New Oriental Education & Technology Group Inc. (NYSE:EDU) Stake Increased by Blue Trust Inc.

Blue Trust Inc. increased its stake in New Oriental Education & Technology Group Inc. (NYSE:EDU) by 155.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,052 shares of the company’s stock after buying an additional 1,249 shares during the period. Blue Trust Inc.’s holdings in New Oriental Education & Technology Group were worth $160,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ridgewood Investments LLC bought a new stake in shares of New Oriental Education & Technology Group in the second quarter worth $43,000. Ashton Thomas Private Wealth LLC bought a new stake in New Oriental Education & Technology Group during the second quarter valued at $50,000. Hancock Whitney Corp bought a new stake in New Oriental Education & Technology Group during the second quarter valued at $212,000. QRG Capital Management Inc. increased its stake in New Oriental Education & Technology Group by 7.4% during the second quarter. QRG Capital Management Inc. now owns 3,666 shares of the company’s stock valued at $285,000 after purchasing an additional 254 shares during the last quarter. Finally, Beverly Hills Private Wealth LLC increased its stake in New Oriental Education & Technology Group by 5.7% during the second quarter. Beverly Hills Private Wealth LLC now owns 4,192 shares of the company’s stock valued at $326,000 after purchasing an additional 227 shares during the last quarter.

Analyst Ratings Changes

Several analysts have weighed in on EDU shares. Citigroup lowered their target price 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 note on Friday, August 2nd. StockNews.com upgraded shares of New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Morgan Stanley set a $83.00 target price on shares of New Oriental Education & Technology Group in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, New Oriental Education & Technology Group has an average rating of “Moderate Buy” and an average price target of $99.67.

New Oriental Education & Technology Group Stock Performance

Shares of EDU opened at $60.75 on Monday. New Oriental Education & Technology Group Inc. has a 1 year low of $58.60 and a 1 year high of $98.20. The company has a market cap of $10.31 billion, a price-to-earnings ratio of 32.84 and a beta of 0.47. The firm has a fifty day moving average of $66.87 and a 200-day moving average of $73.87.

New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.27. New Oriental Education & Technology Group had a net margin of 7.18% and a return on equity of 7.50%. 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 previous year, the company posted $0.99 earnings per share. The company’s revenue for the quarter was up 30.5% compared to the same quarter last year. Analysts predict that New Oriental Education & Technology Group Inc. will post 2.85 EPS for the current year.

New Oriental Education & Technology Group Announces Dividend

The business also recently disclosed a — dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 9th were issued a $0.58 dividend. The ex-dividend date of this dividend was Monday, September 9th.

New Oriental Education & Technology Group Company 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.