Aperio Group LLC boosted its holdings in shares of New Oriental Education & Tech Grp (NYSE:EDU) by 5.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 100,761 shares of the company’s stock after purchasing an additional 5,546 shares during the quarter. Aperio Group LLC owned about 0.06% of New Oriental Education & Tech Grp worth $8,893,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. First Trust Advisors LP raised its stake in New Oriental Education & Tech Grp by 20.8% during the 3rd quarter. First Trust Advisors LP now owns 120,901 shares of the company’s stock valued at $10,671,000 after purchasing an additional 20,835 shares during the period. APG Asset Management N.V. grew its holdings in New Oriental Education & Tech Grp by 51.3% during the 3rd quarter. APG Asset Management N.V. now owns 108,900 shares of the company’s stock valued at $9,612,000 after buying an additional 36,900 shares in the last quarter. Eqis Capital Management Inc. purchased a new position in New Oriental Education & Tech Grp during the 3rd quarter valued at approximately $261,000. Tairen Capital Ltd grew its holdings in New Oriental Education & Tech Grp by 8.3% during the 2nd quarter. Tairen Capital Ltd now owns 1,890,988 shares of the company’s stock valued at $133,296,000 after buying an additional 145,192 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new position in New Oriental Education & Tech Grp during the 2nd quarter valued at approximately $1,259,000. 75.58% of the stock is currently owned by institutional investors.

Shares of New Oriental Education & Tech Grp (NYSE EDU) opened at $81.54 on Friday. The stock has a market capitalization of $12.89 billion, a P/E ratio of 44.15, a P/E/G ratio of 1.27 and a beta of 1.31. New Oriental Education & Tech Grp has a one year low of $37.16 and a one year high of $94.63.

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

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EDU has been the subject of several research analyst reports. Jefferies Group LLC restated a “buy” rating and set a $74.80 price target on shares of New Oriental Education & Tech Grp in a report on Friday, July 14th. Zacks Investment Research upgraded New Oriental Education & Tech Grp from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a report on Tuesday, July 18th. BidaskClub cut New Oriental Education & Tech Grp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Benchmark Co. lifted their target price on New Oriental Education & Tech Grp from $75.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, July 26th. Finally, UBS Group AG (USA) initiated coverage on New Oriental Education & Tech Grp in a report on Tuesday, August 1st. They issued a “buy” rating and a $96.75 target price for the company. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $89.76.

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.

Institutional Ownership by Quarter for New Oriental Education & Tech Grp (NYSE:EDU)

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