LLP's portfolio, making the stock its 7th biggest holding. Carrhae Capital LLP owned about 0.40% of New Oriental Education & Technology Group worth $51,889,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of EDU. Ridgewood Investments LLC purchased a new position in shares of New Oriental Education & Technology Group in the 2nd quarter worth approximately $43,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of New Oriental Education & Technology Group in the 2nd quarter worth approximately $50,000. Blue Trust Inc. boosted its holdings in shares of New Oriental Education & Technology Group by 782.4% in the 2nd quarter. Blue Trust Inc. now owns 803 shares of the company's stock worth $62,000 after purchasing an additional 712 shares during the period. Hancock Whitney Corp purchased a new position in shares of New Oriental Education & Technology Group in the 2nd quarter worth approximately $212,000. Finally, Yousif Capital Management LLC purchased a new position in shares of New Oriental Education & Technology Group in the 1st quarter worth approximately $231,000.

Analyst Upgrades and Downgrades

EDU has been the subject of a number of research analyst reports. Morgan Stanley set a $83.00 price target on New Oriental Education & Technology Group in a research note on Thursday. StockNews.com lowered New Oriental Education & Technology Group from a "hold" rating to a "sell" rating in a research note on Monday, October 14th. Finally, Citigroup decreased their price target on 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 equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $99.67.

New Oriental Education & Technology Group Stock Performance

NYSE EDU traded down $1.84 on Monday, reaching $67.92. 1,744,297 shares of the stock traded hands, compared to its average volume of 1,882,876. The company has a fifty day moving average price of $67.48 and a 200-day moving average price of $74.63. The company has a market cap of $11.53 billion, a price-to-earnings ratio of 36.52 and a beta of 0.47. New Oriental Education & Technology Group Inc. has a 12 month low of $58.60 and a 12 month high of $98.20.

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

New Oriental Education & Technology Group Announces Dividend

The business also recently declared a -- dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 9th were given a $0.58 dividend. The ex-dividend date of this dividend was Monday, September 9th.

New Oriental Education & Technology Group Company 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.