B. Metzler seel. Sohn & Co. Holding AG Makes New Investment in New Oriental Education & Technology Group Inc. (NYSE:EDU)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in New Oriental Education & Technology Group Inc. (NYSE:EDU) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,166 shares of the company’s stock, valued at approximately $316,000.

Other hedge funds also recently modified their holdings of the company. Farallon Capital Management LLC lifted its stake in New Oriental Education & Technology Group by 139.0% during the 2nd quarter. Farallon Capital Management LLC now owns 1,469,590 shares of the company’s stock valued at $114,231,000 after acquiring an additional 854,590 shares in the last quarter. Virtu Financial LLC purchased a new position in New Oriental Education & Technology Group during the first quarter worth about $1,220,000. Fiera Capital Corp increased its stake in New Oriental Education & Technology Group by 19.8% in the 3rd quarter. Fiera Capital Corp now owns 51,371 shares of the company’s stock valued at $3,896,000 after buying an additional 8,499 shares during the last quarter. Swedbank AB bought a new position in shares of New Oriental Education & Technology Group during the 1st quarter worth approximately $6,171,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of New Oriental Education & Technology Group in the 3rd quarter worth approximately $629,000.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Morgan Stanley set a $83.00 price target on New Oriental Education & Technology Group in a research report on Thursday, October 17th. StockNews.com upgraded New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Citigroup reduced their price target on shares of New Oriental Education & Technology Group from $127.00 to $106.00 and set a “buy” rating for the company in a research report on Friday, August 2nd.

New Oriental Education & Technology Group Trading Down 0.6 %

Shares of NYSE EDU opened at $57.36 on Monday. The stock has a fifty day simple moving average of $65.36 and a two-hundred day simple moving average of $70.46. New Oriental Education & Technology Group Inc. has a 1-year low of $54.00 and a 1-year high of $98.20. The firm has a market cap of $9.73 billion, a price-to-earnings ratio of 24.51 and a beta of 0.49.

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

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. 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.