KBC Group NV lessened its holdings in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 12.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,638 shares of the company’s stock after selling 366 shares during the period. KBC Group NV’s holdings in New Oriental Education & Technology Group were worth $186,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in EDU. Tower Research Capital LLC TRC increased its holdings in New Oriental Education & Technology Group by 64.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,319 shares of the company’s stock valued at $140,000 after purchasing an additional 905 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in New Oriental Education & Technology Group during the 1st quarter valued at about $205,000. Timber Hill LLC purchased a new position in New Oriental Education & Technology Group during the 1st quarter valued at about $220,000. Wetherby Asset Management Inc. purchased a new position in New Oriental Education & Technology Group during the 2nd quarter valued at about $227,000. Finally, Atria Investments LLC purchased a new position in New Oriental Education & Technology Group during the 2nd quarter valued at about $240,000. Institutional investors own 76.33% of the company’s stock.

New Oriental Education & Technology Group, Inc. (NYSE:EDU) opened at 87.89 on Monday. The stock has a market cap of $13.86 billion, a P/E ratio of 50.51 and a beta of 1.37. The firm’s 50 day moving average price is $80.83 and its 200-day moving average price is $69.34. New Oriental Education & Technology Group, Inc. has a 12-month low of $37.16 and a 12-month high of $91.99.

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

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

A number of brokerages recently issued reports on EDU. BidaskClub downgraded New Oriental Education & Technology Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Jefferies Group LLC restated a “buy” rating and set a $74.80 price target on shares of New Oriental Education & Technology Group in a report on Friday, July 14th. Benchmark Co. boosted their price target on New Oriental Education & Technology Group from $75.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. UBS AG began coverage on New Oriental Education & Technology Group in a report on Tuesday, August 1st. They set a “buy” rating and a $96.75 price target on the stock. Finally, Zacks Investment Research downgraded New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a report on Friday, July 28th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. New Oriental Education & Technology Group currently has a consensus rating of “Buy” and an average target price of $79.32.

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New Oriental Education & Technology Group Company 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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