Sei Investments Co. lowered its position in New Oriental Education & Technology Group Inc. (NYSE:EDU) by 5.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 356,734 shares of the company’s stock after selling 19,629 shares during the period. Sei Investments Co. owned about 0.23% of New Oriental Education & Technology Group worth $16,538,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Creative Planning raised its stake in shares of New Oriental Education & Technology Group by 56.7% in the third quarter. Creative Planning now owns 2,956 shares of the company’s stock worth $137,000 after buying an additional 1,069 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of New Oriental Education & Technology Group by 40.1% in the third quarter. PNC Financial Services Group Inc. now owns 3,237 shares of the company’s stock worth $149,000 after buying an additional 926 shares in the last quarter. Daiwa SB Investments Ltd. purchased a new stake in shares of New Oriental Education & Technology Group during the third quarter worth $185,000. Panagora Asset Management Inc. purchased a new stake in shares of New Oriental Education & Technology Group during the second quarter worth $198,000. Finally, Prudence Asset Management Ltd purchased a new stake in shares of New Oriental Education & Technology Group during the second quarter worth $209,000. 77.43% of the stock is owned by institutional investors.

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

Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) remained flat at $50.19 during midday trading on Wednesday. 274,483 shares of the stock traded hands. The company has a market capitalization of $7.90 billion, a P/E ratio of 33.39 and a beta of 1.32. New Oriental Education & Technology Group Inc. has a 12-month low of $27.40 and a 12-month high of $53.38. The firm’s 50 day moving average is $49.42 and its 200 day moving average is $44.40.

New Oriental Education & Technology Group (NYSE:EDU) last announced its earnings results on Tuesday, October 25th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.99 by $0.09. New Oriental Education & Technology Group had a net margin of 15.28% and a return on equity of 16.87%. The firm earned $534.10 million during the quarter, compared to analyst estimates of $521.77 million. During the same period in the prior year, the business posted $0.84 EPS. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, equities research analysts expect that New Oriental Education & Technology Group Inc. will post $1.76 EPS for the current fiscal year.

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A number of brokerages recently weighed in on EDU. Brean Capital boosted their price objective on New Oriental Education & Technology Group to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, October 26th. Zacks Investment Research lowered New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, Daiwa Capital Markets began coverage on New Oriental Education & Technology Group in a research report on Monday, October 10th. They set a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. New Oriental Education & Technology Group presently has an average rating of “Buy” and a consensus target price of $44.30.

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 provides educational services under its New Oriental brand. The Company operates through seven segments, which include language training and test preparation, primary and secondary school education, online education, content development and distribution, pre-school education, overseas study consulting services and study tour.

5 Day Chart for NYSE:EDU

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