US Bancorp DE raised its position in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU – Free Report) by 23.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,379 shares of the company’s stock after purchasing an additional 2,126 shares during the period. US Bancorp DE’s holdings in New Oriental Education & Technology Group were worth $834,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of EDU. Headlands Technologies LLC boosted its stake in New Oriental Education & Technology Group by 188.6% during the 3rd quarter. Headlands Technologies LLC now owns 7,438 shares of the company’s stock valued at $435,000 after purchasing an additional 4,861 shares during the period. Deutsche Bank AG raised its position in shares of New Oriental Education & Technology Group by 2.8% during the 3rd quarter. Deutsche Bank AG now owns 22,572 shares of the company’s stock worth $1,322,000 after buying an additional 605 shares in the last quarter. HAP Trading LLC raised its position in shares of New Oriental Education & Technology Group by 73.5% during the 3rd quarter. HAP Trading LLC now owns 21,430 shares of the company’s stock worth $1,255,000 after buying an additional 9,080 shares in the last quarter. FMR LLC raised its position in shares of New Oriental Education & Technology Group by 92.7% during the 3rd quarter. FMR LLC now owns 6,631,500 shares of the company’s stock worth $388,274,000 after buying an additional 3,189,254 shares in the last quarter. Finally, Clearbridge Investments LLC raised its position in shares of New Oriental Education & Technology Group by 14.7% during the 3rd quarter. Clearbridge Investments LLC now owns 65,002 shares of the company’s stock worth $3,806,000 after buying an additional 8,306 shares in the last quarter.
Analysts Set New Price Targets
EDU has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on shares of New Oriental Education & Technology Group from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Citigroup boosted their price target on shares of New Oriental Education & Technology Group from $66.00 to $127.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Finally, HSBC initiated coverage on shares of New Oriental Education & Technology Group in a research report on Wednesday, May 29th. They set a “buy” rating and a $110.00 price target on the stock. One investment 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.75.
Read Our Latest Research Report on EDU
New Oriental Education & Technology Group Price Performance
NYSE EDU opened at $77.01 on Wednesday. The company’s 50 day simple moving average is $83.85 and its 200 day simple moving average is $82.31. New Oriental Education & Technology Group Inc. has a 12 month low of $36.22 and a 12 month high of $98.20. The company has a market capitalization of $13.07 billion, a P/E ratio of 41.40 and a beta of 0.48.
New Oriental Education & Technology Group (NYSE:EDU – Get Free Report) last released its earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06). New Oriental Education & Technology Group had a return on equity of 8.11% and a net margin of 7.72%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.09 billion. On average, analysts anticipate that New Oriental Education & Technology Group Inc. will post 1.86 earnings per share for the current year.
New Oriental Education & Technology Group Company 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.
Read More
Want to see what other hedge funds are holding EDU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for New Oriental Education & Technology Group Inc. (NYSE:EDU – Free Report).
Receive News & Ratings for New Oriental Education & Technology Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for New Oriental Education & Technology Group and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: defenseworld.net
