New Oriental Education & Technology Group Inc. (NYSE:EDU) Holdings Increased by OLP CAPITAL MANAGEMENT Ltd

OLP CAPITAL MANAGEMENT Ltd grew its holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 28.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 923,306 shares of the company's stock after purchasing an additional 206,073 shares during the period. New Oriental Education & Technology Group comprises about 7.5% of OLP CAPITAL MANAGEMENT Ltd's investment portfolio, making the stock its 4th biggest holding. OLP CAPITAL MANAGEMENT Ltd owned 0.54% of New Oriental Education & Technology Group worth $59,258,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. increased its holdings in New Oriental Education & Technology Group by 1.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,457 shares of the company's stock worth $1,377,000 after buying an additional 247 shares in the last quarter. Natixis boosted its holdings in shares of New Oriental Education & Technology Group by 39.2% during the 4th quarter. Natixis now owns 881 shares of the company's stock valued at $57,000 after acquiring an additional 248 shares during the last quarter. GeoWealth Management LLC grew its stake in shares of New Oriental Education & Technology Group by 258.5% in the fourth quarter. GeoWealth Management LLC now owns 441 shares of the company's stock worth $28,000 after acquiring an additional 318 shares during the period. Westpac Banking Corp purchased a new position in shares of New Oriental Education & Technology Group during the fourth quarter valued at approximately $45,000. Finally, Blue Trust Inc. raised its holdings in shares of New Oriental Education & Technology Group by 37.8% during the fourth quarter. Blue Trust Inc. now owns 2,827 shares of the company's stock valued at $181,000 after purchasing an additional 775 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EDU. StockNews.com raised shares of New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. China Renaissance lowered New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Citigroup cut New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $83.00 to $50.00 in a research report on Friday, January 24th. Morgan Stanley cut New Oriental Education & Technology Group from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $83.00 to $52.00 in a research report on Wednesday, January 22nd. Finally, Macquarie lowered shares of New Oriental Education & Technology Group from an "outperform" rating to an "underperform" rating and reduced their price target for the company from $79.00 to $44.00 in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $60.80.

New Oriental Education & Technology Group Stock Up 4.5%

Shares of EDU opened at $49.43 on Tuesday. The business has a 50-day simple moving average of $47.01 and a two-hundred day simple moving average of $53.52. New Oriental Education & Technology Group Inc. has a 52 week low of $40.66 and a 52 week high of $89.33. The stock has a market cap of $8.39 billion, a price-to-earnings ratio of 21.03 and a beta of 0.25.

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). New Oriental Education & Technology Group had a net margin of 8.13% and a return on equity of 9.48%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the firm posted $0.63 earnings per share. The company's revenue was down 2.0% compared to the same quarter last year. On average, equities analysts anticipate that New Oriental Education & Technology Group Inc. will post 2.75 earnings per share for the current fiscal year.

New Oriental Education & Technology Group Company 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.

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