Sylebra Capital LLC Decreases Stock Holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Sylebra Capital LLC reduced its holdings in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 9.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 331,666 shares of the company's stock after selling 35,179 shares during the quarter. New Oriental Education & Technology Group comprises 0.6% of Sylebra Capital LLC's investment portfolio, making the stock its 23rd biggest position. Sylebra Capital LLC owned about 0.20% of New Oriental Education & Technology Group worth $21,286,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Aspex Management HK Ltd grew its holdings in New Oriental Education & Technology Group by 56.8% during the 4th quarter. Aspex Management HK Ltd now owns 7,454,906 shares of the company's stock valued at $478,456,000 after buying an additional 2,701,566 shares in the last quarter. FMR LLC boosted its position in shares of New Oriental Education & Technology Group by 46.3% in the fourth quarter. FMR LLC now owns 4,539,678 shares of the company's stock valued at $291,357,000 after acquiring an additional 1,437,656 shares during the period. Price T Rowe Associates Inc. MD grew its stake in New Oriental Education & Technology Group by 61.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,894,541 shares of the company's stock valued at $249,952,000 after acquiring an additional 1,480,391 shares in the last quarter. Schroder Investment Management Group increased its holdings in New Oriental Education & Technology Group by 17.2% during the 4th quarter. Schroder Investment Management Group now owns 3,019,859 shares of the company's stock worth $193,815,000 after acquiring an additional 442,656 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in New Oriental Education & Technology Group by 175.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,276,762 shares of the company's stock worth $146,123,000 after purchasing an additional 1,449,979 shares in the last quarter.

New Oriental Education & Technology Group Trading Down 1.0%

Shares of New Oriental Education & Technology Group stock traded down $0.49 on Monday, hitting $46.47. 562,219 shares of the company traded hands, compared to its average volume of 1,778,187. 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 50-day simple moving average is $46.80 and its 200 day simple moving average is $52.64. The company has a market cap of $7.89 billion, a P/E ratio of 19.77 and a beta of 0.25.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.06). The firm 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 9.48% and a net margin of 8.13%. The company's revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the firm earned $0.63 EPS. Analysts predict that New Oriental Education & Technology Group Inc. will post 2.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased 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. Wall Street Zen upgraded 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 New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $60.80.

New Oriental Education & Technology Group Profile

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.