Flow Traders U.S. LLC Takes Position in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Flow Traders U.S. LLC bought a new position in New Oriental Education & Technology Group Inc. (NYSE:EDU) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 4,215 shares of the company’s stock, valued at approximately $320,000.

Other large investors have also recently bought and sold shares of the company. QRG Capital Management Inc. boosted its position in New Oriental Education & Technology Group by 7.4% during the 2nd quarter. QRG Capital Management Inc. now owns 3,666 shares of the company’s stock worth $285,000 after buying an additional 254 shares during the period. SG Americas Securities LLC lifted its holdings in shares of New Oriental Education & Technology Group by 314.3% during the second quarter. SG Americas Securities LLC now owns 45,411 shares of the company’s stock worth $3,530,000 after purchasing an additional 34,451 shares during the period. Blue Trust Inc. grew its stake in shares of New Oriental Education & Technology Group by 782.4% in the second quarter. Blue Trust Inc. now owns 803 shares of the company’s stock worth $62,000 after purchasing an additional 712 shares during the last quarter. China Universal Asset Management Co. Ltd. increased its holdings in New Oriental Education & Technology Group by 23.0% in the second quarter. China Universal Asset Management Co. Ltd. now owns 33,508 shares of the company’s stock valued at $2,605,000 after purchasing an additional 6,273 shares during the period. Finally, Ariose Capital Management Ltd bought a new position in New Oriental Education & Technology Group during the 2nd quarter worth $15,046,000.

New Oriental Education & Technology Group Price Performance

NYSE EDU opened at $63.34 on Friday. The business’s fifty day moving average is $64.99 and its 200-day moving average is $69.12. The stock has a market capitalization of $10.75 billion, a price-to-earnings ratio of 27.07 and a beta of 0.46. New Oriental Education & Technology Group Inc. has a one year low of $54.00 and a one year high of $98.20.

New Oriental Education & Technology Group (NYSE:EDU) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.60 EPS for the quarter, beating 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 business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the business earned $0.99 earnings per share. New Oriental Education & Technology Group’s revenue for the quarter was up 30.5% on a year-over-year basis. Research analysts expect that New Oriental Education & Technology Group Inc. will post 2.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. StockNews.com raised shares of New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Morgan Stanley set a $83.00 price objective on New Oriental Education & Technology Group in a research report on Thursday, October 17th.

About New Oriental Education & Technology Group

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.