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

Sylebra Capital LLC lessened its stake in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 45.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 201,873 shares of the company's stock after selling 164,972 shares during the quarter. New Oriental Education & Technology Group makes up about 0.5% of Sylebra Capital LLC's holdings, making the stock its 23rd largest position. Sylebra Capital LLC owned approximately 0.12% of New Oriental Education & Technology Group worth $12,956,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of EDU. Connor Clark & Lunn Investment Management Ltd. lifted its stake in New Oriental Education & Technology Group by 1.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,457 shares of the company's stock valued at $1,377,000 after purchasing an additional 247 shares during the last quarter. Natixis raised its holdings in shares of New Oriental Education & Technology Group by 39.2% in the 4th quarter. Natixis now owns 881 shares of the company's stock valued at $57,000 after acquiring an additional 248 shares in the last quarter. GeoWealth Management LLC raised 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 valued at $28,000 after buying an additional 318 shares in the last quarter. Westpac Banking Corp purchased a new position in New Oriental Education & Technology Group in the 4th quarter worth approximately $45,000. Finally, Blue Trust Inc. increased its stake in New Oriental Education & Technology Group by 37.8% in the 4th quarter. Blue Trust Inc. now owns 2,827 shares of the company's stock worth $181,000 after purchasing an additional 775 shares during the period.

Wall Street Analyst Weigh In

EDU has been the topic of a number of analyst reports. China Renaissance cut New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Wall Street Zen upgraded New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. cut their price objective on New Oriental Education & Technology Group from $50.00 to $48.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $60.80.

New Oriental Education & Technology Group Stock Up 3.8%

Shares of NYSE:EDU traded up $1.78 during midday trading on Thursday, reaching $49.14. The company's stock had a trading volume of 1,200,347 shares, compared to its average volume of 1,771,741. The firm has a market capitalization of $8.34 billion, a P/E ratio of 20.91 and a beta of 0.25. New Oriental Education & Technology Group Inc. has a 12-month low of $40.66 and a 12-month high of $87.26. The firm has a 50 day moving average of $46.52 and a 200-day moving average of $52.47.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last announced 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 analysts' expectations of $1.24 billion. New Oriental Education & Technology Group had a net margin of 8.13% and a return on equity of 9.48%. The firm's quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.63 EPS. On average, research analysts predict that New Oriental Education & Technology Group Inc. will post 2.75 EPS for the current year.

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.