Marshall Wace LLP Lowers Position in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Marshall Wace LLP decreased its stake in New Oriental Education & Technology Group Inc. (NYSE:EDU) by 74.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,156 shares of the company’s stock after selling 262,556 shares during the quarter. Marshall Wace LLP owned approximately 0.05% of New Oriental Education & Technology Group worth $7,008,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. US Bancorp DE increased its holdings in New Oriental Education & Technology Group by 23.0% in the 4th quarter. US Bancorp DE now owns 11,379 shares of the company’s stock worth $834,000 after acquiring an additional 2,126 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of New Oriental Education & Technology Group by 3.4% in the fourth quarter. Hsbc Holdings PLC now owns 96,437 shares of the company’s stock worth $7,113,000 after purchasing an additional 3,197 shares during the period. Carmignac Gestion increased its stake in shares of New Oriental Education & Technology Group by 2,689.2% in the fourth quarter. Carmignac Gestion now owns 53,803 shares of the company’s stock worth $3,943,000 after purchasing an additional 51,874 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of New Oriental Education & Technology Group by 37.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,374,408 shares of the company’s stock valued at $173,997,000 after purchasing an additional 646,122 shares during the period. Finally, CenterBook Partners LP bought a new stake in shares of New Oriental Education & Technology Group during the 4th quarter valued at $471,000.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut their target price on New Oriental Education & Technology Group from $127.00 to $106.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $103.67.

New Oriental Education & Technology Group Stock Up 3.2 %

EDU opened at $75.84 on Tuesday. The company has a market capitalization of $12.87 billion, a PE ratio of 40.77 and a beta of 0.46. The firm has a 50-day simple moving average of $65.77 and a two-hundred day simple moving average of $76.11. New Oriental Education & Technology Group Inc. has a 52 week low of $57.21 and a 52 week high of $98.20.

New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.19). The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. New Oriental Education & Technology Group had a net margin of 7.18% and a return on equity of 7.50%. As a group, sell-side analysts expect that New Oriental Education & Technology Group Inc. will post 2.83 earnings per share for the current year.

New Oriental Education & Technology Group Dividend Announcement

The firm also recently announced a — dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 9th were issued a $0.58 dividend. The ex-dividend date of this dividend was Monday, September 9th.

New Oriental Education & Technology Group 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.