New Oriental Education & Tech Grp (EDU) Stake Raised by Axa

Axa grew its stake in New Oriental Education & Tech Grp (NYSE:EDU) by 10.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 90,465 shares of the company’s stock after purchasing an additional 8,569 shares during the quarter. Axa owned approximately 0.06% of New Oriental Education & Tech Grp worth $7,984,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of EDU. Bank of Nova Scotia acquired a new stake in New Oriental Education & Tech Grp during the second quarter worth about $1,903,000. Calamos Advisors LLC raised its stake in New Oriental Education & Tech Grp by 43.1% during the third quarter. Calamos Advisors LLC now owns 114,480 shares of the company’s stock worth $10,104,000 after acquiring an additional 34,480 shares during the period. Brown Advisory Inc. acquired a new stake in New Oriental Education & Tech Grp during the third quarter worth about $4,209,000. BNP Paribas Arbitrage SA raised its stake in New Oriental Education & Tech Grp by 17.1% during the third quarter. BNP Paribas Arbitrage SA now owns 473,316 shares of the company’s stock worth $41,775,000 after acquiring an additional 68,977 shares during the period. Finally, Graticule Asia Macro Advisors LLC acquired a new stake in shares of New Oriental Education & Tech Grp in the third quarter valued at approximately $2,096,000. Institutional investors and hedge funds own 77.15% of the company’s stock.

Shares of New Oriental Education & Tech Grp (NYSE:EDU) opened at $91.75 on Friday. The company has a market cap of $14,537.20, a P/E ratio of 49.59, a price-to-earnings-growth ratio of 1.43 and a beta of 1.32. New Oriental Education & Tech Grp has a 12 month low of $40.01 and a 12 month high of $94.63.

New Oriental Education & Tech Grp (NYSE:EDU) last posted its quarterly earnings data on Tuesday, October 24th. The company reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.04). The company had revenue of $661.20 million during the quarter, compared to the consensus estimate of $643.90 million. New Oriental Education & Tech Grp had a net margin of 15.15% and a return on equity of 17.32%. The company’s revenue was up 23.8% on a year-over-year basis. During the same quarter last year, the business earned $0.90 earnings per share. research analysts forecast that New Oriental Education & Tech Grp will post 2.03 earnings per share for the current fiscal year.

Several equities research analysts have commented on EDU shares. J P Morgan Chase & Co lowered shares of New Oriental Education & Tech Grp from a “neutral” rating to an “underweight” rating and set a $82.00 price target on the stock. in a research note on Thursday, September 14th. Morgan Stanley started coverage on shares of New Oriental Education & Tech Grp in a research note on Friday, August 25th. They issued an “overweight” rating and a $100.00 price target on the stock. Zacks Investment Research lowered shares of New Oriental Education & Tech Grp from a “hold” rating to a “sell” rating in a research note on Monday, November 27th. CLSA lowered shares of New Oriental Education & Tech Grp from an “outperform” rating to an “underperform” rating in a research note on Tuesday, October 24th. Finally, Jefferies Group restated a “buy” rating and issued a $109.00 price target on shares of New Oriental Education & Tech Grp in a research note on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. New Oriental Education & Tech Grp presently has an average rating of “Buy” and an average price target of $93.07.

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About New Oriental Education & Tech Grp

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 & Tech Grp (NYSE:EDU)

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