Sylebra Capital LLC Sells 6,945 Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU)

Sylebra Capital LLC decreased its holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 711,333 shares of the company’s stock after selling 6,945 shares during the period. New Oriental Education & Technology Group comprises about 2.1% of Sylebra Capital LLC’s investment portfolio, making the stock its 12th biggest holding. Sylebra Capital LLC owned 0.42% of New Oriental Education & Technology Group worth $55,292,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of EDU. Renaissance Technologies LLC lifted its position in New Oriental Education & Technology Group by 5.5% during the second quarter. Renaissance Technologies LLC now owns 3,175,554 shares of the company’s stock valued at $246,836,000 after purchasing an additional 164,600 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of New Oriental Education & Technology Group by 37.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,374,408 shares of the company’s stock valued at $173,997,000 after buying an additional 646,122 shares during the period. WT Asset Management Ltd boosted its stake in shares of New Oriental Education & Technology Group by 21.4% in the 2nd quarter. WT Asset Management Ltd now owns 1,730,772 shares of the company’s stock worth $134,533,000 after buying an additional 304,712 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of New Oriental Education & Technology Group by 141.4% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,608,792 shares of the company’s stock worth $117,892,000 after acquiring an additional 942,392 shares during the period. Finally, Farallon Capital Management LLC increased its position in New Oriental Education & Technology Group by 139.0% during the second quarter. Farallon Capital Management LLC now owns 1,469,590 shares of the company’s stock valued at $114,231,000 after acquiring an additional 854,590 shares during the last quarter.

New Oriental Education & Technology Group Trading Up 3.4 %

EDU opened at $73.47 on Monday. New Oriental Education & Technology Group Inc. has a 1-year low of $57.21 and a 1-year high of $98.20. The firm’s 50 day simple moving average is $65.78 and its two-hundred day simple moving average is $76.24. The company has a market capitalization of $12.47 billion, a PE ratio of 39.50 and a beta of 0.46.

New Oriental Education & Technology Group (NYSE:EDU) last released its earnings results on Wednesday, July 31st. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.19). The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. New Oriental Education & Technology Group had a net margin of 7.18% and a return on equity of 7.50%. Equities analysts forecast that New Oriental Education & Technology Group Inc. will post 2.83 earnings per share for the current fiscal year.

New Oriental Education & Technology Group Announces Dividend

The company also recently disclosed a — dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 9th were paid a $0.58 dividend. The ex-dividend date of this dividend was Monday, September 9th.

Analysts Set New Price Targets

Separately, Citigroup dropped their target price on New Oriental Education & Technology Group from $127.00 to $106.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $103.67.

About New Oriental Education & Technology Group

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People’s Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.