UBS Group AG Purchases 731,652 Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU)

UBS Group AG boosted its position in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 557.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 862,911 shares of the company's stock after purchasing an additional 731,652 shares during the quarter. UBS Group AG owned about 0.51% of New Oriental Education & Technology Group worth $63,234,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EDU. FMR LLC increased its stake in New Oriental Education & Technology Group by 92.7% in the third quarter. FMR LLC now owns 6,631,500 shares of the company's stock valued at $388,274,000 after purchasing an additional 3,189,254 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of New Oriental Education & Technology Group by 22.8% during the 3rd quarter. Schroder Investment Management Group now owns 4,094,455 shares of the company's stock valued at $239,730,000 after acquiring an additional 760,062 shares during the last quarter. Keystone Investors PTE Ltd. lifted its holdings in shares of New Oriental Education & Technology Group by 1.1% during the 4th quarter. Keystone Investors PTE Ltd. now owns 1,429,515 shares of the company's stock worth $104,755,000 after acquiring an additional 15,842 shares during the period. Sylebra Capital LLC acquired a new stake in shares of New Oriental Education & Technology Group in the third quarter worth approximately $63,935,000. Finally, Shah Capital Management purchased a new stake in New Oriental Education & Technology Group in the fourth quarter valued at approximately $60,659,000.

Wall Street Analyst Weigh In

EDU has been the topic of a number of recent analyst reports. Citigroup increased their price target on shares of New Oriental Education & Technology Group from $66.00 to $127.00 and gave the stock a "buy" rating in a research note on Thursday, April 25th. Morgan Stanley lifted their target price 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. 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 company has a consensus rating of "Moderate Buy" and an average target price of $97.67.

New Oriental Education & Technology Group Stock Down 1.4 %

Shares of EDU stock traded down $1.07 during mid-day trading on Friday, reaching $78.14. The company's stock had a trading volume of 941,158 shares, compared to its average volume of 1,800,454. The firm has a market capitalization of $13.26 billion, a PE ratio of 42.59 and a beta of 0.52. The company's 50 day simple moving average is $85.51 and its 200-day simple moving average is $81.49. New Oriental Education & Technology Group Inc. has a 12-month low of $35.70 and a 12-month high of $98.20.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.06). New Oriental Education & Technology Group had a net margin of 7.72% and a return on equity of 8.11%. The company had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.09 billion. As a group, research analysts anticipate that New Oriental Education & Technology Group Inc. will post 1.86 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.