FengHe Fund Management Pte. Ltd. Takes Position in New Oriental Education & Technology Group Inc. (NYSE:EDU)

FengHe Fund Management Pte. Ltd. acquired a new position in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 27,800 shares of the company's stock, valued at approximately $2,037,000. New Oriental Education & Technology Group makes up about 0.4% of FengHe Fund Management Pte. Ltd.'s investment portfolio, making the stock its 19th largest holding.

A number of other institutional investors have also added to or reduced their stakes in the company. Ariose Capital Management Ltd purchased a new position in New Oriental Education & Technology Group in the fourth quarter valued at about $30,631,000. Clearbridge Investments LLC boosted its stake in New Oriental Education & Technology Group by 14.7% in the third quarter. Clearbridge Investments LLC now owns 65,002 shares of the company's stock valued at $3,806,000 after acquiring an additional 8,306 shares during the last quarter. KADENSA CAPITAL Ltd purchased a new position in New Oriental Education & Technology Group in the second quarter valued at about $2,971,000. XY Capital Ltd boosted its stake in New Oriental Education & Technology Group by 376.4% in the third quarter. XY Capital Ltd now owns 102,903 shares of the company's stock valued at $6,025,000 after acquiring an additional 81,303 shares during the last quarter. Finally, Ariel Investments LLC purchased a new position in New Oriental Education & Technology Group in the second quarter valued at about $8,559,000.

New Oriental Education & Technology Group Stock Performance

NYSE EDU traded up $0.69 on Monday, hitting $87.51. The stock had a trading volume of 1,069,388 shares, compared to its average volume of 1,717,484. New Oriental Education & Technology Group Inc. has a 52-week low of $35.70 and a 52-week high of $98.20. The company has a market capitalization of $14.85 billion, a price-to-earnings ratio of 48.03 and a beta of 0.49. The firm has a 50-day moving average of $87.62 and a 200-day moving average of $75.35.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last posted its earnings results on Wednesday, January 24th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.23). New Oriental Education & Technology Group had a return on equity of 7.97% and a net margin of 8.54%. The firm had revenue of $869.60 million during the quarter, compared to analysts' expectations of $814.01 million. During the same quarter in the prior year, the company earned $0.01 earnings per share. The business's revenue for the quarter was up 36.3% compared to the same quarter last year. As a group, research analysts anticipate that New Oriental Education & Technology Group Inc. will post 2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EDU has been the topic of a number of recent research reports. StockNews.com cut shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research note on Thursday, January 4th. Morgan Stanley upped their price target on shares of New Oriental Education & Technology Group from $85.00 to $95.00 and gave the company an "overweight" rating in a research note on Thursday.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.