Hsbc Holdings PLC boosted its position in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 31.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 525,101 shares of the company's stock after acquiring an additional 126,255 shares during the period. Hsbc Holdings PLC owned 0.31% of New Oriental Education & Technology Group worth $33,404,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Natixis boosted its holdings in New Oriental Education & Technology Group by 39.2% in the fourth 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 grew its position in New Oriental Education & Technology Group by 258.5% in the 4th quarter. GeoWealth Management LLC now owns 441 shares of the company's stock worth $28,000 after purchasing an additional 318 shares during the period. Marshall Wace LLP increased its position in shares of New Oriental Education & Technology Group by 14.3% during the 4th quarter. Marshall Wace LLP now owns 174,717 shares of the company's stock valued at $11,213,000 after purchasing an additional 21,815 shares during the last quarter. Serenity Capital Management PTE. LTD. purchased a new stake in shares of New Oriental Education & Technology Group in the 4th quarter worth $2,142,000. Finally, Barclays PLC increased its holdings in New Oriental Education & Technology Group by 8,438.4% in the 4th quarter. Barclays PLC now owns 95,716 shares of the company's stock worth $6,142,000 after acquiring an additional 94,595 shares in the last quarter.
Wall Street Analyst Weigh In
EDU has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut 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 report on Monday, April 21st. China Renaissance cut shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Macquarie cut shares of New Oriental Education & Technology Group from an "outperform" rating to an "underperform" rating and lowered their price target for the stock from $79.00 to $44.00 in a report on Wednesday, January 22nd. Citigroup downgraded shares of New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and dropped their target price for the company from $83.00 to $50.00 in a research report on Friday, January 24th. Finally, StockNews.com lowered New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a report on Thursday, March 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $60.80.
View Our Latest Report on New Oriental Education & Technology Group
New Oriental Education & Technology Group Trading Down 0.4 %
NYSE:EDU traded down $0.19 on Thursday, hitting $48.66. 102,518 shares of the stock were exchanged, compared to its average volume of 1,853,381. The stock has a market cap of $8.26 billion, a PE ratio of 20.70 and a beta of 0.37. New Oriental Education & Technology Group Inc. has a fifty-two week low of $40.66 and a fifty-two week high of $89.33. The stock has a fifty day moving average of $46.83 and a 200-day moving average of $54.73.
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 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 company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period in the prior year, the business earned $0.63 earnings per share. New Oriental Education & Technology Group's revenue was down 2.0% on a year-over-year basis. As a group, analysts predict that New Oriental Education & Technology Group Inc. will post 2.75 earnings per share for the current year.
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.
Read More

Before you consider New Oriental Education & Technology Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and New Oriental Education & Technology Group wasn't on the list.
While New Oriental Education & Technology Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.