Janus Henderson Group PLC raised its holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 107.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 63,979 shares of the company's stock after acquiring an additional 33,084 shares during the period. Janus Henderson Group PLC's holdings in New Oriental Education & Technology Group were worth $4,100,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of EDU. Aspex Management HK Ltd raised its holdings in New Oriental Education & Technology Group by 56.8% in the 4th quarter. Aspex Management HK Ltd now owns 7,454,906 shares of the company's stock valued at $478,456,000 after acquiring an additional 2,701,566 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in New Oriental Education & Technology Group by 61.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,894,541 shares of the company's stock valued at $249,952,000 after acquiring an additional 1,480,391 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in New Oriental Education & Technology Group by 175.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,276,762 shares of the company's stock valued at $146,123,000 after acquiring an additional 1,449,979 shares during the last quarter. Norges Bank acquired a new stake in New Oriental Education & Technology Group in the 4th quarter valued at about $92,345,000. Finally, FMR LLC raised its holdings in New Oriental Education & Technology Group by 46.3% in 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 last quarter.
New Oriental Education & Technology Group Stock Performance
Shares of NYSE EDU traded down $0.49 during midday trading on Friday, reaching $46.47. 562,219 shares of the stock were exchanged, compared to its average volume of 1,778,187. The company has a 50 day simple moving average of $46.80 and a 200 day simple moving average of $52.64. The stock has a market capitalization of $7.89 billion, a P/E ratio of 19.77 and a beta of 0.25. New Oriental Education & Technology Group Inc. has a twelve month low of $40.66 and a twelve month high of $87.26.
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). The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.24 billion. New Oriental Education & Technology Group had a return on equity of 9.48% and a net margin of 8.13%. The firm's quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.63 EPS. On average, research analysts expect that New Oriental Education & Technology Group Inc. will post 2.75 earnings per share for the current year.
Analysts Set New Price Targets
A number of analysts have commented on EDU shares. China Renaissance downgraded shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Wall Street Zen upgraded shares of New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. cut their price target on shares of New Oriental Education & Technology Group from $50.00 to $48.00 and set a "neutral" rating for the company in a report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $60.80.
Read Our Latest Research Report on EDU
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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