Victory Capital Management Inc. decreased its position in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 3.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 323,202 shares of the company's stock after selling 11,746 shares during the quarter. Victory Capital Management Inc. owned approximately 0.19% of New Oriental Education & Technology Group worth $24,512,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the stock. Ridgewood Investments LLC purchased a new position in New Oriental Education & Technology Group during the 2nd quarter valued at $43,000. Ashton Thomas Private Wealth LLC purchased a new stake in New Oriental Education & Technology Group in the 2nd quarter worth approximately $50,000. Blue Trust Inc. boosted its stake in 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 bought a new position in shares of New Oriental Education & Technology Group during the 2nd quarter valued at approximately $212,000. Finally, QRG Capital Management Inc. boosted its position in shares of New Oriental Education & Technology Group by 7.4% during the 2nd quarter. QRG Capital Management Inc. now owns 3,666 shares of the company's stock valued at $285,000 after acquiring an additional 254 shares during the last quarter.
New Oriental Education & Technology Group Stock Performance
New Oriental Education & Technology Group stock traded up $0.29 during mid-day trading on Monday, reaching $56.19. 349,629 shares of the company were exchanged, compared to its average volume of 1,866,171. The firm's 50-day simple moving average is $65.74 and its two-hundred day simple moving average is $71.38. The firm has a market cap of $9.54 billion, a PE ratio of 23.89 and a beta of 0.49. 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 results on Wednesday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.27. New Oriental Education & Technology Group had a return on equity of 9.43% and a net margin of 8.38%. 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 business earned $0.99 earnings per share. The firm's quarterly revenue was up 30.5% compared to the same quarter last year. As a group, equities research analysts anticipate that New Oriental Education & Technology Group Inc. will post 2.94 EPS for the current year.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on EDU shares. Citigroup lowered 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 report on Friday, August 2nd. Morgan Stanley set a $83.00 price target on New Oriental Education & Technology Group in a research report on Thursday, October 17th. Finally, StockNews.com upgraded New Oriental Education & Technology Group from a "sell" rating to a "hold" rating in a research report on Thursday, October 24th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $99.67.
Read Our Latest Analysis on EDU
About New Oriental Education & Technology Group
(
Free Report)
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.
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