Barclays PLC increased its stake in New Oriental Education Technology Group Co., Ltd. (NYSE: EDU – Get Rating ) rose 7.3% in the third quarter, according to its most recent Form 13F filing with the SEC. During the period, institutional investors increased their holdings by 27,208 shares, holding 400,325 shares of the company. As of a recent SEC filing, Barclays owns about 0.24% of New Oriental Education Technology Group, worth $9,596,000.
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Several other large investors have bought and sold EDU shares recently. Renaissance Technologies LLC increased its stake in New Oriental Education Technology Group by 130.8% in the first quarter. Renaissance Technologies LLC now owns 37,490,100 shares of the company worth $43,114,000 after purchasing an additional 21,246,644 shares during that period. Baupost Group LLC MA acquired a new stake in New Oriental Education Technology Group in the second quarter, valued at approximately US$162,880,000. Prudential Financial Corporation acquired a new position in New Oriental Education Technology Group stock in the first quarter, valued at approximately $3,799,000. Verition Fund Management LLC increased its stake in New Oriental Education Technology Group by 158.8% in the first quarter. Verition Fund Management LLC now owns 5,000,000 shares of the company worth $5,750,000 after purchasing an additional 3,067,800 shares during this period. Finally, Ergoteles LLC took a new position in New Oriental Education Technology Group in the first quarter, valued at approximately $2,372,000. Institutional investors own 67.55% of the company.
Wall Street analysts forecast growth
EDU has been the subject of several research analysis reports. TheStreet downgraded New Oriental Education Technology Group from a “c-” rating to a “d” rating in a report on Monday, November 21st. StockNews.com covered shares of New Oriental Education Technology Group in a report on Wednesday, October 12th. They set a “hold” rating on the company. One research analyst has assigned a hold rating to the stock and seven have given the company a buy rating. The company has an average rating of “Moderate Buy” and a consensus price target of $36.60, according to MarketBeat.com.
New Oriental Education Technology Group shares rose 0.5%
EDU stock opened Friday at $44.63. New Oriental Education Technology Group Co Ltd had a 12-month low of $8.40 and a 12-month high of $46.63. The company’s 50-day simple moving average is $35.32 and its 200-day simple moving average is $28.62. The market cap is $7.58 billion, with a P/E ratio of -99.18 and a beta of 0.52.
New Oriental Education Technology Group (NYSE: EDU – Get Rating ) last reported its quarterly earnings results on Tuesday, January 17th. The company reported earnings per share of $0.10 for the quarter, missing analysts’ average estimate of $0.22 ($0.12). The company’s revenue for the quarter came in at $638.20 million, compared with analyst estimates of $614.16 million. The net profit margin of New Oriental Education Technology Group was negative 9.72%, and the return on net assets was negative 6.32%. Revenue from this business decreased by 3.0% compared to the same period last year. During the same quarter in the prior year, the business earned $1.00 per share. Research analysts forecast New Oriental Education Technology Group Inc. as a whole. EPS of 0.68 for the current fiscal year will be announced.
Introduction to New Oriental Education Technology Group
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New Oriental Education Technology Group Co., Ltd. provides private education services under the New Oriental brand in the People’s Republic of China. The company operates through Educational Services and Test Preparation Programs; Online Education and Other Services; Study Abroad Consulting Services; and Other segments.
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