Point72 Asia Singapore Pte. Ltd. Acquires New Position in New Oriental Education & Technology Group, Inc. (EDU)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) during the first quarter, Holdings Channel reports. The firm acquired 9,000 shares of the company’s stock, valued at approximately $543,000. New Oriental Education & Technology Group comprises approximately 0.2% of Point72 Asia Singapore Pte. Ltd.’s investment portfolio, making the stock its 19th largest position.

Other institutional investors also recently made changes to their positions in the company. Advisors Preferred LLC bought a new position in shares of New Oriental Education & Technology Group during the first quarter valued at approximately $147,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of New Oriental Education & Technology Group during the first quarter valued at approximately $205,000. Timber Hill LLC bought a new position in shares of New Oriental Education & Technology Group during the first quarter valued at approximately $220,000. Oxford Asset Management bought a new position in shares of New Oriental Education & Technology Group during the fourth quarter valued at approximately $258,000. Finally, GSA Capital Partners LLP raised its position in shares of New Oriental Education & Technology Group by 4.8% in the fourth quarter. GSA Capital Partners LLP now owns 8,113 shares of the company’s stock valued at $342,000 after buying an additional 373 shares during the last quarter. 83.43% of the stock is owned by hedge funds and other institutional investors.

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

New Oriental Education & Technology Group, Inc. (NYSE EDU) traded up 1.79% on Friday, hitting $74.10. The stock had a trading volume of 851,751 shares. New Oriental Education & Technology Group, Inc. has a one year low of $37.16 and a one year high of $83.21. The stock’s 50 day moving average is $70.91 and its 200 day moving average is $56.03. The stock has a market cap of $11.68 billion, a price-to-earnings ratio of 44.67 and a beta of 1.27.

New Oriental Education & Technology Group (NYSE:EDU) last announced its earnings results on Monday, April 24th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. The firm had revenue of $437.90 million for the quarter, compared to the consensus estimate of $418.67 million. New Oriental Education & Technology Group had a return on equity of 16.94% and a net margin of 15.28%. The firm’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 EPS. Analysts anticipate that New Oriental Education & Technology Group, Inc. will post $1.86 earnings per share for the current year.

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Several brokerages recently weighed in on EDU. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $62.00 price target on shares of New Oriental Education & Technology Group in a report on Wednesday, May 17th. Zacks Investment Research raised shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Tuesday, April 25th. Jefferies Group LLC reaffirmed a “buy” rating and set a $74.80 price objective on shares of New Oriental Education & Technology Group in a research note on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) raised shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 16th. Finally, Benchmark Co. assumed coverage on shares of New Oriental Education & Technology Group in a research note on Tuesday, April 18th. They set a “buy” rating and a $75.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $64.54.

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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