Goldman Sachs Group Inc. Increases Stock Holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Goldman Sachs Group Inc. lifted its position in New Oriental Education & Technology Group Inc. (NYSE:EDUFree Report) by 37.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,374,408 shares of the company’s stock after buying an additional 646,122 shares during the quarter. Goldman Sachs Group Inc.’s holdings in New Oriental Education & Technology Group were worth $173,997,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Profund Advisors LLC increased its position in shares of New Oriental Education & Technology Group by 2.6% in the third quarter. Profund Advisors LLC now owns 17,541 shares of the company’s stock worth $1,027,000 after purchasing an additional 451 shares during the last quarter. Assetmark Inc. increased its position in shares of New Oriental Education & Technology Group by 1,642.9% in the fourth quarter. Assetmark Inc. now owns 610 shares of the company’s stock worth $45,000 after purchasing an additional 575 shares during the last quarter. Deutsche Bank AG increased its position in shares of New Oriental Education & Technology Group by 2.8% in the third quarter. Deutsche Bank AG now owns 22,572 shares of the company’s stock worth $1,322,000 after purchasing an additional 605 shares during the last quarter. Dfpg Investments LLC increased its position in shares of New Oriental Education & Technology Group by 7.3% in the fourth quarter. Dfpg Investments LLC now owns 11,674 shares of the company’s stock worth $852,000 after purchasing an additional 793 shares during the last quarter. Finally, Ritholtz Wealth Management increased its position in shares of New Oriental Education & Technology Group by 12.8% in the fourth quarter. Ritholtz Wealth Management now owns 15,221 shares of the company’s stock worth $1,115,000 after purchasing an additional 1,729 shares during the last quarter.

New Oriental Education & Technology Group Stock Performance

EDU stock traded down $1.37 on Friday, reaching $75.18. The company’s stock had a trading volume of 1,324,641 shares, compared to its average volume of 1,194,288. The business has a fifty day simple moving average of $82.10 and a two-hundred day simple moving average of $82.50. New Oriental Education & Technology Group Inc. has a 12-month low of $36.22 and a 12-month high of $98.20. The firm has a market cap of $12.76 billion, a PE ratio of 40.42 and a beta of 0.48.

New Oriental Education & Technology Group (NYSE:EDUGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06). The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.09 billion. New Oriental Education & Technology Group had a return on equity of 8.11% and a net margin of 7.72%. As a group, research analysts anticipate that New Oriental Education & Technology Group Inc. will post 1.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on EDU. Citigroup increased their price target on shares of New Oriental Education & Technology Group from $66.00 to $127.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. HSBC assumed coverage on shares of New Oriental Education & Technology Group in a research report on Wednesday, May 29th. They set a “buy” rating and a $110.00 price target on the stock. Finally, Morgan Stanley raised their target price on shares of 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. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.75.

Read Our Latest Report on New Oriental Education & Technology Group

New Oriental Education & Technology Group Company Profile

(Free Report)

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.

Further Reading

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

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