New Oriental Education & Technology Group Inc. (NYSE:EDU) is Aspex Management HK Ltd’s 3rd Largest Position

Aspex Management HK Ltd raised its holdings in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) by 46.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 4,753,340 shares of the company’s stock after purchasing an additional 1,513,640 shares during the period. New Oriental Education & Technology Group accounts for approximately 9.5% of Aspex Management HK Ltd’s portfolio, making the stock its 3rd biggest holding. Aspex Management HK Ltd’s holdings in New Oriental Education & Technology Group were worth $360,493,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in New Oriental Education & Technology Group by 20,215.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 994,431 shares of the company’s stock valued at $75,418,000 after purchasing an additional 989,536 shares during the last quarter. Farallon Capital Management LLC raised its stake in shares of New Oriental Education & Technology Group by 139.0% in the 2nd 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 in the last quarter. Millennium Management LLC boosted its position in 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 period. Thornburg Investment Management Inc. grew its holdings in New Oriental Education & Technology Group by 211.7% during the second quarter. Thornburg Investment Management Inc. now owns 553,694 shares of the company’s stock valued at $43,058,000 after purchasing an additional 376,036 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of New Oriental Education & Technology Group by 23.2% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,823,200 shares of the company’s stock valued at $138,271,000 after purchasing an additional 342,800 shares during the period.

New Oriental Education & Technology Group Price Performance

EDU opened at $58.32 on Monday. The firm’s fifty day moving average price is $65.14 and its two-hundred day moving average price is $69.62. The company has a market capitalization of $9.90 billion, a P/E ratio of 24.92 and a beta of 0.49. New Oriental Education & Technology Group Inc. has a fifty-two week low of $54.00 and a fifty-two week high of $98.20.

New Oriental Education & Technology Group (NYSE:EDU) last posted its earnings results 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 business 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 for the quarter was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.99 earnings per share. On average, equities research analysts expect that New Oriental Education & Technology Group Inc. will post 2.94 EPS for the current fiscal year.

Analysts Set New Price Targets

EDU has been the subject 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.

New Oriental Education & Technology Group Company 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.