BNP Paribas Financial Markets Acquires New Shares in New Oriental Education & Technology Group Inc. (NYSE:EDU)

BNP Paribas Financial Markets bought a new stake in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 87,283 shares of the company's stock, valued at approximately $5,602,000. BNP Paribas Financial Markets owned about 0.05% of New Oriental Education & Technology Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EDU. GeoWealth Management LLC increased its position in shares of New Oriental Education & Technology Group by 258.5% during the fourth quarter. GeoWealth Management LLC now owns 441 shares of the company's stock worth $28,000 after buying an additional 318 shares during the period. Westpac Banking Corp acquired a new stake in shares of New Oriental Education & Technology Group during the fourth quarter worth $45,000. SBI Securities Co. Ltd. acquired a new stake in shares of New Oriental Education & Technology Group during the fourth quarter worth $51,000. Natixis increased its position in shares of New Oriental Education & Technology Group by 39.2% during the fourth quarter. Natixis now owns 881 shares of the company's stock worth $57,000 after buying an additional 248 shares during the period. Finally, Empowered Funds LLC bought a new position in New Oriental Education & Technology Group during the fourth quarter worth $138,000.

New Oriental Education & Technology Group Trading Down 0.7%

NYSE EDU traded down $0.36 during trading hours on Monday, hitting $48.26. The company's stock had a trading volume of 512,196 shares, compared to its average volume of 1,778,584. New Oriental Education & Technology Group Inc. has a 52 week low of $40.66 and a 52 week high of $87.26. The company has a market capitalization of $8.19 billion, a PE ratio of 20.54 and a beta of 0.25. The company's 50-day simple moving average is $47.06 and its two-hundred day simple moving average is $53.03.

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on EDU shares. Macquarie lowered shares of New Oriental Education & Technology Group from an "outperform" rating to an "underperform" rating and cut their target price for the stock from $79.00 to $44.00 in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. cut their target price on shares of New Oriental Education & Technology Group from $50.00 to $48.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Morgan Stanley lowered shares of New Oriental Education & Technology Group from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $83.00 to $52.00 in a research note on Wednesday, January 22nd. China Renaissance lowered shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, StockNews.com raised shares of New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $60.80.

New Oriental Education & Technology Group Profile

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.