Headlands Technologies LLC Buys 11,258 Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU)

Headlands Technologies LLC raised its stake in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 151.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 18,696 shares of the company's stock after purchasing an additional 11,258 shares during the quarter. Headlands Technologies LLC's holdings in New Oriental Education & Technology Group were worth $1,370,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in EDU. Personal CFO Solutions LLC purchased a new position in shares of New Oriental Education & Technology Group during the third quarter valued at approximately $200,000. AFG Fiduciary Services Limited Partnership purchased a new position in shares of New Oriental Education & Technology Group during the third quarter valued at approximately $218,000. Jaffetilchin Investment Partners LLC purchased a new position in shares of New Oriental Education & Technology Group during the third quarter valued at approximately $251,000. Caxton Associates LP purchased a new stake in New Oriental Education & Technology Group in the third quarter worth $261,000. Finally, Wrapmanager Inc. purchased a new stake in New Oriental Education & Technology Group in the third quarter worth $272,000.

New Oriental Education & Technology Group Price Performance

Shares of New Oriental Education & Technology Group stock traded up $3.62 during trading on Friday, hitting $83.26. 3,470,499 shares of the company's stock traded hands, compared to its average volume of 1,933,292. New Oriental Education & Technology Group Inc. has a 1 year low of $35.70 and a 1 year high of $98.20. The stock has a market capitalization of $14.13 billion, a P/E ratio of 44.76 and a beta of 0.49. The business has a 50-day simple moving average of $89.12 and a 200-day simple moving average of $79.20.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last released its quarterly earnings data on Wednesday, January 24th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.23). New Oriental Education & Technology Group had a net margin of 7.72% and a return on equity of 8.11%. The business had revenue of $869.60 million for the quarter, compared to analysts' expectations of $814.01 million. During the same period last year, the business earned $0.01 earnings per share. The company's quarterly revenue was up 36.3% on a year-over-year basis. On average, equities analysts predict that New Oriental Education & Technology Group Inc. will post 2.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Morgan Stanley increased their price objective on New Oriental Education & Technology Group from $85.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday, March 28th. StockNews.com downgraded New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a report on Thursday, January 4th. Finally, Citigroup raised their price target on New Oriental Education & Technology Group from $66.00 to $127.00 and gave the company a "buy" rating in a report on Thursday. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $97.67.

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.