New Oriental Education & Technology Group, Inc. (EDU) Stake Decreased by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec cut its position in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 2.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 218,206 shares of the company’s stock after selling 5,000 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.14% of New Oriental Education & Technology Group worth $19,340,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EDU. Bank of Nova Scotia bought a new stake in New Oriental Education & Technology Group in the 2nd quarter valued at about $1,903,000. Calamos Advisors LLC lifted its holdings in shares of New Oriental Education & Technology Group by 43.1% during the 3rd quarter. Calamos Advisors LLC now owns 114,480 shares of the company’s stock worth $10,104,000 after acquiring an additional 34,480 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of New Oriental Education & Technology Group by 17.1% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 473,316 shares of the company’s stock worth $41,775,000 after acquiring an additional 68,977 shares during the period. BARING ASSET MANAGEMENT Ltd lifted its holdings in shares of New Oriental Education & Technology Group by 110.2% during the 3rd quarter. BARING ASSET MANAGEMENT Ltd now owns 413,905 shares of the company’s stock worth $36,531,000 after acquiring an additional 217,035 shares during the period. Finally, Tairen Capital Ltd lifted its holdings in shares of New Oriental Education & Technology Group by 8.3% during the 2nd quarter. Tairen Capital Ltd now owns 1,890,988 shares of the company’s stock worth $133,296,000 after acquiring an additional 145,192 shares during the period. Institutional investors own 77.39% of the company’s stock.

EDU has been the subject of a number of recent analyst reports. Vetr downgraded shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating and set a $94.84 price target for the company. in a report on Wednesday, October 4th. Benchmark upped their price target on shares of New Oriental Education & Technology Group from $94.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, October 6th. Zacks Investment Research raised shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a report on Tuesday, September 26th. Morgan Stanley initiated coverage on shares of New Oriental Education & Technology Group in a report on Friday, August 25th. They set an “overweight” rating and a $100.00 price target for the company. Finally, Jefferies Group reaffirmed a “buy” rating and set a $109.00 price target on shares of New Oriental Education & Technology Group in a report on Thursday, October 26th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $89.76.

New Oriental Education & Technology Group, Inc. (EDU) traded up $4.40 during mid-day trading on Thursday, reaching $88.88. 1,414,900 shares of the company were exchanged, compared to its average volume of 1,353,453. The firm has a market cap of $13,321.43, a PE ratio of 45.67, a price-to-earnings-growth ratio of 1.31 and a beta of 1.32. New Oriental Education & Technology Group, Inc. has a twelve month low of $40.01 and a twelve month high of $94.63.

New Oriental Education & Technology Group (NYSE:EDU) last released its quarterly earnings data on Tuesday, October 24th. The company reported $1.00 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.04). The company had revenue of $661.20 million for the quarter, compared to analyst estimates of $643.90 million. New Oriental Education & Technology Group had a return on equity of 17.32% and a net margin of 15.15%. New Oriental Education & Technology Group’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.90 earnings per share. equities research analysts anticipate that New Oriental Education & Technology Group, Inc. will post 2.03 EPS for the current fiscal year.

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New Oriental Education & Technology Group Profile

New Oriental Education & Technology Group Inc is a provider of private educational services in the People’s Republic of China (the PRC). The Company provides educational services under its New Oriental brand. The Company operates through seven segments, which include language training and test preparation, primary and secondary school education, online education, content development and distribution, pre-school education, overseas study consulting services and study tour.

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Institutional Ownership by Quarter for New Oriental Education & Technology Group (NYSE:EDU)

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