New Oriental Education & Technology Group Inc. (NYSE:EDU) Shares Sold by Sylebra Capital LLC

Sylebra Capital LLC trimmed its position in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 48.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 366,845 shares of the company's stock after selling 344,488 shares during the period. New Oriental Education & Technology Group makes up about 0.9% of Sylebra Capital LLC's holdings, making the stock its 21st biggest position. Sylebra Capital LLC owned approximately 0.22% of New Oriental Education & Technology Group worth $27,822,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ridgewood Investments LLC purchased a new stake in shares of New Oriental Education & Technology Group during the 2nd quarter worth $43,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of New Oriental Education & Technology Group during the 2nd quarter worth $50,000. Blue Trust Inc. raised its stake in shares of New Oriental Education & Technology Group by 782.4% during the 2nd 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. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of New Oriental Education & Technology Group by 14.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,658 shares of the company's stock worth $126,000 after buying an additional 206 shares during the last quarter. Finally, Hancock Whitney Corp acquired a new position in shares of New Oriental Education & Technology Group during the 2nd quarter worth $212,000.

New Oriental Education & Technology Group Stock Performance

EDU stock traded down $5.27 during trading on Tuesday, hitting $62.96. The stock had a trading volume of 2,032,663 shares, compared to its average volume of 1,865,109. The company's 50 day moving average price is $64.33 and its two-hundred day moving average price is $68.65. New Oriental Education & Technology Group Inc. has a 1-year low of $54.00 and a 1-year high of $98.20. The stock has a market cap of $10.68 billion, a price-to-earnings ratio of 26.91 and a beta of 0.46.

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, beating the consensus estimate 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 the consensus estimate of $1.45 billion. During the same quarter in the previous year, the company posted $0.99 EPS. The firm's revenue for the quarter was up 30.5% on a year-over-year basis. As a group, sell-side analysts forecast that New Oriental Education & Technology Group Inc. will post 2.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. StockNews.com raised New Oriental Education & Technology Group from a "sell" rating to a "hold" rating in a research note on Thursday, October 24th. Morgan Stanley set a $83.00 price target on New Oriental Education & Technology Group in a research note on Thursday, October 17th.

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.