New Oriental Education & Technology Group Inc. (NYSE:EDU) Position Raised by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its stake in New Oriental Education & Technology Group Inc. (NYSE:EDU) by 3.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 143,666 shares of the company’s stock after buying an additional 4,492 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.09% of New Oriental Education & Technology Group worth $24,212,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. CI Investments Inc. increased its holdings in shares of New Oriental Education & Technology Group by 100.0% during the fourth quarter. CI Investments Inc. now owns 148 shares of the company’s stock valued at $27,000 after purchasing an additional 74 shares during the period. International Assets Investment Management LLC acquired a new position in shares of New Oriental Education & Technology Group during the fourth quarter valued at $29,000. Lenox Wealth Advisors LLC acquired a new position in shares of New Oriental Education & Technology Group during the fourth quarter valued at $32,000. Cowa LLC acquired a new position in shares of New Oriental Education & Technology Group during the fourth quarter valued at $34,000. Finally, JJJ Advisors Inc. increased its holdings in shares of New Oriental Education & Technology Group by 69.1% during the fourth quarter. JJJ Advisors Inc. now owns 257 shares of the company’s stock valued at $48,000 after purchasing an additional 105 shares during the period. 80.65% of the stock is currently owned by institutional investors.

NYSE:EDU opened at $14.58 on Thursday. New Oriental Education & Technology Group Inc. has a 1-year low of $10.71 and a 1-year high of $19.97. The firm has a market capitalization of $24.99 billion, a price-to-earnings ratio of 6.15 and a beta of 0.95. The stock has a fifty day simple moving average of $96.07 and a 200 day simple moving average of $151.59.

New Oriental Education & Technology Group (NYSE:EDU) last released its quarterly earnings results on Thursday, January 21st. The company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.18. New Oriental Education & Technology Group had a return on equity of 12.98% and a net margin of 10.85%. The business had revenue of $887.69 million during the quarter. During the same quarter last year, the business earned $0.36 EPS. On average, analysts anticipate that New Oriental Education & Technology Group Inc. will post 3.13 EPS for the current year.

EDU has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their price target on New Oriental Education & Technology Group from $191.00 to $194.00 and gave the company a “conviction-buy” rating in a report on Thursday, January 28th. Zacks Investment Research raised New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a report on Friday, March 26th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $177.63.

About New Oriental Education & Technology Group

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. It operates through K-12 AST, Test Preparation and Other Courses; and Others segments. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People's Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to enhance their exam scores, as well as for children to teach English.

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

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