US Bancorp DE trimmed its holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU – Free Report) by 35.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,352 shares of the company’s stock after selling 4,027 shares during the period. US Bancorp DE’s holdings in New Oriental Education & Technology Group were worth $638,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of EDU. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in New Oriental Education & Technology Group by 141.4% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,608,792 shares of the company’s stock valued at $117,892,000 after acquiring an additional 942,392 shares during the last quarter. Shah Capital Management acquired a new position in New Oriental Education & Technology Group during the fourth quarter worth $60,659,000. UBS Group AG grew its holdings in New Oriental Education & Technology Group by 557.4% in the 4th quarter. UBS Group AG now owns 862,911 shares of the company’s stock valued at $63,234,000 after buying an additional 731,652 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of New Oriental Education & Technology Group by 37.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,374,408 shares of the company’s stock worth $173,997,000 after acquiring an additional 646,122 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new position in shares of New Oriental Education & Technology Group during the 4th quarter worth $35,542,000.
New Oriental Education & Technology Group Stock Down 0.9 %
NYSE EDU opened at $75.65 on Wednesday. New Oriental Education & Technology Group Inc. has a 52 week low of $47.54 and a 52 week high of $98.20. The firm has a 50 day moving average of $77.87 and a two-hundred day moving average of $82.64. The stock has a market capitalization of $12.84 billion, a PE ratio of 40.67 and a beta of 0.44.
New Oriental Education & Technology Group (NYSE:EDU – Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 earnings per share 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 analysts’ expectations of $1.09 billion. On average, equities research analysts expect that New Oriental Education & Technology Group Inc. will post 1.86 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. HSBC began 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 objective for the company. Morgan Stanley upped their price target 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 boosted their price objective on shares of New Oriental Education & Technology Group from $66.00 to $127.00 and gave the company a “buy” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $100.75.
Get Our Latest Report on New Oriental Education & Technology Group
New Oriental Education & Technology Group 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.
Featured Articles
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
