Eagle Global Advisors LLC Buys 600 Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU)

Eagle Global Advisors LLC lifted its position in New Oriental Education & Technology Group Inc. (NYSE:EDU) by 27.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,800 shares of the company’s stock after buying an […]


Eagle Global Advisors LLC lifted its position in New Oriental Education & Technology Group Inc. (NYSE:EDU) by 27.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,800 shares of the company’s stock after buying an additional 600 shares during the period. Eagle Global Advisors LLC’s holdings in New Oriental Education & Technology Group were worth $520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in EDU. International Assets Investment Management LLC purchased a new position in shares of New Oriental Education & Technology Group during the 4th quarter valued at about $29,000. Lenox Wealth Advisors LLC purchased a new position in shares of New Oriental Education & Technology Group in the 4th quarter worth $32,000. JJJ Advisors Inc. grew its position in New Oriental Education & Technology Group by 69.1% in the fourth quarter. JJJ Advisors Inc. now owns 257 shares of the company’s stock worth $48,000 after acquiring an additional 105 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of New Oriental Education & Technology Group by 24.5% in the 3rd quarter. Parallel Advisors LLC now owns 340 shares of the company’s stock worth $51,000 after purchasing an additional 67 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in New Oriental Education & Technology Group during the third quarter valued at $60,000. 80.65% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:EDU opened at $182.95 on Friday. The business’s 50 day moving average price is $173.93 and its 200-day moving average price is $160.76. New Oriental Education & Technology Group Inc. has a 1 year low of $102.01 and a 1 year high of $187.43. The firm has a market capitalization of $30.90 billion, a price-to-earnings ratio of 77.19 and a beta of 0.95.

New Oriental Education & Technology Group (NYSE:EDU) last posted its quarterly earnings data on Thursday, January 21st. The company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.18. New Oriental Education & Technology Group had a net margin of 10.85% and a return on equity of 12.98%. During the same quarter in the previous year, the firm earned $0.36 earnings per share. As a group, analysts forecast that New Oriental Education & Technology Group Inc. will post 3.13 earnings per share for the current year.

EDU has been the topic of a number of research analyst reports. Citigroup upped their price target on shares of New Oriental Education & Technology Group from $160.00 to $198.00 and gave the stock a “buy” rating in a report on Thursday, October 15th. Nomura reiterated a “buy” rating on shares of New Oriental Education & Technology Group in a research note on Tuesday, October 13th. Benchmark increased their price target on New Oriental Education & Technology Group from $148.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, October 14th. They noted that the move was a valuation call. Zacks Investment Research raised shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $180.00 price target for the company in a report on Monday, November 2nd. Finally, The Goldman Sachs Group lifted their target price on New Oriental Education & Technology Group from $191.00 to $194.00 and gave the stock a “conviction-buy” rating in a report on Thursday, January 28th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $174.56.

New Oriental Education & Technology Group 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 K-12 AST, Test Preparation and Other 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 enhance their exam scores, as well as for children to teach English.

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Institutional Ownership by Quarter for New Oriental Education & Technology Group (NYSE:EDU)



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Anthony D. Swenson

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