New Oriental Sees Unusually High Options Volume (EDU)

New Oriental (NYSE:EDU) was the recipient of some unusual options trading activity on Tuesday. Investors acquired 40,655 call options on the company. This is an increase of approximately 4,706% compared to the typical daily volume of 846 call options.

Several hedge funds have recently made changes to their positions in EDU. Schroder Investment Management Group increased its holdings in New Oriental by 10.3% during the fourth quarter. Schroder Investment Management Group now owns 11,153,802 shares of the company’s stock worth $1,048,458,000 after buying an additional 1,043,063 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in New Oriental by 7.3% during the fourth quarter. UBS Asset Management Americas Inc. now owns 5,951,664 shares of the company’s stock worth $559,456,000 after buying an additional 402,704 shares during the last quarter. BRILLIANCE ASSET MANAGEMENT Ltd increased its holdings in New Oriental by 3.1% during the fourth quarter. BRILLIANCE ASSET MANAGEMENT Ltd now owns 1,656,719 shares of the company’s stock worth $155,732,000 after buying an additional 50,161 shares during the last quarter. Deutsche Bank AG increased its holdings in New Oriental by 6.8% during the fourth quarter. Deutsche Bank AG now owns 1,625,170 shares of the company’s stock worth $152,764,000 after buying an additional 103,612 shares during the last quarter. Finally, Lazard Asset Management LLC increased its holdings in New Oriental by 24.5% during the fourth quarter. Lazard Asset Management LLC now owns 1,257,976 shares of the company’s stock worth $118,249,000 after buying an additional 247,734 shares during the last quarter. 79.65% of the stock is currently owned by institutional investors and hedge funds.

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EDU has been the topic of a number of research reports. Zacks Investment Research raised shares of New Oriental from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research note on Tuesday, March 27th. ValuEngine lowered shares of New Oriental from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. CLSA raised shares of New Oriental from an “underperform” rating to an “outperform” rating in a research report on Wednesday, December 20th. JPMorgan Chase raised shares of New Oriental from an “underweight” rating to a “neutral” rating and set a $72.00 price objective on the stock in a research report on Monday, March 5th. Finally, Deutsche Bank began coverage on shares of New Oriental in a research report on Thursday, January 4th. They issued a “buy” rating and a $116.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $100.18.

Shares of EDU stock opened at $92.40 on Wednesday. The firm has a market capitalization of $14,417.36, a PE ratio of 50.51, a price-to-earnings-growth ratio of 1.49 and a beta of 1.32. New Oriental has a 12 month low of $59.83 and a 12 month high of $108.40.

New Oriental (NYSE:EDU) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.03). The business had revenue of $467.20 million during the quarter, compared to the consensus estimate of $456.93 million. New Oriental had a return on equity of 16.19% and a net margin of 13.92%. The business’s revenue for the quarter was up 36.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.08 EPS. research analysts forecast that New Oriental will post 1.93 EPS for the current year.

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New Oriental Company 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 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 segments.

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