UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $75.42 Million Stake in New Oriental Education & Technology Group Inc. (NYSE:EDU)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 20,215.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 994,431 shares of the company's stock after buying an additional 989,536 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.59% of New Oriental Education & Technology Group worth $75,418,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in EDU. Ridgewood Investments LLC bought a new position in shares of New Oriental Education & Technology Group during the second quarter worth about $43,000. Ashton Thomas Private Wealth LLC bought a new stake in New Oriental Education & Technology Group during the second quarter worth approximately $50,000. Blue Trust Inc. grew 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 acquiring an additional 712 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in New Oriental Education & Technology Group by 14.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,658 shares of the company's stock valued at $126,000 after buying an additional 206 shares in the last quarter. Finally, Hancock Whitney Corp acquired a new position in New Oriental Education & Technology Group in the 2nd quarter worth approximately $212,000.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. StockNews.com raised shares of New Oriental Education & Technology Group from a "sell" rating to a "hold" rating in a research report on Thursday, October 24th. Morgan Stanley set a $83.00 price target on New Oriental Education & Technology Group in a report on Thursday, October 17th.

New Oriental Education & Technology Group Trading Up 6.5 %

New Oriental Education & Technology Group stock traded up $3.92 on Tuesday, reaching $63.84. 2,659,716 shares of the stock were exchanged, compared to its average volume of 1,848,493. The stock has a market cap of $10.83 billion, a PE ratio of 27.28 and a beta of 0.46. The firm has a fifty day moving average price of $65.13 and a two-hundred day moving average price of $69.33. New Oriental Education & Technology Group Inc. has a twelve month low of $54.00 and a twelve month high of $98.20.

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 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.27. The company had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.45 billion. New Oriental Education & Technology Group had a return on equity of 9.43% and a net margin of 8.38%. New Oriental Education & Technology Group's revenue for the quarter was up 30.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.99 earnings per share. Equities analysts anticipate that New Oriental Education & Technology Group Inc. will post 2.94 EPS for the current fiscal year.

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.