New Oriental Education & Technology Group Inc. (NYSE:EDU) Shares Acquired by Citigroup Inc.

Citigroup Inc. lifted its position in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) by 20.4% during the third quarter, HoldingsChannel reports. The firm owned 803,508 shares of the company’s stock after purchasing an additional 136,138 shares during the quarter. Citigroup Inc.’s holdings in New Oriental Education & Technology Group were worth $60,938,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EDU. Natixis raised its holdings in New Oriental Education & Technology Group by 82.8% in the first quarter. Natixis now owns 5,484 shares of the company’s stock valued at $476,000 after acquiring an additional 2,484 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in New Oriental Education & Technology Group in the first quarter valued at $103,392,000. Artal Group S.A. acquired a new stake in New Oriental Education & Technology Group in the first quarter valued at $1,302,000. Virtu Financial LLC acquired a new stake in New Oriental Education & Technology Group in the first quarter valued at $1,220,000. Finally, Swedbank AB acquired a new stake in New Oriental Education & Technology Group in the first quarter valued at $6,171,000.

Analysts Set New Price Targets

EDU has been the topic of several recent analyst reports. StockNews.com raised shares of New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Morgan Stanley set a $83.00 price target on shares of New Oriental Education & Technology Group in a report on Thursday, October 17th. Finally, Citigroup dropped their target price on shares of New Oriental Education & Technology Group from $127.00 to $106.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $99.67.

New Oriental Education & Technology Group Stock Performance

Shares of NYSE:EDU opened at $57.36 on Friday. The stock has a market capitalization of $9.73 billion, a price-to-earnings ratio of 24.51 and a beta of 0.49. New Oriental Education & Technology Group Inc. has a 1-year low of $54.00 and a 1-year high of $98.20. The company’s fifty day moving average is $65.36 and its two-hundred day moving average is $70.54.

New Oriental Education & Technology Group (NYSE:EDU) last issued its earnings results on Wednesday, October 23rd. The company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.27. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.45 billion. New Oriental Education & Technology Group had a net margin of 8.38% and a return on equity of 9.43%. The firm’s revenue was up 30.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.99 earnings per share. Sell-side analysts expect that New Oriental Education & Technology Group Inc. will post 2.94 EPS for the current fiscal year.

New Oriental Education & Technology Group Profile

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.