Maverick Capital Ltd. bought a new stake in New Oriental Education & Technology Group, Inc. (NYSE:EDU) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 33,510 shares of the company’s stock, valued at approximately $2,362,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Baillie Gifford & Co. lifted its stake in shares of New Oriental Education & Technology Group by 0.6% in the second quarter. Baillie Gifford & Co. now owns 8,264,923 shares of the company’s stock valued at $582,594,000 after buying an additional 47,119 shares during the period. BlackRock Inc. lifted its stake in shares of New Oriental Education & Technology Group by 5,434.7% in the first quarter. BlackRock Inc. now owns 6,286,645 shares of the company’s stock valued at $379,587,000 after buying an additional 6,173,060 shares during the period. UBS Asset Management Americas Inc. lifted its stake in shares of New Oriental Education & Technology Group by 130.4% in the second 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 during the period. Ameriprise Financial Inc. lifted its stake in shares of New Oriental Education & Technology Group by 633.7% in the second quarter. Ameriprise Financial Inc. now owns 3,377,489 shares of the company’s stock valued at $238,074,000 after buying an additional 2,917,183 shares during the period. Finally, Greenwoods Asset Management Ltd lifted its stake in shares of New Oriental Education & Technology Group by 39.8% in the second quarter. Greenwoods Asset Management Ltd now owns 2,845,660 shares of the company’s stock valued at $200,591,000 after buying an additional 809,660 shares during the period. Institutional investors and hedge funds own 76.38% of the company’s stock.

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Several research firms recently weighed in on EDU. Vetr cut shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating and set a $94.84 target price for the company. in a research note on Wednesday. J P Morgan Chase & Co cut shares of New Oriental Education & Technology Group from a “neutral” rating to an “underweight” rating and set a $82.00 target price for the company. in a research note on Thursday, September 14th. Benchmark Co. increased their target price on shares of New Oriental Education & Technology Group from $94.00 to $100.00 and gave the company a “buy” rating in a research note on Friday. Bank of America Corporation upgraded shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and set a $105.00 target price for the company in a research note on Monday, September 25th. Finally, Morgan Stanley began coverage on shares of New Oriental Education & Technology Group in a research note on Friday, August 25th. They issued an “overweight” rating and a $100.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $86.34.

New Oriental Education & Technology Group, Inc. (NYSE EDU) traded up 1.95% on Friday, reaching $91.63. 1,365,207 shares of the company traded hands. New Oriental Education & Technology Group, Inc. has a 52-week low of $37.16 and a 52-week high of $94.30. The stock has a 50-day moving average price of $85.55 and a 200-day moving average price of $74.59. The firm has a market cap of $14.49 billion, a P/E ratio of 52.66 and a beta of 1.33.

New Oriental Education & Technology Group (NYSE:EDU) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.03). The business had revenue of $486.40 million during the quarter, compared to the consensus estimate of $477.81 million. New Oriental Education & Technology Group had a net margin of 15.25% and a return on equity of 17.02%. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 EPS. Analysts anticipate that New Oriental Education & Technology Group, Inc. will post $2.38 earnings per share for the current fiscal year.

The firm also recently disclosed a special dividend, which was paid on Friday, October 6th. Shareholders of record on Wednesday, September 6th were issued a $0.45 dividend. The ex-dividend date was Friday, September 1st. This is an increase from New Oriental Education & Technology Group’s previous special dividend of $0.40.

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.

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

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