New Oriental Education & Technology Group Inc. (NYSE:EDU) Stock Holdings Cut by XY Capital Ltd

XY Capital Ltd lowered its holdings in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 40.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,346 shares of the company's stock after selling 41,557 shares during the quarter. New Oriental Education & Technology Group makes up 2.6% of XY Capital Ltd's holdings, making the stock its 10th largest position. XY Capital Ltd's holdings in New Oriental Education & Technology Group were worth $4,495,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of EDU. Eaton Vance Management lifted its position in shares of New Oriental Education & Technology Group by 306.7% in the first quarter. Eaton Vance Management now owns 22,543 shares of the company's stock valued at $26,000 after acquiring an additional 17,000 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in shares of New Oriental Education & Technology Group in the first quarter valued at approximately $46,000. Atlas Capital Advisors LLC purchased a new position in shares of New Oriental Education & Technology Group in the first quarter valued at approximately $51,000. Royal Bank of Canada lifted its position in shares of New Oriental Education & Technology Group by 13.6% in the first quarter. Royal Bank of Canada now owns 44,215 shares of the company's stock valued at $51,000 after acquiring an additional 5,299 shares in the last quarter. Finally, 1832 Asset Management L.P. acquired a new stake in shares of New Oriental Education & Technology Group in the fourth quarter valued at approximately $59,000.

Analysts Set New Price Targets

EDU has been the subject of several recent research reports. StockNews.com cut New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a report on Thursday, January 4th. Morgan Stanley increased their price target on New Oriental Education & Technology Group from $85.00 to $95.00 and gave the company an "overweight" rating in a report on Thursday, March 28th.

New Oriental Education & Technology Group Trading Down 2.4 %

EDU stock traded down $2.12 during midday trading on Thursday, hitting $85.32. 933,426 shares of the company's stock were exchanged, compared to its average volume of 1,684,331. The business has a 50-day simple moving average of $88.58 and a two-hundred day simple moving average of $75.90. The stock has a market capitalization of $14.48 billion, a PE ratio of 46.88 and a beta of 0.49. New Oriental Education & Technology Group Inc. has a 1-year low of $35.70 and a 1-year high of $98.20.

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). The business had revenue of $869.60 million for the quarter, compared to analyst estimates of $814.01 million. New Oriental Education & Technology Group had a return on equity of 7.97% and a net margin of 8.54%. New Oriental Education & Technology Group's revenue was up 36.3% compared to the same quarter last year. During the same period last year, the business earned $0.01 EPS. As a group, research analysts expect that New Oriental Education & Technology Group Inc. will post 2 EPS for the current fiscal year.

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.

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