Point72 Hong Kong Ltd increased its holdings in shares of New Oriental Education & Tech Grp (NYSE:EDU) by 73.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 117,127 shares of the company’s stock after buying an additional 49,500 shares during the quarter. New Oriental Education & Tech Grp accounts for about 3.1% of Point72 Hong Kong Ltd’s holdings, making the stock its 5th biggest holding. Point72 Hong Kong Ltd owned approximately 0.08% of New Oriental Education & Tech Grp worth $11,312,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in EDU. Dimensional Fund Advisors LP lifted its position in shares of New Oriental Education & Tech Grp by 22.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 356,779 shares of the company’s stock worth $19,568,000 after buying an additional 64,600 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in New Oriental Education & Tech Grp in the 1st quarter worth about $219,000. Cornerstone Advisors Inc. increased its holdings in New Oriental Education & Tech Grp by 96.5% in the 1st quarter. Cornerstone Advisors Inc. now owns 454 shares of the company’s stock worth $41,000 after purchasing an additional 223 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in New Oriental Education & Tech Grp by 55.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,141 shares of the company’s stock worth $643,000 after purchasing an additional 2,551 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in New Oriental Education & Tech Grp by 0.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 481,126 shares of the company’s stock worth $43,345,000 after purchasing an additional 3,145 shares in the last quarter. Institutional investors and hedge funds own 86.32% of the company’s stock.

EDU has been the subject of a number of recent research reports. Zacks Investment Research cut New Oriental Education & Tech Grp from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 25th. ValuEngine cut New Oriental Education & Tech Grp from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Morgan Stanley upped their target price on New Oriental Education & Tech Grp from $95.00 to $106.00 and gave the stock a “positive” rating in a report on Friday, June 14th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. New Oriental Education & Tech Grp has a consensus rating of “Buy” and a consensus target price of $92.73.

EDU traded down $1.72 on Friday, reaching $111.39. The stock had a trading volume of 937,913 shares, compared to its average volume of 1,014,095. New Oriental Education & Tech Grp has a fifty-two week low of $50.30 and a fifty-two week high of $115.88. The firm has a 50-day moving average of $107.52 and a 200-day moving average of $94.21. The company has a current ratio of 1.73, a quick ratio of 1.71 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $15.81 billion, a price-to-earnings ratio of 74.26, a price-to-earnings-growth ratio of 1.12 and a beta of 1.46.

New Oriental Education & Tech Grp (NYSE:EDU) last issued its earnings results on Tuesday, July 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.39). New Oriental Education & Tech Grp had a return on equity of 12.97% and a net margin of 7.69%. The firm had revenue of $842.90 million during the quarter, compared to analyst estimates of $833.78 million. During the same period in the previous year, the company earned $0.55 EPS. New Oriental Education & Tech Grp’s revenue for the quarter was up 20.2% on a year-over-year basis. Sell-side analysts anticipate that New Oriental Education & Tech Grp will post 3.02 EPS for the current fiscal year.

New Oriental Education & Tech Grp Company Profile

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 Language Training and Test Preparation 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 achieve better scores on entrance exams for admission into high schools or higher education institutions, as well as for children to teach English.

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Institutional Ownership by Quarter for New Oriental Education & Tech Grp (NYSE:EDU)

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