Andra AP fonden lifted its holdings in New Oriental Education & Tech Grp (NYSE:EDU) by 36.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 93,300 shares of the company’s stock after purchasing an additional 25,100 shares during the quarter. Andra AP fonden owned 0.06% of New Oriental Education & Tech Grp worth $8,235,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in EDU. Ameriprise Financial Inc. grew its stake in shares of New Oriental Education & Tech Grp by 633.7% in the second quarter. Ameriprise Financial Inc. now owns 3,377,489 shares of the company’s stock worth $238,074,000 after purchasing an additional 2,917,183 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of New Oriental Education & Tech Grp by 130.4% in the second quarter. UBS Asset Management Americas Inc. now owns 4,854,260 shares of the company’s stock worth $342,177,000 after purchasing an additional 2,747,727 shares in the last quarter. Greenwoods Asset Management Ltd grew its stake in shares of New Oriental Education & Tech Grp by 39.8% in the second quarter. Greenwoods Asset Management Ltd now owns 2,845,660 shares of the company’s stock worth $200,591,000 after purchasing an additional 809,660 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of New Oriental Education & Tech Grp in the second quarter worth $31,583,000. Finally, Harvest Fund Management Co. Ltd grew its stake in shares of New Oriental Education & Tech Grp by 158.3% in the second quarter. Harvest Fund Management Co. Ltd now owns 650,615 shares of the company’s stock worth $45,862,000 after purchasing an additional 398,696 shares in the last quarter. 75.58% of the stock is owned by institutional investors.

Shares of New Oriental Education & Tech Grp (NYSE EDU) traded down $0.92 during midday trading on Friday, hitting $81.54. The stock had a trading volume of 1,631,330 shares, compared to its average volume of 1,830,000. New Oriental Education & Tech Grp has a twelve month low of $37.16 and a twelve month high of $94.63. The stock has a market capitalization of $12.89 billion, a P/E ratio of 44.15, a price-to-earnings-growth ratio of 1.27 and a beta of 1.31.

New Oriental Education & Tech Grp (NYSE:EDU) last posted its quarterly earnings data 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 company had revenue of $661.20 million for the quarter, compared to analyst estimates of $643.90 million. New Oriental Education & Tech Grp had a return on equity of 17.32% and a net margin of 15.15%. The business’s revenue was up 23.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.90 earnings per share. sell-side analysts expect that New Oriental Education & Tech Grp will post 2.03 EPS for the current year.

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Several research firms have recently issued reports on EDU. Zacks Investment Research cut New Oriental Education & Tech Grp from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Jefferies Group LLC reaffirmed a “buy” rating and set a $109.00 target price on shares of New Oriental Education & Tech Grp in a research note on Thursday, October 26th. CLSA cut New Oriental Education & Tech Grp from an “outperform” rating to an “underperform” rating in a research note on Tuesday, October 24th. Vetr cut New Oriental Education & Tech Grp from a “buy” rating to a “hold” rating and set a $94.84 target price for the company. in a research note on Tuesday, October 10th. Finally, Benchmark Co. raised their target price on New Oriental Education & Tech Grp from $94.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, October 6th. 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 has an average rating of “Buy” and a consensus price target of $89.76.

About New Oriental Education & Tech Grp

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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