Brown Advisory Inc. acquired a new stake in New Oriental Education & Technology Group, Inc. (NYSE:EDU) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 47,689 shares of the company’s stock, valued at approximately $4,209,000.

Other large investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in shares of New Oriental Education & Technology Group by 2.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,513 shares of the company’s stock worth $107,000 after purchasing an additional 35 shares during the last quarter. Financial Counselors Inc. increased its stake in shares of New Oriental Education & Technology Group by 1.0% during the 2nd quarter. Financial Counselors Inc. now owns 7,417 shares of the company’s stock worth $523,000 after purchasing an additional 76 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of New Oriental Education & Technology Group by 1.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 9,574 shares of the company’s stock worth $2,509,000 after purchasing an additional 95 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of New Oriental Education & Technology Group by 5.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 3,585 shares of the company’s stock worth $253,000 after purchasing an additional 182 shares during the last quarter. Finally, TD Asset Management Inc. increased its stake in shares of New Oriental Education & Technology Group by 3.2% during the 2nd quarter. TD Asset Management Inc. now owns 9,673 shares of the company’s stock worth $682,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 77.39% of the company’s stock.

New Oriental Education & Technology Group, Inc. (EDU) opened at $84.48 on Wednesday. The company has a market cap of $13,354.55, a P/E ratio of 45.78, a P/E/G ratio of 1.31 and a beta of 1.32. New Oriental Education & Technology Group, Inc. has a fifty-two week low of $40.01 and a fifty-two week high of $94.63.

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

Several brokerages have recently issued reports on EDU. Zacks Investment Research lowered shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Bank of America upgraded shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and set a $105.00 price target for the company in a research note on Monday, September 25th. Vetr downgraded shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating and set a $94.84 price objective for the company. in a report on Tuesday, October 10th. J P Morgan Chase & Co downgraded shares of New Oriental Education & Technology Group from a “neutral” rating to an “underweight” rating and set a $82.00 price objective for the company. in a report on Thursday, September 14th. Finally, CLSA downgraded shares of New Oriental Education & Technology Group from an “outperform” rating to an “underperform” rating in a report on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $89.76.

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New Oriental Education & Technology Group 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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