SG Americas Securities LLC Purchases 14,021 Shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU)

SG Americas Securities LLC grew its holdings in New Oriental Education & Technology Group, Inc. (NYSE:EDU - Free Report) by 330.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,265 shares of the company's stock after acquiring an additional 14,021 shares during the quarter. SG Americas Securities LLC's holdings in New Oriental Education & Technology Group were worth $873,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of EDU. GeoWealth Management LLC increased its stake 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 worth $28,000 after purchasing an additional 318 shares in the last quarter. Westpac Banking Corp acquired a new position in shares of New Oriental Education & Technology Group in the fourth quarter valued at approximately $45,000. SBI Securities Co. Ltd. bought a new stake in shares of New Oriental Education & Technology Group during the fourth quarter worth $51,000. Natixis increased its position in shares of New Oriental Education & Technology Group by 39.2% during the fourth quarter. Natixis now owns 881 shares of the company's stock worth $57,000 after acquiring an additional 248 shares in the last quarter. Finally, BNP Paribas acquired a new stake in shares of New Oriental Education & Technology Group during the fourth quarter worth $113,000.

New Oriental Education & Technology Group Stock Down 0.7%

EDU traded down $0.32 during trading hours on Friday, hitting $46.63. 445,358 shares of the company's stock were exchanged, compared to its average volume of 1,740,160. The stock has a market cap of $7.91 billion, a price-to-earnings ratio of 19.68 and a beta of 0.25. New Oriental Education & Technology Group, Inc. has a 1-year low of $40.66 and a 1-year high of $87.26. The stock's 50-day moving average is $47.20 and its two-hundred day moving average is $51.12.

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). The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.24 billion. New Oriental Education & Technology Group had a return on equity of 9.91% and a net margin of 8.17%. The company's quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the firm earned $0.63 earnings per share. On average, equities research analysts anticipate that New Oriental Education & Technology Group, Inc. will post 2.75 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EDU. JPMorgan Chase & Co. reduced their target price 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. China Renaissance lowered New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, Wall Street Zen raised New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $48.50.

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.