Dimensional Fund Advisors LP lessened its stake in shares of New Oriental Education & Tech Grp (NYSE:EDU) by 2.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 342,331 shares of the company’s stock after selling 9,884 shares during the period. Dimensional Fund Advisors LP’s holdings in New Oriental Education & Tech Grp were worth $30,206,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of EDU. UBS Asset Management Americas Inc. increased its position in New Oriental Education & Tech Grp by 130.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,854,260 shares of the company’s stock valued at $342,177,000 after buying an additional 2,747,727 shares in the last quarter. JPMorgan Chase & Co. increased its position in New Oriental Education & Tech Grp by 769.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,017,034 shares of the company’s stock valued at $176,955,000 after buying an additional 1,785,142 shares in the last quarter. Greenwoods Asset Management Ltd increased its position in New Oriental Education & Tech Grp by 35.8% during the 3rd quarter. Greenwoods Asset Management Ltd now owns 3,863,060 shares of the company’s stock valued at $340,954,000 after buying an additional 1,017,400 shares in the last quarter. Ariose Capital Management Ltd bought a new position in New Oriental Education & Tech Grp during the 3rd quarter valued at approximately $46,098,000. Finally, Goldman Sachs Group Inc. increased its position in New Oriental Education & Tech Grp by 18.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,333,593 shares of the company’s stock valued at $164,495,000 after buying an additional 370,597 shares in the last quarter. 77.28% of the stock is owned by institutional investors.

Shares of New Oriental Education & Tech Grp (NYSE EDU) opened at $100.52 on Wednesday. New Oriental Education & Tech Grp has a 52 week low of $46.35 and a 52 week high of $108.40. The company has a market capitalization of $16,544.56, a price-to-earnings ratio of 54.34, a price-to-earnings-growth ratio of 1.63 and a beta of 1.31.

New Oriental Education & Tech Grp (NYSE:EDU) last issued its earnings results on Tuesday, October 24th. The company reported $1.00 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.04). New Oriental Education & Tech Grp had a net margin of 15.15% and a return on equity of 17.32%. The business had revenue of $661.20 million for the quarter, compared to analysts’ expectations of $643.90 million. During the same quarter in the prior year, the business posted $0.90 earnings per share. The business’s revenue for the quarter was up 23.8% on a year-over-year basis. analysts expect that New Oriental Education & Tech Grp will post 2.03 EPS for the current year.

A number of research analysts recently weighed in on EDU shares. Deutsche Bank started coverage on New Oriental Education & Tech Grp in a research report on Thursday, January 4th. They set a “buy” rating and a $116.00 price objective for the company. Jefferies Group reaffirmed a “buy” rating and set a $109.00 price objective on shares of New Oriental Education & Tech Grp in a research report on Thursday, October 26th. Zacks Investment Research raised New Oriental Education & Tech Grp from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research report on Tuesday, September 26th. Bank of America raised New Oriental Education & Tech Grp from a “neutral” rating to a “buy” rating and set a $105.00 price objective for the company in a research report on Monday, September 25th. Finally, Benchmark raised their price objective on New Oriental Education & Tech Grp from $94.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. New Oriental Education & Tech Grp has an average rating of “Buy” and a consensus price target of $99.51.

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New Oriental Education & Tech Grp Company 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 & Tech Grp (NYSE:EDU)

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