33,900 Shares in New Oriental Education & Technology Group Inc. (NYSE:EDU) Acquired by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. bought a new position in New Oriental Education & Technology Group Inc. (NYSE:EDU) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 33,900 shares of the company’s stock, valued at approximately $2,176,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of New Oriental Education & Technology Group by 1.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,457 shares of the company’s stock worth $1,377,000 after buying an additional 247 shares during the last quarter. Natixis raised its stake in shares of New Oriental Education & Technology Group by 39.2% in the fourth quarter. Natixis now owns 881 shares of the company’s stock valued at $57,000 after purchasing an additional 248 shares in the last quarter. GeoWealth Management LLC raised its stake in shares of New Oriental Education & Technology Group by 258.5% in the fourth quarter. GeoWealth Management LLC now owns 441 shares of the company’s stock valued at $28,000 after purchasing an additional 318 shares in the last quarter. Westpac Banking Corp acquired a new position in shares of New Oriental Education & Technology Group in the fourth quarter valued at $45,000. Finally, Blue Trust Inc. raised its stake in shares of New Oriental Education & Technology Group by 37.8% in the fourth quarter. Blue Trust Inc. now owns 2,827 shares of the company’s stock valued at $181,000 after purchasing an additional 775 shares in the last quarter.

New Oriental Education & Technology Group Price Performance

Shares of NYSE:EDU opened at $46.47 on Friday. The business’s fifty day moving average price is $46.80 and its two-hundred day moving average price is $52.70. New Oriental Education & Technology Group Inc. has a fifty-two week low of $40.66 and a fifty-two week high of $87.26. The stock has a market capitalization of $7.89 billion, a price-to-earnings ratio of 19.77 and a beta of 0.25.

New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.06). New Oriental Education & Technology Group had a net margin of 8.13% and a return on equity of 9.48%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the company earned $0.63 earnings per share. The business’s revenue was down 2.0% on a year-over-year basis. Research analysts expect that New Oriental Education & Technology Group Inc. will post 2.75 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on EDU shares. Wall Street Zen upgraded New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a research note on Monday, May 5th. JPMorgan Chase & Co. cut their target price on New Oriental Education & Technology Group from $50.00 to $48.00 and set a “neutral” rating for the company in a research note on Monday, April 21st. Finally, China Renaissance lowered New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $60.80.

About New Oriental Education & Technology Group

New Oriental Education & Technology Group, Inc is a holding company, which engages in the provision of private educational services. It operates through the following segments: Educational Services and Test Preparation Courses, Private Label Products and Livestreaming E-Commerce, Overseas Study Consulting Services, and Educational Materials and Distribution.