Dimensional Fund Advisors LP Has $24.83 Million Holdings in New Oriental Education & Technology Group, Inc. (EDU)

Dimensional Fund Advisors LP raised its stake in New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 10.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 352,215 shares of the company’s stock after buying an additional 34,057 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.22% of New Oriental Education & Technology Group worth $24,830,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EDU. PNC Financial Services Group Inc. grew its holdings in New Oriental Education & Technology Group by 2.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,513 shares of the company’s stock valued at $107,000 after buying an additional 35 shares in the last quarter. Nippon Life Insurance Co. purchased a new stake in New Oriental Education & Technology Group in the 2nd quarter valued at $111,000. Advisor Group Inc. grew its holdings in New Oriental Education & Technology Group by 182.5% in the 2nd quarter. Advisor Group Inc. now owns 1,743 shares of the company’s stock valued at $123,000 after buying an additional 1,126 shares in the last quarter. Stevens Capital Management LP purchased a new stake in New Oriental Education & Technology Group in the 2nd quarter valued at $207,000. Finally, Wetherby Asset Management Inc. purchased a new stake in New Oriental Education & Technology Group in the 2nd quarter valued at $227,000. Institutional investors own 75.75% of the company’s stock.

New Oriental Education & Technology Group, Inc. (NYSE EDU) opened at $81.54 on Monday. New Oriental Education & Technology Group, Inc. has a twelve month low of $37.16 and a twelve month high of $94.63. The company has a market capitalization of $12,857.83, a PE ratio of 44.08, a P/E/G ratio of 1.26 and a beta of 1.31.

New Oriental Education & Technology Group (NYSE:EDU) last announced its earnings results on Tuesday, October 24th. The company reported $1.00 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 firm had revenue of $661.20 million for the quarter, compared to analysts’ expectations of $643.90 million. During the same quarter last year, the business earned $0.90 earnings per share. The business’s revenue was up 23.8% compared to the same quarter last year. analysts forecast that New Oriental Education & Technology Group, Inc. will post 2.03 EPS for the current year.

A number of equities analysts have recently weighed in on the company. Jefferies Group LLC reiterated a “buy” rating and set a $109.00 price target on shares of New Oriental Education & Technology Group in a report on Thursday, October 26th. Vetr cut New Oriental Education & Technology Group from a “buy” rating to a “hold” rating and set a $94.84 price target for the company. in a report on Tuesday, October 10th. Bank of America Corporation upgraded New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and set a $105.00 price target for the company in a report on Monday, September 25th. Zacks Investment Research upgraded New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a report on Tuesday, July 18th. Finally, CLSA cut New Oriental Education & Technology Group from an “outperform” rating to an “underperform” rating in a report on Tuesday, October 24th. Two investment 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. The stock has a consensus rating of “Buy” and a consensus price target of $89.76.

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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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