DekaBank Deutsche Girozentrale increased its position in New Oriental Education & Technology Group, Inc. (NYSE:EDU - Free Report) by 62.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,000 shares of the company's stock after acquiring an additional 5,000 shares during the period. 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 hedge funds also recently added to or reduced their stakes in the company. GeoWealth Management LLC increased its holdings in shares of New Oriental Education & Technology Group by 258.5% in the 4th quarter. GeoWealth Management LLC now owns 441 shares of the company's stock worth $28,000 after purchasing an additional 318 shares in the last quarter. Westpac Banking Corp purchased a new stake in shares of New Oriental Education & Technology Group during the fourth quarter valued at $45,000. Natixis increased its holdings in New Oriental Education & Technology Group by 39.2% in the 4th quarter. Natixis now owns 881 shares of the company's stock worth $57,000 after buying an additional 248 shares in the last quarter. BNP Paribas bought a new stake in New Oriental Education & Technology Group in the 4th quarter worth about $113,000. Finally, LMR Partners LLP bought a new stake in New Oriental Education & Technology Group in the 4th quarter worth about $211,000.
Analyst Ratings Changes
Several equities research analysts recently commented on the company. Citigroup upgraded New Oriental Education & Technology Group from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $77.00 to $50.00 in a report on Friday, June 27th. Wall Street Zen upgraded New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a report on Monday, May 5th. JPMorgan Chase & Co. upgraded New Oriental Education & Technology Group from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $48.00 to $62.00 in a report on Tuesday, June 24th. Finally, China Renaissance downgraded New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, New Oriental Education & Technology Group currently has a consensus rating of "Hold" and an average price target of $52.00.
View Our Latest Analysis on EDU
New Oriental Education & Technology Group Stock Up 0.1%
Shares of New Oriental Education & Technology Group stock traded up $0.05 during trading hours on Thursday, reaching $50.17. 875,284 shares of the stock traded hands, compared to its average volume of 1,725,428. The company has a 50 day moving average price of $49.33 and a 200 day moving average price of $49.86. The firm has a market capitalization of $8.51 billion, a price-to-earnings ratio of 21.17 and a beta of 0.28. New Oriental Education & Technology Group, Inc. has a one year low of $40.66 and a one year high of $87.26.
New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last released 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). The firm 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 8.17% and a return on equity of 9.91%. The company's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.63 earnings per share. Sell-side analysts anticipate that New Oriental Education & Technology Group, Inc. will post 2.75 earnings per share for the current year.
New Oriental Education & Technology Group Profile
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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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