PNC Financial Services Group Inc. Has $250,000 Stock Holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU)

PNC Financial Services Group Inc. reduced its holdings in New Oriental Education & Technology Group Inc. (NYSE:EDUFree Report) by 7.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,406 shares of the company’s stock after selling 284 shares during the quarter. PNC Financial Services Group Inc.’s holdings in New Oriental Education & Technology Group were worth $250,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Jump Financial LLC acquired a new stake in New Oriental Education & Technology Group in the fourth quarter valued at $235,000. Panagora Asset Management Inc. acquired a new stake in shares of New Oriental Education & Technology Group in the 4th quarter valued at about $240,000. Personal CFO Solutions LLC acquired a new position in shares of New Oriental Education & Technology Group during the third quarter worth approximately $200,000. QRG Capital Management Inc. acquired a new position in New Oriental Education & Technology Group during the fourth quarter worth $271,000. Finally, Jaffetilchin Investment Partners LLC bought a new position in shares of New Oriental Education & Technology Group in the third quarter valued at $251,000.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EDU. HSBC assumed coverage on shares of New Oriental Education & Technology Group in a report on Wednesday, May 29th. They issued a “buy” rating and a $110.00 target price on the stock. Citigroup upped their price target on New Oriental Education & Technology Group from $66.00 to $127.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Finally, Morgan Stanley lifted their price objective on shares of New Oriental Education & Technology Group from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, New Oriental Education & Technology Group presently has an average rating of “Moderate Buy” and a consensus target price of $100.75.

Read Our Latest Report on EDU

New Oriental Education & Technology Group Trading Up 2.3 %

Shares of EDU opened at $78.39 on Friday. The stock has a 50 day moving average of $83.43 and a 200 day moving average of $82.33. The company has a market capitalization of $13.30 billion, a price-to-earnings ratio of 42.00 and a beta of 0.48. New Oriental Education & Technology Group Inc. has a 12 month low of $36.22 and a 12 month high of $98.20.

New Oriental Education & Technology Group (NYSE:EDUGet Free Report) last announced its earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.06). The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.09 billion. New Oriental Education & Technology Group had a net margin of 7.72% and a return on equity of 8.11%. As a group, equities research analysts predict that New Oriental Education & Technology Group Inc. will post 1.86 earnings per share for the current year.

About New Oriental Education & Technology Group

(Free Report)

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.

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

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