Global X MANAGEMENT CO LLC Has $8.55 Million Stake in New Oriental Education & Technology Group, Inc. (EDU)

Global X MANAGEMENT CO LLC lifted its stake in New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 48.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,836 shares of the company’s stock after purchasing an additional 31,718 shares during the quarter. Global X MANAGEMENT CO LLC owned about 0.06% of New Oriental Education & Technology Group worth $8,547,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Baillie Gifford & Co. boosted its position in shares of New Oriental Education & Technology Group by 0.6% in the 2nd quarter. Baillie Gifford & Co. now owns 8,264,923 shares of the company’s stock worth $582,594,000 after purchasing an additional 47,119 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of New Oriental Education & Technology Group by 130.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,854,260 shares of the company’s stock worth $342,177,000 after purchasing an additional 2,747,727 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of New Oriental Education & Technology Group by 633.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,377,489 shares of the company’s stock worth $238,074,000 after purchasing an additional 2,917,183 shares in the last quarter. Greenwoods Asset Management Ltd boosted its position in shares of New Oriental Education & Technology Group by 39.8% in the 2nd quarter. Greenwoods Asset Management Ltd now owns 2,845,660 shares of the company’s stock worth $200,591,000 after purchasing an additional 809,660 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of New Oriental Education & Technology Group by 18.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,333,593 shares of the company’s stock worth $164,495,000 after purchasing an additional 370,597 shares in the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of New Oriental Education & Technology Group, Inc. (NYSE EDU) traded up $0.11 on Friday, reaching $85.53. 747,400 shares of the company’s stock were exchanged, compared to its average volume of 2,194,007. The stock has a market cap of $13,486.97, a price-to-earnings ratio of 46.23, a PEG ratio of 1.33 and a beta of 1.31. New Oriental Education & Technology Group, Inc. has a 1-year low of $37.16 and a 1-year high of $94.63.

New Oriental Education & Technology Group (NYSE:EDU) last announced its earnings results on Tuesday, October 24th. The company reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.04). The company had revenue of $661.20 million for the quarter, compared to analysts’ expectations of $643.90 million. New Oriental Education & Technology Group had a net margin of 15.15% and a return on equity of 17.32%. New Oriental Education & Technology Group’s quarterly revenue was up 23.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 earnings per share. equities research analysts anticipate that New Oriental Education & Technology Group, Inc. will post 2.03 earnings per share for the current year.

Several research firms recently issued reports on EDU. Bank of America Corporation raised New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and set a $105.00 price objective on the stock in a research report on Monday, September 25th. Zacks Investment Research cut New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. UBS AG began coverage on New Oriental Education & Technology Group in a research report on Tuesday, August 1st. They issued a “buy” rating and a $96.75 price objective on the stock. BidaskClub cut New Oriental Education & Technology Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Vetr cut New Oriental Education & Technology Group from a “buy” rating to a “hold” rating and set a $94.84 price objective on the stock. in a research report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $89.76.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group Inc is a provider of private educational services in the People’s Republic of China (the PRC). The Company provides educational services under its New Oriental brand. The Company operates through seven segments, which include language training and test preparation, primary and secondary school education, online education, content development and distribution, pre-school education, overseas study consulting services and study tour.

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

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