New Oriental Education & Technology Group Inc. (NYSE:EDU) Shares Sold by Strategic Vision Investment Ltd

Strategic Vision Investment Ltd trimmed its holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 15.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,900 shares of the company's stock after selling 18,956 shares during the period. New Oriental Education & Technology Group comprises about 7.1% of Strategic Vision Investment Ltd's investment portfolio, making the stock its 3rd biggest position. Strategic Vision Investment Ltd owned about 0.06% of New Oriental Education & Technology Group worth $7,760,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in 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 worth $26,000 after buying 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 $46,000. Atlas Capital Advisors LLC bought a new stake in New Oriental Education & Technology Group in the first quarter worth $51,000. Royal Bank of Canada raised its stake in New Oriental Education & Technology Group by 13.6% during the first quarter. Royal Bank of Canada now owns 44,215 shares of the company's stock valued at $51,000 after purchasing an additional 5,299 shares in the last quarter. Finally, 1832 Asset Management L.P. purchased a new position in shares of New Oriental Education & Technology Group in the 4th quarter worth $59,000.

New Oriental Education & Technology Group Price Performance

Shares of NYSE:EDU traded down $0.95 on Wednesday, hitting $84.55. 992,958 shares of the company's stock were exchanged, compared to its average volume of 1,663,625. The stock has a market capitalization of $14.35 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 business's 50 day simple moving average is $89.78 and its two-hundred day simple moving average is $77.85.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.23). The company had revenue of $869.60 million for the quarter, compared to the consensus estimate of $814.01 million. New Oriental Education & Technology Group had a net margin of 8.54% and a return on equity of 7.97%. The company's quarterly revenue was up 36.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.01 EPS. Equities analysts forecast that New Oriental Education & Technology Group Inc. will post 2.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Morgan Stanley boosted their price objective on 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 lowered shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research note on Thursday, January 4th.

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.