DnB Asset Management AS trimmed its holdings in shares of New Oriental Education & Tech Grp (NYSE:EDU) by 60.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 73,376 shares of the company’s stock after selling 113,100 shares during the quarter. DnB Asset Management AS’s holdings in New Oriental Education & Tech Grp were worth $6,897,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its position in shares of New Oriental Education & Tech Grp by 2.4% in the second quarter. PNC Financial Services Group Inc. now owns 1,513 shares of the company’s stock worth $107,000 after purchasing an additional 35 shares during the period. Advisor Group Inc. boosted its position in shares of New Oriental Education & Tech Grp by 182.5% in the second quarter. Advisor Group Inc. now owns 1,743 shares of the company’s stock worth $123,000 after purchasing an additional 1,126 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of New Oriental Education & Tech Grp by 88.9% in the third quarter. Envestnet Asset Management Inc. now owns 1,628 shares of the company’s stock worth $144,000 after purchasing an additional 766 shares during the period. Stevens Capital Management LP bought a new position in shares of New Oriental Education & Tech Grp in the second quarter worth approximately $207,000. Finally, Mackenzie Financial Corp bought a new position in shares of New Oriental Education & Tech Grp in the third quarter worth approximately $227,000. Institutional investors own 77.15% of the company’s stock.

A number of equities analysts have weighed in on EDU shares. JPMorgan Chase & Co. lowered shares of New Oriental Education & Tech Grp from a “neutral” rating to an “underweight” rating and set a $82.00 price target for the company. in a research report on Thursday, September 14th. CLSA raised shares of New Oriental Education & Tech Grp from an “underperform” rating to an “outperform” rating in a report on Wednesday, December 20th. Zacks Investment Research downgraded shares of New Oriental Education & Tech Grp from a “hold” rating to a “sell” rating in a report on Monday, November 27th. Jefferies Group reissued a “buy” rating and issued a $109.00 target price on shares of New Oriental Education & Tech Grp in a report on Thursday, October 26th. Finally, Vetr downgraded shares of New Oriental Education & Tech Grp from a “buy” rating to a “hold” rating and set a $94.84 target price on the stock. in a report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $99.51.

Shares of New Oriental Education & Tech Grp (EDU) opened at $101.92 on Friday. The stock has a market cap of $16,050.00, a price-to-earnings ratio of 55.39, a P/E/G ratio of 1.56 and a beta of 1.31. New Oriental Education & Tech Grp has a 12 month low of $46.35 and a 12 month high of $104.88.

New Oriental Education & Tech Grp (NYSE:EDU) last released its quarterly earnings results 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 business had revenue of $661.20 million for the quarter, compared to analysts’ expectations of $643.90 million. New Oriental Education & Tech Grp had a net margin of 15.15% and a return on equity of 17.32%. New Oriental Education & Tech Grp’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.90 EPS. analysts predict that New Oriental Education & Tech Grp will post 2.03 earnings per share for the current fiscal year.

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New Oriental Education & Tech Grp 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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