New Oriental Education & Technology Group Inc. (NYSE:EDU) Shares Bought by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec grew its stake in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) by 49.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 180,151 shares of the company’s stock after acquiring an additional 59,429 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.11% of New Oriental Education & Technology Group worth $13,663,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of EDU. Ridgewood Investments LLC acquired a new stake in New Oriental Education & Technology Group during the 2nd quarter worth approximately $43,000. Ashton Thomas Private Wealth LLC acquired a new stake in New Oriental Education & Technology Group during the 2nd quarter worth approximately $50,000. Blue Trust Inc. increased its position in New Oriental Education & Technology Group by 782.4% during the 2nd quarter. Blue Trust Inc. now owns 803 shares of the company’s stock worth $62,000 after purchasing an additional 712 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in New Oriental Education & Technology Group by 14.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,658 shares of the company’s stock worth $126,000 after purchasing an additional 206 shares in the last quarter. Finally, Hancock Whitney Corp acquired a new stake in New Oriental Education & Technology Group during the 2nd quarter worth approximately $212,000.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EDU. Morgan Stanley set a $83.00 target price on shares of New Oriental Education & Technology Group in a research report on Thursday, October 17th. StockNews.com raised shares of New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th.

New Oriental Education & Technology Group Stock Down 2.0 %

NYSE EDU opened at $58.32 on Monday. The stock has a market cap of $9.90 billion, a PE ratio of 24.92 and a beta of 0.49. New Oriental Education & Technology Group Inc. has a fifty-two week low of $54.00 and a fifty-two week high of $98.20. The business has a 50 day moving average price of $65.14 and a two-hundred day moving average price of $69.62.

New Oriental Education & Technology Group (NYSE:EDU) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.27. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.45 billion. New Oriental Education & Technology Group had a return on equity of 9.43% and a net margin of 8.38%. New Oriental Education & Technology Group’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 EPS. Sell-side analysts anticipate that New Oriental Education & Technology Group Inc. will post 2.94 EPS for the current fiscal year.

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. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.