Goldman Sachs Group Inc. lifted its position in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU – Free Report) by 37.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,374,408 shares of the company’s stock after buying an additional 646,122 shares during the period. Goldman Sachs Group Inc. owned approximately 1.40% of New Oriental Education & Technology Group worth $173,997,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in EDU. FMR LLC increased its holdings in New Oriental Education & Technology Group by 92.7% in the 3rd quarter. FMR LLC now owns 6,631,500 shares of the company’s stock valued at $388,274,000 after purchasing an additional 3,189,254 shares in the last quarter. Sylebra Capital LLC acquired a new stake in New Oriental Education & Technology Group in the 3rd quarter valued at $63,935,000. Shah Capital Management acquired a new stake in New Oriental Education & Technology Group in the 4th quarter valued at $60,659,000. Schroder Investment Management Group increased its holdings in New Oriental Education & Technology Group by 22.8% in the 3rd quarter. Schroder Investment Management Group now owns 4,094,455 shares of the company’s stock valued at $239,730,000 after purchasing an additional 760,062 shares in the last quarter. Finally, UBS Group AG grew its stake in shares of New Oriental Education & Technology Group by 557.4% during the fourth quarter. UBS Group AG now owns 862,911 shares of the company’s stock valued at $63,234,000 after acquiring an additional 731,652 shares in the last quarter.
New Oriental Education & Technology Group Stock Performance
Shares of EDU stock opened at $77.53 on Friday. New Oriental Education & Technology Group Inc. has a one year low of $36.22 and a one year high of $98.20. The company’s 50-day simple moving average is $83.26 and its 200-day simple moving average is $82.30. The stock has a market capitalization of $13.16 billion, a price-to-earnings ratio of 41.68 and a beta of 0.48.
New Oriental Education & Technology Group (NYSE:EDU – Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, missing the consensus estimate 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 company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.09 billion. As a group, research analysts forecast that New Oriental Education & Technology Group Inc. will post 1.86 EPS for the current year.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on EDU shares. HSBC started coverage on New Oriental Education & Technology Group in a research note on Wednesday, May 29th. They set a “buy” rating and a $110.00 target price for the company. Morgan Stanley raised their target price on New Oriental Education & Technology Group from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Finally, Citigroup raised their target price on New Oriental Education & Technology Group from $66.00 to $127.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $100.75.
Check Out Our Latest Analysis on EDU
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.
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Source: defenseworld.net
