Public Employees Retirement Association of Colorado decreased its stake in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) by 24.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 411,000 shares of the company’s stock after selling 130,900 shares during the period. Public Employees Retirement Association of Colorado owned 0.26% of New Oriental Education & Technology Group worth $17,213,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. BlackRock Fund Advisors boosted its position in shares of New Oriental Education & Technology Group by 6.6% in the first quarter. BlackRock Fund Advisors now owns 894,548 shares of the company’s stock worth $30,942,000 after buying an additional 55,257 shares during the last quarter. BlackRock Group LTD boosted its position in shares of New Oriental Education & Technology Group by 2.4% in the first quarter. BlackRock Group LTD now owns 844,412 shares of the company’s stock worth $29,209,000 after buying an additional 19,907 shares during the last quarter. Origin Asset Management LLP boosted its position in shares of New Oriental Education & Technology Group by 42.7% in the first quarter. Origin Asset Management LLP now owns 778,700 shares of the company’s stock worth $26,935,000 after buying an additional 233,000 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of New Oriental Education & Technology Group by 21.6% in the first quarter. Goldman Sachs Group Inc. now owns 632,194 shares of the company’s stock worth $21,868,000 after buying an additional 112,264 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of New Oriental Education & Technology Group by 194.9% in the second quarter. American Century Companies Inc. now owns 600,809 shares of the company’s stock worth $25,162,000 after buying an additional 397,051 shares during the last quarter. 80.60% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for New Oriental Education & Technology Group (NYSE:EDU)

New Oriental Education & Technology Group Inc. (NYSE:EDU) traded up 1.61% during midday trading on Wednesday, hitting $46.64. 442,311 shares of the stock traded hands. The company’s 50-day moving average is $44.66 and its 200 day moving average is $41.47. New Oriental Education & Technology Group Inc. has a 12-month low of $21.73 and a 12-month high of $48.41. The firm has a market cap of $7.34 billion, a P/E ratio of 32.62 and a beta of 1.60.

New Oriental Education & Technology Group (NYSE:EDU) last issued its earnings results on Wednesday, July 20th. The company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.02. The business earned $394.90 million during the quarter, compared to analysts’ expectations of $389.98 million. New Oriental Education & Technology Group had a net margin of 15.21% and a return on equity of 16.90%. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.26 earnings per share. On average, analysts anticipate that New Oriental Education & Technology Group Inc. will post $1.80 EPS for the current fiscal year.

A number of research firms recently commented on EDU. T.H. Capital lifted their price target on shares of New Oriental Education & Technology Group from $34.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, July 21st. Zacks Investment Research raised shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Monday, September 12th. Daiwa Capital Markets began coverage on shares of New Oriental Education & Technology Group in a research note on Monday. They set a “buy” rating for the company. Jefferies Group reaffirmed a “buy” rating and set a $50.00 price target on shares of New Oriental Education & Technology Group in a research note on Friday, July 8th. Finally, Brean Capital reaffirmed a “buy” rating on shares of New Oriental Education & Technology Group in a research note on Tuesday, August 2nd. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $41.27.

About New Oriental Education & Technology Group

New Oriental Education & Technology Group Inc is a provider of private educational services in the People’s Republic of China (the PRC). The Company offers a range of educational programs, services and products, consisting primarily of English and other foreign language training, test preparation courses for admissions and assessment tests in the United States, the PRC and Commonwealth countries, primary and secondary school education, development and distribution of educational content, software and other technology, and online education.

5 Day Chart for NYSE:EDU

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