Fmr LLC Decreases Stock Position in New Oriental Education & Tech Grp (NYSE:EDU)

FMR LLC cut its position in New Oriental Education & Tech Grp (NYSE:EDU) by 10.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,637,551 shares of the company’s stock after selling 197,898 shares during the period. FMR LLC owned about 1.15% of New Oriental Education & Tech Grp worth $147,527,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Rehmann Capital Advisory Group grew its position in shares of New Oriental Education & Tech Grp by 145.7% in the 1st quarter. Rehmann Capital Advisory Group now owns 312 shares of the company’s stock valued at $28,000 after acquiring an additional 185 shares during the period. Icon Wealth Partners LLC bought a new position in New Oriental Education & Tech Grp in the 1st quarter valued at about $31,000. Cornerstone Advisors Inc. grew its holdings in shares of New Oriental Education & Tech Grp by 96.5% during the 1st quarter. Cornerstone Advisors Inc. now owns 454 shares of the company’s stock valued at $41,000 after purchasing an additional 223 shares during the last quarter. Shine Investment Advisory Services Inc. bought a new stake in shares of New Oriental Education & Tech Grp during the 1st quarter valued at approximately $45,000. Finally, Advisory Services Network LLC grew its holdings in shares of New Oriental Education & Tech Grp by 31.1% during the 4th quarter. Advisory Services Network LLC now owns 876 shares of the company’s stock valued at $48,000 after purchasing an additional 208 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

EDU traded up $0.87 on Thursday, reaching $96.74. The company had a trading volume of 728,000 shares, compared to its average volume of 1,406,769. New Oriental Education & Tech Grp has a 52-week low of $50.30 and a 52-week high of $101.46. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.61 and a current ratio of 1.63. The business has a 50 day moving average of $92.47. The stock has a market capitalization of $13.75 billion, a P/E ratio of 51.73, a price-to-earnings-growth ratio of 0.92 and a beta of 1.61.

New Oriental Education & Tech Grp (NYSE:EDU) last issued its earnings results on Tuesday, April 23rd. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.14. The firm had revenue of $796.70 million for the quarter, compared to analysts’ expectations of $788.52 million. New Oriental Education & Tech Grp had a net margin of 8.80% and a return on equity of 14.88%. The business’s revenue was up 28.9% on a year-over-year basis. During the same quarter last year, the business earned $0.57 earnings per share. On average, equities analysts expect that New Oriental Education & Tech Grp will post 1.71 EPS for the current fiscal year.

EDU has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. TheStreet lowered shares of Trinity Industries from a “b” rating to a “c” rating in a research note on Thursday, April 25th. Benchmark reiterated a “buy” rating and issued a $105.00 target price (up previously from $90.00) on shares of New Oriental Education & Tech Grp in a research note on Wednesday, April 24th. Morgan Stanley set a $18.00 target price on shares of PG&E and gave the stock a “hold” rating in a research note on Friday, June 14th. Finally, Citigroup increased their price target on shares of Vistra Energy from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $92.73.

New Oriental Education & Tech Grp Company 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.

Further Reading: Net Margin

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

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