New Oriental Education & Tech Grp (EDU) Shares Sold by Bp Plc

Bp Plc cut its stake in New Oriental Education & Tech Grp (NYSE:EDU) by 3.9% during the first quarter, Holdings Channel reports. The firm owned 68,698 shares of the company’s stock after selling 2,800 shares during the period. Bp Plc’s holdings in New Oriental Education & Tech Grp were worth $6,196,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisory Services Network LLC grew its holdings in shares of New Oriental Education & Tech Grp by 31.1% in the fourth quarter. Advisory Services Network LLC now owns 876 shares of the company’s stock worth $48,000 after purchasing an additional 208 shares during the last quarter. Cornerstone Advisors Inc. grew its holdings in shares of New Oriental Education & Tech Grp by 96.5% in the first quarter. Cornerstone Advisors Inc. now owns 454 shares of the company’s stock worth $41,000 after purchasing an additional 223 shares during the last quarter. Shine Investment Advisory Services Inc. bought a new position in shares of New Oriental Education & Tech Grp in the first quarter worth about $45,000. Quadrant Capital Group LLC grew its holdings in shares of New Oriental Education & Tech Grp by 42.7% in the first quarter. Quadrant Capital Group LLC now owns 1,928 shares of the company’s stock worth $172,000 after purchasing an additional 577 shares during the last quarter. Finally, FTB Advisors Inc. bought a new position in shares of New Oriental Education & Tech Grp in the first quarter worth about $57,000. Hedge funds and other institutional investors own 87.63% of the company’s stock.

A number of research analysts have recently commented on EDU shares. Zacks Investment Research upgraded shares of New Oriental Education & Tech Grp from a “hold” rating to a “strong-buy” rating and set a $107.00 price target on the stock in a report on Wednesday, April 24th. Benchmark restated a “buy” rating and issued a $105.00 price target (up from $90.00) on shares of New Oriental Education & Tech Grp in a report on Wednesday, April 24th. Morgan Stanley upgraded shares of New Oriental Education & Tech Grp from an “equal weight” rating to an “overweight” rating and set a $81.75 price target on the stock in a report on Monday, March 25th. ValuEngine lowered shares of New Oriental Education & Tech Grp from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. Finally, JPMorgan Chase & Co. lowered shares of New Oriental Education & Tech Grp from an “overweight” rating to a “neutral” rating and set a $76.64 price objective for the company. in a research note on Monday, February 11th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. New Oriental Education & Tech Grp has a consensus rating of “Buy” and an average price target of $90.37.

NYSE:EDU opened at $83.12 on Tuesday. New Oriental Education & Tech Grp has a 1-year low of $50.30 and a 1-year high of $108.24. The stock has a market capitalization of $11.69 billion, a P/E ratio of 44.45, a price-to-earnings-growth ratio of 1.55 and a beta of 1.59. The company has a quick ratio of 1.61, a current ratio of 1.63 and a debt-to-equity ratio of 0.02.

New Oriental Education & Tech Grp (NYSE:EDU) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.14. New Oriental Education & Tech Grp had a net margin of 8.80% and a return on equity of 14.88%. The company had revenue of $796.70 million during the quarter, compared to analyst estimates of $788.52 million. During the same period in the prior year, the firm earned $0.57 earnings per share. The firm’s revenue for the quarter was up 28.9% compared to the same quarter last year. Analysts predict that New Oriental Education & Tech Grp will post 1.7 earnings per share for the current fiscal year.

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New Oriental Education & Tech Grp Profile

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. It operates through Language Training and Test Preparation Courses, and Others segments. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People's Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to achieve better scores on entrance exams for admission into high schools or higher education institutions, as well as for children to teach English.

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

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