DekaBank Deutsche Girozentrale boosted its position in New Oriental Education & Technology Group, Inc. (NYSE:EDU - Free Report) by 62.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,000 shares of the company's stock after purchasing an additional 5,000 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in New Oriental Education & Technology Group were worth $601,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. GeoWealth Management LLC grew its stake 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 acquiring an additional 318 shares during the last quarter. Westpac Banking Corp purchased a new stake in shares of New Oriental Education & Technology Group during the fourth quarter worth about $45,000. Natixis grew its stake 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 acquiring an additional 248 shares during the last quarter. BNP Paribas purchased a new stake in shares of New Oriental Education & Technology Group during the fourth quarter worth about $113,000. Finally, LMR Partners LLP purchased a new stake in shares of New Oriental Education & Technology Group during the fourth quarter worth about $211,000.
New Oriental Education & Technology Group Trading Down 1.2%
Shares of NYSE:EDU opened at $52.30 on Monday. New Oriental Education & Technology Group, Inc. has a 12-month low of $40.66 and a 12-month high of $87.26. The company has a market capitalization of $8.88 billion, a PE ratio of 22.07 and a beta of 0.28. The business has a 50 day moving average of $49.13 and a two-hundred day moving average of $50.02.
New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by ($0.06). New Oriental Education & Technology Group had a net margin of 8.17% and a return on equity of 9.91%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period in the previous year, the firm posted $0.63 earnings per share. The company's revenue was down 2.0% compared to the same quarter last year. Equities research analysts predict that New Oriental Education & Technology Group, Inc. will post 2.75 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. Wall Street Zen upgraded New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. Citigroup upgraded New Oriental Education & Technology Group from a "neutral" rating to a "buy" rating and dropped their target price for the company from $77.00 to $50.00 in a research report on Friday, June 27th. JPMorgan Chase & Co. upgraded New Oriental Education & Technology Group from a "neutral" rating to an "overweight" rating and upped their target price for the company from $48.00 to $62.00 in a research report on Tuesday, June 24th. Finally, China Renaissance lowered New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $52.00.
Get Our Latest Analysis on New Oriental Education & Technology Group
New Oriental Education & Technology Group Company Profile
(
Free Report)
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.
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