Wellington Management Group LLP increased its holdings in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 57.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 627,686 shares of the company's stock after acquiring an additional 230,140 shares during the period. Wellington Management Group LLP owned about 0.37% of New Oriental Education & Technology Group worth $40,285,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of EDU. Aspex Management HK Ltd increased 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 worth $478,456,000 after purchasing an additional 2,701,566 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of New Oriental Education & Technology Group by 61.3% in the 4th 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 during the period. JPMorgan Chase & Co. increased its holdings in shares of 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 valued at $146,123,000 after acquiring an additional 1,449,979 shares during the period. Norges Bank purchased a new position in shares of New Oriental Education & Technology Group in the 4th quarter valued at $92,345,000. Finally, FMR LLC increased its holdings in shares of New Oriental Education & Technology Group by 46.3% in the 4th 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.
New Oriental Education & Technology Group Stock Performance
Shares of New Oriental Education & Technology Group stock traded up $0.70 on Wednesday, hitting $46.61. The company's stock had a trading volume of 442,068 shares, compared to its average volume of 1,764,390. New Oriental Education & Technology Group Inc. has a 1 year low of $40.66 and a 1 year high of $87.26. The firm has a fifty day moving average price of $46.51 and a 200-day moving average price of $52.16. The company has a market capitalization of $7.91 billion, a price-to-earnings ratio of 19.83 and a beta of 0.25.
New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last posted its quarterly earnings data 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 9.48% and a net margin of 8.13%. The firm had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.24 billion. During the same quarter last year, the firm posted $0.63 earnings per share. New Oriental Education & Technology Group's quarterly revenue was down 2.0% on a year-over-year basis. As a group, analysts forecast that New Oriental Education & Technology Group Inc. will post 2.75 EPS for the current year.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on EDU shares. JPMorgan Chase & Co. lowered their price objective on New Oriental Education & Technology Group from $50.00 to $48.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. 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. Finally, China Renaissance cut New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, New Oriental Education & Technology Group has an average rating of "Hold" and a consensus price target of $48.50.
Check Out Our Latest Report on EDU
New Oriental Education & Technology Group 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.
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