Daiwa Securities Group Inc. Sells 10,510 Shares of New Oriental Education & Tech Grp (NYSE:EDU)

Daiwa Securities Group Inc. decreased its position in shares of New Oriental Education & Tech Grp (NYSE:EDU) by 22.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,650 shares of the company’s stock after selling 10,510 shares during the period. Daiwa Securities Group Inc.’s holdings in New Oriental Education & Tech Grp were worth $3,302,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Shine Investment Advisory Services Inc. acquired a new stake in shares of New Oriental Education & Tech Grp in the first quarter valued at approximately $45,000. Advisory Services Network LLC increased its holdings in shares of New Oriental Education & Tech Grp by 31.1% in the fourth quarter. Advisory Services Network LLC now owns 876 shares of the company’s stock valued at $48,000 after purchasing an additional 208 shares in the last quarter. Federated Investors Inc. PA acquired a new stake in shares of New Oriental Education & Tech Grp in the third quarter valued at approximately $81,000. Quadrant Capital Group LLC grew its holdings in New Oriental Education & Tech Grp by 1,292.8% during the 4th quarter. Quadrant Capital Group LLC now owns 1,351 shares of the company’s stock worth $73,000 after acquiring an additional 1,254 shares during the period. Finally, Quantamental Technologies LLC acquired a new stake in New Oriental Education & Tech Grp during the 4th quarter worth $123,000. 87.63% of the stock is owned by institutional investors.

A number of research firms have commented on EDU. Zacks Investment Research raised shares of New Oriental Education & Tech Grp from a “hold” rating to a “strong-buy” rating and set a $107.00 target price for the company in a report on Wednesday, April 24th. ValuEngine lowered shares of New Oriental Education & Tech Grp from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Benchmark reaffirmed a “buy” rating and set a $105.00 target price (up previously from $90.00) on shares of New Oriental Education & Tech Grp in a report on Wednesday, April 24th. Morgan Stanley raised shares of New Oriental Education & Tech Grp from an “equal weight” rating to an “overweight” rating and set a $81.75 target price for the company in a report on Monday, March 25th. Finally, Citigroup lifted their target price on shares of New Oriental Education & Tech Grp from $80.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $90.37.

Shares of NYSE EDU traded down $1.68 during midday trading on Wednesday, reaching $82.84. 1,056,100 shares of the stock were exchanged, compared to its average volume of 1,527,224. The stock has a market cap of $12.01 billion, a price-to-earnings ratio of 44.30, a P/E/G ratio of 1.55 and a beta of 1.59. New Oriental Education & Tech Grp has a 12 month low of $50.30 and a 12 month high of $108.24. The company has a quick ratio of 1.61, a current ratio of 1.63 and a debt-to-equity ratio of 0.02.

New Oriental Education & Tech Grp (NYSE:EDU) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.55 by $0.14. The business had revenue of $796.70 million for the quarter, compared to analysts’ expectations of $788.52 million. New Oriental Education & Tech Grp had a net margin of 8.80% and a return on equity of 14.88%. The firm’s revenue was up 28.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.57 EPS. On average, research analysts anticipate that New Oriental Education & Tech Grp will post 1.7 EPS for the current fiscal year.

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New Oriental Education & Tech Grp 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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