21,000 Shares in New Oriental Education & Technology Group, Inc. (EDU) Acquired by Deltec Asset Management LLC

Deltec Asset Management LLC acquired a new stake in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 21,000 shares of the company’s stock, valued at approximately $1,853,000.

A number of other large investors have also recently modified their holdings of the stock. Baillie Gifford & Co. grew its stake in New Oriental Education & Technology Group by 0.6% during the second quarter. Baillie Gifford & Co. now owns 8,264,923 shares of the company’s stock valued at $582,594,000 after acquiring an additional 47,119 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in New Oriental Education & Technology Group by 130.4% during the second quarter. UBS Asset Management Americas Inc. now owns 4,854,260 shares of the company’s stock valued at $342,177,000 after acquiring an additional 2,747,727 shares in the last quarter. Ameriprise Financial Inc. grew its stake in New Oriental Education & Technology Group by 633.7% during the second quarter. Ameriprise Financial Inc. now owns 3,377,489 shares of the company’s stock valued at $238,074,000 after acquiring an additional 2,917,183 shares in the last quarter. Greenwoods Asset Management Ltd grew its stake in New Oriental Education & Technology Group by 39.8% during the second quarter. Greenwoods Asset Management Ltd now owns 2,845,660 shares of the company’s stock valued at $200,591,000 after acquiring an additional 809,660 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in New Oriental Education & Technology Group by 18.9% during the second quarter. Goldman Sachs Group Inc. now owns 2,333,593 shares of the company’s stock valued at $164,495,000 after acquiring an additional 370,597 shares in the last quarter. 75.58% of the stock is owned by institutional investors.

Several equities analysts recently commented on EDU shares. J P Morgan Chase & Co cut shares of New Oriental Education & Technology Group from a “neutral” rating to an “underweight” rating and set a $82.00 price objective for the company. in a research note on Thursday, September 14th. Morgan Stanley started coverage on shares of New Oriental Education & Technology Group in a research report on Friday, August 25th. They set an “overweight” rating and a $100.00 target price for the company. Zacks Investment Research upgraded shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research report on Tuesday, July 18th. Vetr lowered shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating and set a $94.84 target price for the company. in a research report on Tuesday, October 10th. Finally, Benchmark Co. lifted their target price on shares of New Oriental Education & Technology Group from $75.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. New Oriental Education & Technology Group has an average rating of “Buy” and an average target price of $89.76.

New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings data on Tuesday, October 24th. The company reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.04). New Oriental Education & Technology Group had a net margin of 15.15% and a return on equity of 17.32%. The company had revenue of $661.20 million for the quarter, compared to analysts’ expectations of $643.90 million. During the same period last year, the business earned $0.90 earnings per share. The company’s quarterly revenue was up 23.8% compared to the same quarter last year.

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New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group Inc is a provider of private educational services in the People’s Republic of China (the PRC). The Company provides educational services under its New Oriental brand. The Company operates through seven segments, which include language training and test preparation, primary and secondary school education, online education, content development and distribution, pre-school education, overseas study consulting services and study tour.

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

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