Point72 Hong Kong Ltd bought a new stake in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 344,948 shares of the company's stock, valued at approximately $22,139,000. New Oriental Education & Technology Group accounts for approximately 1.4% of Point72 Hong Kong Ltd's portfolio, making the stock its 15th biggest position. Point72 Hong Kong Ltd owned approximately 0.20% of New Oriental Education & Technology Group at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. GeoWealth Management LLC increased its stake in shares of New Oriental Education & Technology Group by 258.5% in the fourth quarter. GeoWealth Management LLC now owns 441 shares of the company's stock worth $28,000 after purchasing an additional 318 shares in the last quarter. Westpac Banking Corp purchased a new position in shares of New Oriental Education & Technology Group in the 4th quarter worth approximately $45,000. SBI Securities Co. Ltd. purchased a new position in shares of New Oriental Education & Technology Group in the 4th quarter worth approximately $51,000. Natixis lifted its holdings in New Oriental Education & Technology Group by 39.2% during the 4th quarter. Natixis now owns 881 shares of the company's stock valued at $57,000 after buying an additional 248 shares in the last quarter. Finally, BNP Paribas purchased a new stake in shares of New Oriental Education & Technology Group in the 4th quarter worth $113,000.
New Oriental Education & Technology Group Stock Performance
Shares of NYSE:EDU traded down $0.00 during trading on Tuesday, reaching $48.22. The stock had a trading volume of 268,415 shares, compared to its average volume of 1,772,597. The business has a fifty day moving average price of $47.06 and a 200-day moving average price of $53.03. The stock has a market cap of $8.18 billion, a PE ratio of 20.51 and a beta of 0.25. New Oriental Education & Technology Group Inc. has a 1-year low of $40.66 and a 1-year high of $87.26.
New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.70 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.06). New Oriental Education & Technology Group had a return on equity of 9.48% and a net margin of 8.13%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the firm posted $0.63 EPS. The business's quarterly revenue was down 2.0% on a year-over-year basis. Sell-side analysts expect that New Oriental Education & Technology Group Inc. will post 2.75 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of New Oriental Education & Technology Group from $50.00 to $48.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Citigroup cut shares of New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $83.00 to $50.00 in a research note on Friday, January 24th. Morgan Stanley cut shares of New Oriental Education & Technology Group from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $83.00 to $52.00 in a research note on Wednesday, January 22nd. China Renaissance lowered New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, StockNews.com raised New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, New Oriental Education & Technology Group has a consensus rating of "Hold" and an average target price of $60.80.
Read Our Latest Stock Report on EDU
New Oriental Education & Technology Group Company Profile
(
Free Report)
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.
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