Barclays PLC lowered its position in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU – Free Report) by 99.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,121 shares of the company’s stock after selling 112,259 shares during the period. Barclays PLC’s holdings in New Oriental Education & Technology Group were worth $85,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of EDU. Sei Investments Co. raised its stake in New Oriental Education & Technology Group by 6.5% during the 2nd quarter. Sei Investments Co. now owns 190,302 shares of the company’s stock worth $14,792,000 after acquiring an additional 11,622 shares in the last quarter. Millennium Management LLC grew its holdings in shares of New Oriental Education & Technology Group by 147.5% during the second quarter. Millennium Management LLC now owns 731,758 shares of the company’s stock worth $56,880,000 after purchasing an additional 436,098 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of New Oriental Education & Technology Group by 3.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,480,400 shares of the company’s stock worth $115,071,000 after purchasing an additional 56,100 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of New Oriental Education & Technology Group by 155.5% in the 3rd quarter. Blue Trust Inc. now owns 2,052 shares of the company’s stock valued at $160,000 after purchasing an additional 1,249 shares during the last quarter. Finally, Carrhae Capital LLP grew its stake in New Oriental Education & Technology Group by 30.5% during the 3rd quarter. Carrhae Capital LLP now owns 684,187 shares of the company’s stock worth $51,889,000 after buying an additional 159,848 shares during the last quarter.
Wall Street Analysts Forecast Growth
EDU has been the subject of a number of research reports. Citigroup cut New Oriental Education & Technology Group from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $83.00 to $50.00 in a research note on Friday. JPMorgan Chase & Co. cut shares of New Oriental Education & Technology Group from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $85.00 to $50.00 in a research note on Wednesday. StockNews.com raised shares of New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Morgan Stanley cut shares of New Oriental Education & Technology Group from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $83.00 to $52.00 in a report on Wednesday. Finally, Macquarie lowered New Oriental Education & Technology Group from an “outperform” rating to an “underperform” rating and lowered their price target for the stock from $79.00 to $44.00 in a report on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $61.20.
New Oriental Education & Technology Group Stock Down 0.1 %
Shares of NYSE:EDU opened at $46.71 on Friday. The company has a market cap of $7.93 billion, a price-to-earnings ratio of 19.88 and a beta of 0.44. New Oriental Education & Technology Group Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $98.20. The firm’s 50-day simple moving average is $60.03 and its 200-day simple moving average is $64.70.
New Oriental Education & Technology Group (NYSE:EDU – Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.27. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.45 billion. New Oriental Education & Technology Group had a return on equity of 9.48% and a net margin of 8.13%. The firm’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.99 EPS. On average, research analysts forecast that New Oriental Education & Technology Group Inc. will post 2.94 EPS for the current year.
About New Oriental Education & Technology Group
New Oriental Education & Technology Group, Inc is a holding company, which engages in the provision of private educational services. It operates through the following segments: Educational Services and Test Preparation Courses, Private Label Products and Livestreaming E-Commerce, Overseas Study Consulting Services, and Educational Materials and Distribution.
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