Massachusetts Financial Services Co. MA boosted its stake in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU - Free Report) by 65.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,791 shares of the company's stock after acquiring an additional 18,579 shares during the quarter. Massachusetts Financial Services Co. MA's holdings in New Oriental Education & Technology Group were worth $2,237,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Natixis lifted its stake in shares of New Oriental Education & Technology Group by 39.2% in the 4th quarter. Natixis now owns 881 shares of the company's stock valued at $57,000 after purchasing an additional 248 shares during the last quarter. GeoWealth Management LLC grew its stake 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 valued at $28,000 after purchasing an additional 318 shares during the last quarter. Westpac Banking Corp purchased a new position in shares of New Oriental Education & Technology Group in the 4th quarter valued at approximately $45,000. Corient Private Wealth LLC grew its stake in shares of New Oriental Education & Technology Group by 27.4% in the 4th quarter. Corient Private Wealth LLC now owns 3,685 shares of the company's stock valued at $237,000 after purchasing an additional 792 shares during the last quarter. Finally, Quantinno Capital Management LP grew its stake in shares of New Oriental Education & Technology Group by 25.7% in the 4th quarter. Quantinno Capital Management LP now owns 4,031 shares of the company's stock valued at $259,000 after purchasing an additional 824 shares during the last quarter.
New Oriental Education & Technology Group Price Performance
EDU stock traded down $2.15 during trading on Thursday, reaching $45.47. 720,011 shares of the stock traded hands, compared to its average volume of 1,514,357. New Oriental Education & Technology Group, Inc. has a 52-week low of $40.66 and a 52-week high of $87.26. The business's 50 day moving average price is $49.26 and its 200-day moving average price is $49.44. The firm has a market capitalization of $7.72 billion, a PE ratio of 19.14 and a beta of 0.28.
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 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 9.91% and a net margin of 8.17%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter last year, the firm posted $0.63 EPS. The company's revenue was down 2.0% compared to the same quarter last year. On average, equities research analysts predict that New Oriental Education & Technology Group, Inc. will post 2.75 earnings per share for the current year.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. Citigroup raised 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 raised New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. raised New Oriental Education & Technology Group from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $48.00 to $62.00 in a report on Tuesday, June 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $52.00.
View Our Latest Stock Report on New Oriental Education & Technology Group
New Oriental Education & Technology Group Company 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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