China Universal Asset Management Co. Ltd. Has $632,000 Position in New Oriental Education & Technology Group Inc. (NYSE:EDU)

China Universal Asset Management Co. Ltd. cut its holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 75.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,334 shares of the company's stock after selling 25,174 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in New Oriental Education & Technology Group were worth $632,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EDU. Renaissance Technologies LLC raised its position in shares of New Oriental Education & Technology Group by 5.5% in the 2nd quarter. Renaissance Technologies LLC now owns 3,175,554 shares of the company's stock valued at $246,836,000 after acquiring an additional 164,600 shares during the period. WT Asset Management Ltd raised its holdings in New Oriental Education & Technology Group by 21.4% in the second quarter. WT Asset Management Ltd now owns 1,730,772 shares of the company's stock worth $134,533,000 after purchasing an additional 304,712 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of New Oriental Education & Technology Group by 3.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,480,400 shares of the company's stock worth $115,071,000 after purchasing an additional 56,100 shares in the last quarter. Farallon Capital Management LLC grew its holdings in shares of New Oriental Education & Technology Group by 139.0% in the 2nd quarter. Farallon Capital Management LLC now owns 1,469,590 shares of the company's stock valued at $114,231,000 after buying an additional 854,590 shares during the period. Finally, Point72 Hong Kong Ltd raised its position in shares of New Oriental Education & Technology Group by 16.6% during the second quarter. Point72 Hong Kong Ltd now owns 1,380,199 shares of the company's stock worth $107,283,000 after purchasing an additional 196,133 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Morgan Stanley set a $83.00 price objective on New Oriental Education & Technology Group in a research report on Thursday, October 17th. StockNews.com upgraded shares of New Oriental Education & Technology Group from a "sell" rating to a "hold" rating in a report on Thursday, October 24th. Finally, Citigroup cut their price objective on shares of New Oriental Education & Technology Group from $127.00 to $106.00 and set a "buy" rating on the stock in a research report on Friday, August 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $99.67.

New Oriental Education & Technology Group Stock Up 1.1 %

EDU traded up $0.67 during trading hours on Wednesday, hitting $62.97. 949,976 shares of the company's stock were exchanged, compared to its average volume of 1,894,783. The stock has a market cap of $10.69 billion, a price-to-earnings ratio of 26.91 and a beta of 0.47. New Oriental Education & Technology Group Inc. has a 1-year low of $58.60 and a 1-year high of $98.20. The stock's 50-day moving average is $66.66 and its two-hundred day moving average is $73.52.

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 analysts' consensus estimates of $1.33 by $0.27. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.45 billion. New Oriental Education & Technology Group had a net margin of 7.18% and a return on equity of 7.50%. The company's quarterly revenue was up 30.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 EPS. On average, equities research analysts anticipate that New Oriental Education & Technology Group Inc. will post 2.85 EPS for the current year.

New Oriental Education & Technology Group Announces Dividend

The business also recently declared 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 of this dividend 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.