4. QUALITY EDUCATION

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

Written by Amanda

Citigroup Inc. cut its stake in shares of New Oriental Education & Technology Group Inc. (NYSE:EDUFree Report) by 82.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,887 shares of the company’s stock after selling 22,578 shares during the period. Citigroup Inc.’s holdings in New Oriental Education & Technology Group were worth $286,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Eaton Vance Management boosted its position in New Oriental Education & Technology Group by 306.7% during the first quarter. Eaton Vance Management now owns 22,543 shares of the company’s stock valued at $26,000 after acquiring an additional 17,000 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of New Oriental Education & Technology Group in the 1st quarter worth about $46,000. Atlas Capital Advisors LLC acquired a new stake in shares of New Oriental Education & Technology Group in the 1st quarter worth about $51,000. Royal Bank of Canada increased its stake in New Oriental Education & Technology Group by 13.6% in the 1st quarter. Royal Bank of Canada now owns 44,215 shares of the company’s stock valued at $51,000 after buying an additional 5,299 shares during the last quarter. Finally, 1832 Asset Management L.P. purchased a new stake in New Oriental Education & Technology Group in the 4th quarter valued at about $59,000.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th.

Read Our Latest Report on EDU

New Oriental Education & Technology Group Stock Performance

New Oriental Education & Technology Group stock opened at $88.72 on Wednesday. The firm’s fifty day moving average price is $86.85 and its 200-day moving average price is $74.74. The stock has a market cap of $15.06 billion, a P/E ratio of 48.75 and a beta of 0.50. New Oriental Education & Technology Group Inc. has a fifty-two week low of $35.70 and a fifty-two week high of $98.20.

New Oriental Education & Technology Group (NYSE:EDUGet Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.23). The company had revenue of $869.60 million for the quarter, compared to analysts’ expectations of $814.01 million. New Oriental Education & Technology Group had a net margin of 8.54% and a return on equity of 7.97%. The business’s quarterly revenue was up 36.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.01 EPS. On average, analysts predict that New Oriental Education & Technology Group Inc. will post 2 earnings per share for the current year.

New Oriental Education & Technology Group Profile

(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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Institutional Ownership by Quarter for New Oriental Education & Technology Group (NYSE:EDU)

Before you consider New Oriental Education & Technology Group, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and New Oriental Education & Technology Group wasn’t on the list.

While New Oriental Education & Technology Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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Source: marketbeat.com

Citigroup Inc. cut its stake in shares of New Oriental Education & Technology Group Inc. (NYSE:EDUFree Report) by 82.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,887 shares of the company’s stock after selling 22,578 shares during the period. Citigroup Inc.’s holdings in New Oriental Education & Technology Group were worth $286,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Eaton Vance Management boosted its position in New Oriental Education & Technology Group by 306.7% during the first quarter. Eaton Vance Management now owns 22,543 shares of the company’s stock valued at $26,000 after acquiring an additional 17,000 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of New Oriental Education & Technology Group in the 1st quarter worth about $46,000. Atlas Capital Advisors LLC acquired a new stake in shares of New Oriental Education & Technology Group in the 1st quarter worth about $51,000. Royal Bank of Canada increased its stake in New Oriental Education & Technology Group by 13.6% in the 1st quarter. Royal Bank of Canada now owns 44,215 shares of the company’s stock valued at $51,000 after buying an additional 5,299 shares during the last quarter. Finally, 1832 Asset Management L.P. purchased a new stake in New Oriental Education & Technology Group in the 4th quarter valued at about $59,000.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th.

Read Our Latest Report on EDU

New Oriental Education & Technology Group Stock Performance

New Oriental Education & Technology Group stock opened at $88.72 on Wednesday. The firm’s fifty day moving average price is $86.85 and its 200-day moving average price is $74.74. The stock has a market cap of $15.06 billion, a P/E ratio of 48.75 and a beta of 0.50. New Oriental Education & Technology Group Inc. has a fifty-two week low of $35.70 and a fifty-two week high of $98.20.

New Oriental Education & Technology Group (NYSE:EDUGet Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.23). The company had revenue of $869.60 million for the quarter, compared to analysts’ expectations of $814.01 million. New Oriental Education & Technology Group had a net margin of 8.54% and a return on equity of 7.97%. The business’s quarterly revenue was up 36.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.01 EPS. On average, analysts predict that New Oriental Education & Technology Group Inc. will post 2 earnings per share for the current year.

New Oriental Education & Technology Group Profile

(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.

Recommended Stories

Institutional Ownership by Quarter for New Oriental Education & Technology Group (NYSE:EDU)

Before you consider New Oriental Education & Technology Group, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and New Oriental Education & Technology Group wasn’t on the list.

While New Oriental Education & Technology Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Beginners Guide To Retirement Stocks Cover

Click the link below and we’ll send you MarketBeat’s list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report

Source: marketbeat.com

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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