Northern Trust Corp Buys 90,384 Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU)

Northern Trust Corp boosted its stake in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 265.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,469 shares of the company's stock after acquiring an additional 90,384 shares during the quarter. Northern Trust Corp owned 0.07% of New Oriental Education & Technology Group worth $7,988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Boothbay Fund Management LLC purchased a new stake in New Oriental Education & Technology Group during the 4th quarter valued at about $2,369,000. Price T Rowe Associates Inc. MD raised its holdings in New Oriental Education & Technology Group by 61.3% during 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 buying an additional 1,480,391 shares during the last quarter. Hsbc Holdings PLC raised its holdings in New Oriental Education & Technology Group by 31.7% during the 4th quarter. Hsbc Holdings PLC now owns 525,101 shares of the company's stock valued at $33,404,000 after buying an additional 126,255 shares during the last quarter. Natixis raised its holdings in New Oriental Education & Technology Group by 39.2% during the 4th quarter. Natixis now owns 881 shares of the company's stock valued at $57,000 after buying an additional 248 shares during the last quarter. Finally, GeoWealth Management LLC raised its holdings in New Oriental Education & Technology Group by 258.5% during the 4th quarter. GeoWealth Management LLC now owns 441 shares of the company's stock valued at $28,000 after buying an additional 318 shares during the last quarter.

New Oriental Education & Technology Group Trading Down 1.4%

EDU traded down $0.70 during trading on Wednesday, reaching $47.54. The stock had a trading volume of 935,824 shares, compared to its average volume of 1,776,155. The stock's 50 day moving average is $47.00 and its two-hundred day moving average is $52.96. The company has a market capitalization of $8.07 billion, a price-to-earnings ratio of 20.23 and a beta of 0.25. 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 posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.24 billion. New Oriental Education & Technology Group had a return on equity of 9.48% and a net margin of 8.13%. New Oriental Education & Technology Group's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.63 EPS. 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 Upgrades and Downgrades

A number of research analysts recently issued reports on the company. StockNews.com upgraded New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a report on Monday, May 5th. Macquarie downgraded New Oriental Education & Technology Group from an "outperform" rating to an "underperform" rating and reduced their price target for the company from $79.00 to $44.00 in a report on Wednesday, January 22nd. China Renaissance cut shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Morgan Stanley cut shares of New Oriental Education & Technology Group from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $83.00 to $52.00 in a report on Wednesday, January 22nd. 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 on the stock in a report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $60.80.

About New Oriental Education & Technology Group

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.