Oasis Management Co Ltd. Purchases 25,500 Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU)

Oasis Management Co Ltd. grew its stake in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 34.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,600 shares of the company's stock after purchasing an additional 25,500 shares during the quarter. New Oriental Education & Technology Group makes up about 1.4% of Oasis Management Co Ltd.'s holdings, making the stock its 13th largest position. Oasis Management Co Ltd. owned approximately 0.06% of New Oriental Education & Technology Group worth $6,328,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Aspex Management HK Ltd increased its position in shares of New Oriental Education & Technology Group by 56.8% during the fourth quarter. Aspex Management HK Ltd now owns 7,454,906 shares of the company's stock valued at $478,456,000 after acquiring an additional 2,701,566 shares during the last quarter. FMR LLC increased its position in shares of New Oriental Education & Technology Group by 46.3% during the fourth quarter. FMR LLC now owns 4,539,678 shares of the company's stock valued at $291,357,000 after acquiring an additional 1,437,656 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of New Oriental Education & Technology Group by 61.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,894,541 shares of the company's stock valued at $249,952,000 after acquiring an additional 1,480,391 shares during the last quarter. Schroder Investment Management Group increased its position in shares of New Oriental Education & Technology Group by 17.2% during the fourth quarter. Schroder Investment Management Group now owns 3,019,859 shares of the company's stock valued at $193,815,000 after acquiring an additional 442,656 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of New Oriental Education & Technology Group by 175.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,276,762 shares of the company's stock valued at $146,123,000 after acquiring an additional 1,449,979 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts recently commented on EDU shares. Citigroup downgraded New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and decreased their price target for the company from $83.00 to $50.00 in a research report on Friday, January 24th. JPMorgan Chase & Co. decreased their target price on New Oriental Education & Technology Group from $50.00 to $48.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. China Renaissance lowered New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. StockNews.com upgraded New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. Finally, Morgan Stanley lowered New Oriental Education & Technology Group from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $83.00 to $52.00 in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $60.80.

New Oriental Education & Technology Group Price Performance

Shares of EDU traded down $0.22 during mid-day trading on Friday, hitting $48.62. The stock had a trading volume of 351,183 shares, compared to its average volume of 1,783,669. The firm has a market cap of $8.25 billion, a P/E ratio of 20.69 and a beta of 0.25. New Oriental Education & Technology Group Inc. has a 52 week low of $40.66 and a 52 week high of $87.26. The business has a fifty day moving average price of $47.04 and a 200-day moving average price of $53.20.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.06). The company had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.24 billion. New Oriental Education & Technology Group had a net margin of 8.13% and a return on equity of 9.48%. New Oriental Education & Technology Group's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.63 earnings per share. As a group, research analysts expect that New Oriental Education & Technology Group Inc. will post 2.75 earnings per share for the current fiscal year.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group, Inc is a holding company, which engages in the provision of private educational services. It operates through the following segments: Educational Services and Test Preparation Courses, Private Label Products and Livestreaming E-Commerce, Overseas Study Consulting Services, and Educational Materials and Distribution.