Beverly Hills Private Wealth LLC Has $296,000 Stock Holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Beverly Hills Private Wealth LLC decreased its holdings in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,042 shares of the company’s stock after selling 160 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in New Oriental Education & Technology Group were worth $296,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Tobam acquired a new stake in shares of New Oriental Education & Technology Group during the fourth quarter worth $3,979,000. FengHe Fund Management Pte. Ltd. acquired a new stake in shares of New Oriental Education & Technology Group during the fourth quarter worth $2,037,000. Ariose Capital Management Ltd acquired a new stake in shares of New Oriental Education & Technology Group during the fourth quarter worth $30,631,000. Clearbridge Investments LLC lifted its holdings in shares of New Oriental Education & Technology Group by 14.7% during the third quarter. Clearbridge Investments LLC now owns 65,002 shares of the company’s stock worth $3,806,000 after buying an additional 8,306 shares in the last quarter. Finally, XY Capital Ltd lifted its holdings in shares of New Oriental Education & Technology Group by 376.4% during the third quarter. XY Capital Ltd now owns 102,903 shares of the company’s stock worth $6,025,000 after buying an additional 81,303 shares in the last quarter.

New Oriental Education & Technology Group Stock Down 1.2 %

EDU stock opened at $85.53 on Tuesday. The company has a market cap of $14.51 billion, a PE ratio of 46.99 and a beta of 0.49. The business has a 50-day simple moving average of $89.68 and a 200 day simple moving average of $77.66. New Oriental Education & Technology Group Inc. has a 52 week low of $35.70 and a 52 week high of $98.20.

New Oriental Education & Technology Group (NYSE:EDU) last posted its quarterly earnings results on Wednesday, January 24th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.23). The company had revenue of $869.60 million during the quarter, compared to analyst estimates of $814.01 million. New Oriental Education & Technology Group had a net margin of 8.54% and a return on equity of 7.97%. The firm’s revenue for the quarter was up 36.3% compared to the same quarter last year. During the same period last year, the firm earned $0.01 EPS. On average, analysts anticipate that New Oriental Education & Technology Group Inc. will post 2.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EDU. Morgan Stanley lifted their target price on New Oriental Education & Technology Group from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. StockNews.com downgraded New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a report on Thursday, January 4th.

About New Oriental Education & Technology Group

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.