B. Metzler seel. Sohn & Co. Holding AG Takes Position in New Oriental Education & Technology Group Inc. (NYSE:EDU)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,166 shares of the company’s stock, valued at approximately $316,000.

Several other large investors have also recently made changes to their positions in EDU. Broad Peak Investment Advisers Pte Ltd grew its stake in shares of New Oriental Education & Technology Group by 88.7% during the third quarter. Broad Peak Investment Advisers Pte Ltd now owns 421,941 shares of the company’s stock valued at $32,000,000 after buying an additional 198,291 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in New Oriental Education & Technology Group during the 3rd quarter worth approximately $297,000. GSA Capital Partners LLP lifted its position in New Oriental Education & Technology Group by 66.0% in the third quarter. GSA Capital Partners LLP now owns 29,299 shares of the company’s stock valued at $2,222,000 after purchasing an additional 11,647 shares during the last quarter. Fiera Capital Corp lifted its position in New Oriental Education & Technology Group by 19.8% in the third quarter. Fiera Capital Corp now owns 51,371 shares of the company’s stock valued at $3,896,000 after purchasing an additional 8,499 shares during the last quarter. Finally, AIA Group Ltd bought a new stake in New Oriental Education & Technology Group in the third quarter valued at approximately $5,673,000.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Morgan Stanley set a $83.00 target price on shares of New Oriental Education & Technology Group in a report on Thursday, October 17th. StockNews.com upgraded shares of New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Citigroup dropped 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 report on Friday, August 2nd.

New Oriental Education & Technology Group Stock Down 0.6 %

Shares of EDU stock opened at $57.36 on Monday. The firm has a market capitalization of $9.73 billion, a price-to-earnings ratio of 24.51 and a beta of 0.49. The stock has a fifty day moving average of $65.36 and a 200 day moving average of $70.46. New Oriental Education & Technology Group Inc. has a 52 week low of $54.00 and a 52 week high of $98.20.

New Oriental Education & Technology Group (NYSE:EDU) last announced its earnings results on Wednesday, October 23rd. The company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.27. New Oriental Education & Technology Group had a net margin of 8.38% and a return on equity of 9.43%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. The company’s revenue for the quarter was up 30.5% compared to the same quarter last year. Equities research analysts anticipate that New Oriental Education & Technology Group Inc. will post 2.94 earnings per share for the current year.

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.