All Stars Investment Ltd reduced its position in New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 79.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,927 shares of the company’s stock after selling 270,000 shares during the quarter. New Oriental Education & Technology Group makes up about 7.6% of All Stars Investment Ltd’s holdings, making the stock its 5th largest position. All Stars Investment Ltd’s holdings in New Oriental Education & Technology Group were worth $4,859,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in EDU. BlackRock Inc. grew its position in shares of New Oriental Education & Technology Group by 5,434.7% in the first quarter. BlackRock Inc. now owns 6,286,645 shares of the company’s stock valued at $379,587,000 after purchasing an additional 6,173,060 shares in the last quarter. Greenwoods Asset Management Ltd grew its position in shares of New Oriental Education & Technology Group by 2,187.6% in the first quarter. Greenwoods Asset Management Ltd now owns 2,036,000 shares of the company’s stock valued at $122,934,000 after purchasing an additional 1,947,000 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in shares of New Oriental Education & Technology Group by 235.2% in the first quarter. UBS Asset Management Americas Inc. now owns 2,106,533 shares of the company’s stock valued at $127,192,000 after purchasing an additional 1,478,100 shares in the last quarter. Columbia Wanger Asset Management LLC purchased a new position in shares of New Oriental Education & Technology Group in the first quarter valued at $57,392,000. Finally, Jericho Capital Asset Management L.P. purchased a new position in shares of New Oriental Education & Technology Group in the first quarter valued at $44,198,000. 76.33% of the stock is owned by institutional investors and hedge funds.

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Several equities analysts have recently weighed in on EDU shares. Goldman Sachs Group, Inc. (The) upgraded New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 16th. Zacks Investment Research upgraded New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research report on Tuesday, July 18th. BidaskClub cut New Oriental Education & Technology Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Morgan Stanley assumed coverage on New Oriental Education & Technology Group in a research report on Friday, August 25th. They set an “overweight” rating and a $100.00 target price for the company. Finally, J P Morgan Chase & Co restated a “neutral” rating and set a $62.00 target price on shares of New Oriental Education & Technology Group in a research report on Wednesday, May 17th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $79.32.

Shares of New Oriental Education & Technology Group, Inc. (EDU) traded up 7.53% during midday trading on Thursday, reaching $89.55. The company’s stock had a trading volume of 704,076 shares. The company’s 50-day moving average price is $80.32 and its 200-day moving average price is $69.05. The company has a market cap of $14.12 billion, a PE ratio of 51.47 and a beta of 1.37. New Oriental Education & Technology Group, Inc. has a 12 month low of $37.16 and a 12 month high of $89.65.

New Oriental Education & Technology Group (NYSE:EDU) last released its quarterly earnings results on Tuesday, July 25th. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.03. The company had revenue of $486.40 million during the quarter, compared to analysts’ expectations of $477.81 million. New Oriental Education & Technology Group had a return on equity of 17.02% and a net margin of 15.25%. The company’s revenue was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.29 EPS. On average, equities analysts anticipate that New Oriental Education & Technology Group, Inc. will post $2.37 EPS for the current fiscal year.

The business also recently declared a special dividend, which will be paid on Friday, October 6th. Investors of record on Wednesday, September 6th will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, September 1st. This is a positive change from New Oriental Education & Technology Group’s previous special dividend of $0.40.

New Oriental Education & Technology Group Profile

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.

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

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