Veritas Asset Management LLP purchased a new stake in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $883,000. New Oriental Education & Technology Group accounts for about 0.0% of Veritas Asset Management LLP’s holdings, making the stock its 27th largest holding.

A number of other large investors also recently added to or reduced their stakes in EDU. PNC Financial Services Group Inc. raised its holdings in New Oriental Education & Technology Group by 2.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,513 shares of the company’s stock valued at $107,000 after buying an additional 35 shares during the period. Nippon Life Insurance Co. purchased a new stake in New Oriental Education & Technology Group during the 2nd quarter valued at $111,000. Advisor Group Inc. raised its holdings in New Oriental Education & Technology Group by 182.5% during the 2nd quarter. Advisor Group Inc. now owns 1,743 shares of the company’s stock valued at $123,000 after buying an additional 1,126 shares during the period. Stevens Capital Management LP purchased a new stake in New Oriental Education & Technology Group during the 2nd quarter valued at $207,000. Finally, Wetherby Asset Management Inc. purchased a new stake in New Oriental Education & Technology Group during the 2nd quarter valued at $227,000. Institutional investors own 75.75% of the company’s stock.

Several analysts recently weighed in on EDU shares. Jefferies Group LLC restated a “buy” rating and set a $74.80 price target on shares of New Oriental Education & Technology Group in a report on Friday, July 14th. Zacks Investment Research upgraded New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a report on Tuesday, July 18th. BidaskClub lowered New Oriental Education & Technology Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Benchmark Co. increased their target price on New Oriental Education & Technology Group from $75.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Finally, UBS AG assumed coverage on New Oriental Education & Technology Group in a research note on Tuesday, August 1st. They issued a “buy” rating and a $96.75 target price on the stock. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $89.76.

Shares of New Oriental Education & Technology Group, Inc. (NYSE EDU) traded up $4.13 during trading on Monday, hitting $85.67. The stock had a trading volume of 1,179,019 shares, compared to its average volume of 2,089,705. New Oriental Education & Technology Group, Inc. has a 1 year low of $37.16 and a 1 year high of $94.63. The stock has a market capitalization of $12,857.83, a price-to-earnings ratio of 44.08, a P/E/G ratio of 1.26 and a beta of 1.31.

New Oriental Education & Technology Group (NYSE:EDU) last issued its quarterly earnings data on Tuesday, October 24th. The company reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.04). New Oriental Education & Technology Group had a net margin of 15.15% and a return on equity of 17.32%. The company had revenue of $661.20 million for the quarter, compared to the consensus estimate of $643.90 million. During the same period in the previous year, the business earned $0.90 EPS. New Oriental Education & Technology Group’s revenue for the quarter was up 23.8% compared to the same quarter last year. equities analysts forecast that New Oriental Education & Technology Group, Inc. will post 2.03 earnings per share for the current year.

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New Oriental Education & Technology Group 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 & Technology Group (NYSE:EDU)

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