XTX Topco Ltd Invests $1.86 Million in New Oriental Education & Technology Group Inc. (NYSE:EDU)

XTX Topco Ltd bought a new position in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 24,521 shares of the company's stock, valued at approximately $1,860,000.

Several other large investors have also made changes to their positions in EDU. Farallon Capital Management LLC raised its holdings in New Oriental Education & Technology Group by 139.0% during the 2nd quarter. Farallon Capital Management LLC now owns 1,469,590 shares of the company's stock worth $114,231,000 after purchasing an additional 854,590 shares during the last quarter. Fiera Capital Corp grew its holdings in New Oriental Education & Technology Group by 19.8% during the 3rd quarter. Fiera Capital Corp now owns 51,371 shares of the company's stock worth $3,896,000 after acquiring an additional 8,499 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of New Oriental Education & Technology Group by 3.4% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 592,564 shares of the company's stock valued at $44,940,000 after acquiring an additional 19,401 shares during the last quarter. Monolith Management Ltd acquired a new position in shares of New Oriental Education & Technology Group in the 3rd quarter valued at $15,168,000. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of New Oriental Education & Technology Group by 12.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 99,858 shares of the company's stock worth $7,573,000 after purchasing an additional 11,423 shares during the last quarter.

New Oriental Education & Technology Group Stock Performance

EDU stock traded down $1.07 during midday trading on Friday, hitting $62.23. 2,927,663 shares of the company's stock were exchanged, compared to its average volume of 1,392,012. New Oriental Education & Technology Group Inc. has a one year low of $54.00 and a one year high of $98.20. The company has a market cap of $10.56 billion, a PE ratio of 26.59 and a beta of 0.46. The stock's fifty day moving average price is $64.77 and its 200-day moving average price is $68.91.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last released 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. New Oriental Education & Technology Group had a return on equity of 9.43% and a net margin of 8.38%. The business had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.45 billion. During the same quarter in the previous year, the business posted $0.99 EPS. New Oriental Education & Technology Group's revenue for the quarter was up 30.5% on a year-over-year basis. On average, analysts expect that New Oriental Education & Technology Group Inc. will post 2.94 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Morgan Stanley set a $83.00 target price on New Oriental Education & Technology Group in a research note on Thursday, October 17th. StockNews.com upgraded shares of New Oriental Education & Technology Group from a "sell" rating to a "hold" rating in a research report on Thursday, October 24th.

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.