Wells Fargo & Company MN grew its position in China Distance Education Holdings Limited (NYSE:DL) by 29,358.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 544,988 shares of the technology company’s stock after buying an additional 543,138 shares during the period. Wells Fargo & Company MN owned approximately 1.65% of China Distance Education Holdings Limited worth $4,862,000 as of its most recent SEC filing.

Separately, Van Berkom & Associates Inc. raised its holdings in China Distance Education Holdings Limited by 46.7% in the second quarter. Van Berkom & Associates Inc. now owns 146,382 shares of the technology company’s stock worth $1,306,000 after buying an additional 46,620 shares during the last quarter. 20.01% of the stock is currently owned by institutional investors.

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China Distance Education Holdings Limited (NYSE:DL) opened at 8.61 on Friday. The stock has a market capitalization of $283.81 million, a PE ratio of 13.52 and a beta of 1.46. The firm has a 50-day moving average of $7.07 and a 200 day moving average of $8.57. China Distance Education Holdings Limited has a one year low of $6.61 and a one year high of $13.79.

China Distance Education Holdings Limited (NYSE:DL) last released its quarterly earnings results on Wednesday, August 23rd. The technology company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). China Distance Education Holdings Limited had a net margin of 16.70% and a return on equity of 38.05%. The firm had revenue of $35.44 million during the quarter. On average, equities research analysts anticipate that China Distance Education Holdings Limited will post $0.65 earnings per share for the current fiscal year.

Separately, ValuEngine raised shares of China Distance Education Holdings Limited from a “hold” rating to a “buy” rating in a report on Monday, October 2nd.

China Distance Education Holdings Limited Profile

China Distance Education Holdings Limited is a holding company. The Company is engaged in providing online and offline education services, and selling related products in the People’s Republic of China (PRC). The Company’s segments include online education services, business start-up training services and the sale of learning simulation software.

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Institutional Ownership by Quarter for China Distance Education Holdings Limited (NYSE:DL)

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