8,000 Shares in New Oriental Education & Technology Group Inc. (NYSE:EDU) Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale purchased a new stake in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,000 shares of the company's stock, valued at approximately $629,000.

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

New Oriental Education & Technology Group Price Performance

EDU traded up $0.09 during trading on Friday, reaching $62.69. The company had a trading volume of 935,559 shares, compared to its average volume of 1,856,831. The company has a market cap of $10.64 billion, a P/E ratio of 26.79 and a beta of 0.49. New Oriental Education & Technology Group Inc. has a 12 month low of $58.60 and a 12 month high of $98.20. The business's fifty day moving average price is $66.33 and its 200 day moving average price is $73.13.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $1.60 earnings per share for the quarter, topping analysts' consensus estimates of $1.33 by $0.27. New Oriental Education & Technology Group had a net margin of 8.38% and a return on equity of 9.43%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the business earned $0.99 EPS. The company's revenue for the quarter was up 30.5% compared to the same quarter last year. As a group, sell-side analysts predict that New Oriental Education & Technology Group Inc. will post 2.85 EPS for the current fiscal year.

New Oriental Education & Technology Group Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. 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. Citigroup decreased their price target on New Oriental Education & Technology Group from $127.00 to $106.00 and set a "buy" rating on the stock in a report on Friday, August 2nd. Finally, Morgan Stanley set a $83.00 price objective on New Oriental Education & Technology Group in a report on Thursday, October 17th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $99.67.

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.