Headlands Technologies LLC Purchases 11,258 Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU)

Headlands Technologies LLC grew its position in New Oriental Education & Technology Group Inc. (NYSE:EDU) by 151.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,696 shares of the company’s stock after buying an additional 11,258 shares during the period. Headlands Technologies LLC’s holdings in New Oriental Education & Technology Group were worth $1,370,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. FMR LLC raised its holdings in New Oriental Education & Technology Group by 92.7% during the 3rd quarter. FMR LLC now owns 6,631,500 shares of the company’s stock worth $388,274,000 after buying an additional 3,189,254 shares during the period. Sylebra Capital LLC acquired a new stake in shares of New Oriental Education & Technology Group during the third quarter worth $63,935,000. Schroder Investment Management Group raised its holdings in shares of New Oriental Education & Technology Group by 22.8% during the third quarter. Schroder Investment Management Group now owns 4,094,455 shares of the company’s stock worth $239,730,000 after acquiring an additional 760,062 shares during the period. WT Asset Management Ltd increased its holdings in New Oriental Education & Technology Group by 48.9% during the 3rd quarter. WT Asset Management Ltd now owns 1,899,128 shares of the company’s stock worth $111,194,000 after purchasing an additional 623,435 shares in the last quarter. Finally, Ariose Capital Management Ltd bought a new position in New Oriental Education & Technology Group during the 4th quarter worth about $30,631,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EDU. StockNews.com lowered New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Morgan Stanley lifted their price objective on shares of New Oriental Education & Technology Group from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Finally, Citigroup increased their target price on shares of New Oriental Education & Technology Group from $66.00 to $127.00 and gave the stock a “buy” rating in a report on Thursday. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, New Oriental Education & Technology Group has an average rating of “Moderate Buy” and a consensus price target of $97.67.

New Oriental Education & Technology Group Stock Performance

EDU opened at $83.26 on Friday. The business’s 50-day simple moving average is $89.12 and its 200 day simple moving average is $78.98. New Oriental Education & Technology Group Inc. has a 52-week low of $35.70 and a 52-week high of $98.20. The firm has a market capitalization of $14.13 billion, a PE ratio of 44.76 and a beta of 0.49.

New Oriental Education & Technology Group (NYSE:EDU) last posted its quarterly earnings results on Wednesday, January 24th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.23). New Oriental Education & Technology Group had a return on equity of 8.11% and a net margin of 7.72%. The company had revenue of $869.60 million for the quarter, compared to analyst estimates of $814.01 million. 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, research analysts forecast that New Oriental Education & Technology Group Inc. will post 2.02 earnings per share for the current year.

New Oriental Education & Technology Group Profile

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.