Quantitative Systematic Strategies LLC acquired a new stake in shares of New Oriental Education & Tech Grp (NYSE:EDU) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,504 shares of the company’s stock, valued at approximately $235,000.

A number of other hedge funds have also recently bought and sold shares of EDU. JPMorgan Chase & Co. lifted its stake in New Oriental Education & Tech Grp by 769.8% during the third quarter. JPMorgan Chase & Co. now owns 2,017,034 shares of the company’s stock valued at $176,955,000 after buying an additional 1,785,142 shares in the last quarter. Greenwoods Asset Management Ltd lifted its stake in New Oriental Education & Tech Grp by 35.8% during the third quarter. Greenwoods Asset Management Ltd now owns 3,863,060 shares of the company’s stock valued at $340,954,000 after buying an additional 1,017,400 shares in the last quarter. Ariose Capital Management Ltd purchased a new stake in New Oriental Education & Tech Grp during the third quarter valued at about $46,098,000. BRILLIANCE ASSET MANAGEMENT Ltd lifted its stake in New Oriental Education & Tech Grp by 20.0% during the third quarter. BRILLIANCE ASSET MANAGEMENT Ltd now owns 1,606,558 shares of the company’s stock valued at $141,795,000 after buying an additional 267,472 shares in the last quarter. Finally, DSM Capital Partners LLC lifted its stake in New Oriental Education & Tech Grp by 110.2% during the third quarter. DSM Capital Partners LLC now owns 506,765 shares of the company’s stock valued at $44,727,000 after buying an additional 265,647 shares in the last quarter. 76.67% of the stock is owned by institutional investors.

Shares of New Oriental Education & Tech Grp (EDU) opened at $85.00 on Friday. The stock has a market cap of $13,403.39, a P/E ratio of 46.96, a PEG ratio of 1.40 and a beta of 1.38. New Oriental Education & Tech Grp has a 52-week low of $47.99 and a 52-week high of $108.40.

New Oriental Education & Tech Grp (NYSE:EDU) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The company had revenue of $467.20 million during the quarter, compared to analysts’ expectations of $456.93 million. New Oriental Education & Tech Grp had a return on equity of 16.19% and a net margin of 13.92%. New Oriental Education & Tech Grp’s revenue for the quarter was up 36.9% compared to the same quarter last year. During the same period last year, the company earned $0.08 earnings per share. sell-side analysts anticipate that New Oriental Education & Tech Grp will post 1.91 EPS for the current fiscal year.

A number of analysts have commented on EDU shares. CLSA lowered shares of New Oriental Education & Tech Grp from an “outperform” rating to an “underperform” rating in a research note on Tuesday, October 24th. Jefferies Group reaffirmed a “buy” rating and set a $109.00 price objective on shares of New Oriental Education & Tech Grp in a research note on Thursday, October 26th. Zacks Investment Research lowered shares of New Oriental Education & Tech Grp from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Deutsche Bank assumed coverage on shares of New Oriental Education & Tech Grp in a research report on Thursday, January 4th. They issued a “buy” rating and a $116.00 price target for the company. Finally, Benchmark increased their price target on shares of New Oriental Education & Tech Grp from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $98.95.

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New Oriental Education & Tech Grp 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 & Tech Grp (NYSE:EDU)

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