Posted by Defense World Staff on Jun 2nd, 2024 
Assetmark Inc. raised its position in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU – Free Report) by 1,642.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 610 shares of the company’s stock after purchasing an additional 575 shares during the period. Assetmark Inc.’s holdings in New Oriental Education & Technology Group were worth $45,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC boosted its holdings in shares of New Oriental Education & Technology Group by 92.7% in the third quarter. FMR LLC now owns 6,631,500 shares of the company’s stock worth $388,274,000 after acquiring an additional 3,189,254 shares during the period. Sylebra Capital LLC purchased a new position in New Oriental Education & Technology Group during the 3rd quarter valued at about $63,935,000. Shah Capital Management purchased a new position in New Oriental Education & Technology Group during the 4th quarter valued at about $60,659,000. Schroder Investment Management Group increased its holdings in New Oriental Education & Technology Group by 22.8% during the 3rd quarter. Schroder Investment Management Group now owns 4,094,455 shares of the company’s stock valued at $239,730,000 after purchasing an additional 760,062 shares during the period. Finally, UBS Group AG increased its holdings in New Oriental Education & Technology Group by 557.4% during the 4th quarter. UBS Group AG now owns 862,911 shares of the company’s stock valued at $63,234,000 after purchasing an additional 731,652 shares during the period.
A number of brokerages recently issued reports on EDU. Citigroup boosted their price target on New Oriental Education & Technology Group from $66.00 to $127.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Morgan Stanley boosted their price target on New Oriental Education & Technology Group from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Finally, HSBC assumed coverage on New Oriental Education & Technology Group in a research report on Wednesday. They issued a “buy” rating and a $110.00 price target on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, New Oriental Education & Technology Group presently has an average rating of “Moderate Buy” and an average price target of $100.75.
Check Out Our Latest Stock Analysis on New Oriental Education & Technology Group
Shares of NYSE EDU opened at $79.93 on Friday. New Oriental Education & Technology Group Inc. has a twelve month low of $36.22 and a twelve month high of $98.20. The firm has a market cap of $13.56 billion, a P/E ratio of 42.97 and a beta of 0.52. The company has a 50 day moving average of $84.08 and a 200 day moving average of $82.13.
New Oriental Education & Technology Group (NYSE:EDU – Get Free Report) last announced its earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06). The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.09 billion. New Oriental Education & Technology Group had a net margin of 7.72% and a return on equity of 8.11%. As a group, equities analysts expect that New Oriental Education & Technology Group Inc. will post 1.86 earnings per share for the current fiscal year.
(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.
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