New Oriental Education & Technology Group Inc. (NYSE:EDU) Shares Purchased by Barclays PLC

Barclays PLC grew its position in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 8,438.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,716 shares of the company's stock after buying an additional 94,595 shares during the quarter. Barclays PLC owned 0.06% of New Oriental Education & Technology Group worth $6,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of EDU. FMR LLC grew its position in shares of New Oriental Education & Technology Group by 46.3% during the 4th quarter. FMR LLC now owns 4,539,678 shares of the company's stock valued at $291,357,000 after acquiring an additional 1,437,656 shares during the period. Schroder Investment Management Group increased its holdings in shares of New Oriental Education & Technology Group by 17.2% in the fourth quarter. Schroder Investment Management Group now owns 3,019,859 shares of the company's stock worth $193,815,000 after purchasing an additional 442,656 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of New Oriental Education & Technology Group by 175.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,276,762 shares of the company's stock worth $146,123,000 after buying an additional 1,449,979 shares in the last quarter. Norges Bank bought a new position in New Oriental Education & Technology Group during the fourth quarter valued at approximately $92,345,000. Finally, FIL Ltd increased its stake in New Oriental Education & Technology Group by 9.4% in the 4th quarter. FIL Ltd now owns 1,318,432 shares of the company's stock worth $84,617,000 after acquiring an additional 113,715 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of New Oriental Education & Technology Group from $50.00 to $48.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. China Renaissance downgraded New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Morgan Stanley lowered shares of New Oriental Education & Technology Group from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $83.00 to $52.00 in a report on Wednesday, January 22nd. Citigroup lowered shares of New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $83.00 to $50.00 in a research report on Friday, January 24th. Finally, Macquarie lowered New Oriental Education & Technology Group from an "outperform" rating to an "underperform" rating and decreased their price target for the stock from $79.00 to $44.00 in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $60.80.

New Oriental Education & Technology Group Stock Performance

New Oriental Education & Technology Group stock traded up $0.06 during midday trading on Thursday, hitting $48.91. 89,204 shares of the company's stock were exchanged, compared to its average volume of 1,833,047. New Oriental Education & Technology Group Inc. has a 12 month low of $40.66 and a 12 month high of $89.33. The company has a market cap of $8.30 billion, a PE ratio of 20.82 and a beta of 0.37. The firm has a 50-day moving average of $46.83 and a two-hundred day moving average of $54.73.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.06). The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.24 billion. New Oriental Education & Technology Group had a net margin of 8.13% and a return on equity of 9.48%. During the same period last year, the business posted $0.63 EPS. The firm's revenue was down 2.0% compared to the same quarter last year. As a group, equities analysts expect that New Oriental Education & Technology Group Inc. will post 2.75 earnings per share for the current year.

About New Oriental Education & Technology Group

New Oriental Education & Technology Group, Inc is a holding company, which engages in the provision of private educational services. It operates through the following segments: Educational Services and Test Preparation Courses, Private Label Products and Livestreaming E-Commerce, Overseas Study Consulting Services, and Educational Materials and Distribution.