DekaBank Deutsche Girozentrale Has $393,000 Holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU)

DekaBank Deutsche Girozentrale lessened its stake in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 72.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,650 shares of the company's stock after selling 14,850 shares during the period. DekaBank Deutsche Girozentrale's holdings in New Oriental Education & Technology Group were worth $393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of EDU. FengHe Fund Management Pte. Ltd. acquired a new stake in shares of New Oriental Education & Technology Group during the fourth quarter worth about $2,037,000. Ariose Capital Management Ltd acquired a new stake in shares of New Oriental Education & Technology Group during the fourth quarter worth about $30,631,000. Clearbridge Investments LLC boosted its stake in shares of New Oriental Education & Technology Group by 14.7% during the third quarter. Clearbridge Investments LLC now owns 65,002 shares of the company's stock worth $3,806,000 after buying an additional 8,306 shares during the period. XY Capital Ltd boosted its stake in shares of New Oriental Education & Technology Group by 376.4% during the third quarter. XY Capital Ltd now owns 102,903 shares of the company's stock worth $6,025,000 after buying an additional 81,303 shares during the period. Finally, Sylebra Capital LLC acquired a new stake in shares of New Oriental Education & Technology Group during the third quarter worth about $63,935,000.

New Oriental Education & Technology Group Stock Down 0.0 %

NYSE EDU traded down $0.04 during trading hours on Tuesday, hitting $85.50. 2,114,072 shares of the stock were exchanged, compared to its average volume of 1,666,878. The company has a market cap of $14.51 billion, a price-to-earnings ratio of 46.98 and a beta of 0.49. New Oriental Education & Technology Group Inc. has a 12-month low of $35.70 and a 12-month high of $98.20. The stock has a 50-day moving average of $89.78 and a 200 day moving average of $77.85.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last posted its quarterly 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 firm had revenue of $869.60 million for the quarter, compared to analysts' expectations of $814.01 million. New Oriental Education & Technology Group had a return on equity of 7.97% and a net margin of 8.54%. The company's revenue for the quarter was up 36.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.01 earnings per share. On average, equities research analysts expect that New Oriental Education & Technology Group Inc. will post 2.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on EDU shares. Morgan Stanley increased their target price on shares of New Oriental Education & Technology Group from $85.00 to $95.00 and gave the stock an "overweight" rating in a research note on Thursday, March 28th. StockNews.com downgraded shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research note on Thursday, January 4th.

About New Oriental Education & Technology Group

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.