SG Americas Securities LLC increased its stake in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU - Free Report) by 330.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 18,265 shares of the company's stock after buying an additional 14,021 shares during the period. SG Americas Securities LLC's holdings in New Oriental Education & Technology Group were worth $873,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. GeoWealth Management LLC boosted its holdings in shares of New Oriental Education & Technology Group by 258.5% during the 4th quarter. GeoWealth Management LLC now owns 441 shares of the company's stock worth $28,000 after buying an additional 318 shares during the period. Westpac Banking Corp bought a new stake in shares of New Oriental Education & Technology Group during the 4th quarter worth about $45,000. SBI Securities Co. Ltd. bought a new stake in shares of New Oriental Education & Technology Group during the 4th quarter worth about $51,000. Natixis boosted its holdings in shares of 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 buying an additional 248 shares during the period. Finally, BNP Paribas bought a new stake in shares of New Oriental Education & Technology Group during the 4th quarter worth about $113,000.
Analysts Set New Price Targets
Several analysts have weighed in on EDU shares. JPMorgan Chase & Co. dropped their price objective on shares of New Oriental Education & Technology Group from $50.00 to $48.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Wall Street Zen upgraded shares of New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. Finally, China Renaissance cut shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $48.50.
Check Out Our Latest Research Report on EDU
New Oriental Education & Technology Group Stock Down 0.7%
Shares of NYSE:EDU traded down $0.32 during midday trading on Friday, hitting $46.63. The stock had a trading volume of 445,358 shares, compared to its average volume of 1,740,160. The company's 50-day moving average price is $47.20 and its 200-day moving average price is $51.12. The company has a market capitalization of $7.91 billion, a P/E ratio of 19.68 and a beta of 0.25. New Oriental Education & Technology Group, Inc. has a fifty-two week low of $40.66 and a fifty-two week high of $87.26.
New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last released 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 company 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 9.91% and a net margin of 8.17%. 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 in the prior year, the company earned $0.63 earnings per share. Research analysts expect that New Oriental Education & Technology Group, Inc. will post 2.75 EPS for the current fiscal year.
About New Oriental Education & Technology Group
(
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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