Pekin Hardy Strauss Inc. bought a new stake in New Oriental Education & Technology Group, Inc. (NYSE:EDU - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,200 shares of the company's stock, valued at approximately $344,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GeoWealth Management LLC increased its holdings 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 buying an additional 318 shares in the last quarter. Westpac Banking Corp acquired a new stake in New Oriental Education & Technology Group during the 4th quarter worth $45,000. SBI Securities Co. Ltd. acquired a new stake in New Oriental Education & Technology Group during the 4th quarter worth $51,000. Natixis grew 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 worth $57,000 after acquiring an additional 248 shares during the period. Finally, BNP Paribas acquired a new stake in New Oriental Education & Technology Group during the 4th quarter worth $113,000.
Analysts Set New Price Targets
EDU has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised shares of New Oriental Education & Technology Group from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $48.00 to $62.00 in a report on Tuesday, June 24th. China Renaissance cut shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Wall Street Zen raised shares of New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. Finally, Citigroup raised shares of New Oriental Education & Technology Group from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $77.00 to $50.00 in a research report on Friday, June 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, New Oriental Education & Technology Group currently has a consensus rating of "Hold" and a consensus target price of $52.00.
View Our Latest Stock Report on New Oriental Education & Technology Group
New Oriental Education & Technology Group Trading Up 2.1%
EDU opened at $51.74 on Wednesday. The stock has a market capitalization of $8.78 billion, a P/E ratio of 21.83 and a beta of 0.28. New Oriental Education & Technology Group, Inc. has a 12 month low of $40.66 and a 12 month high of $87.26. The firm's fifty day simple moving average is $48.93 and its 200 day simple moving average is $50.35.
New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last issued 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 for the quarter, compared to the consensus estimate of $1.24 billion. During the same period last year, the firm earned $0.63 earnings per share. The company's quarterly 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 EPS for the current fiscal year.
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.
See Also
Want to see what other hedge funds are holding EDU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for New Oriental Education & Technology Group, Inc. (NYSE:EDU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider New Oriental Education & Technology Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and New Oriental Education & Technology Group wasn't on the list.
While New Oriental Education & Technology Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.