New Oriental Education & Technology Group Inc. (NYSE:EDU) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management lessened its stake in New Oriental Education & Technology Group Inc. (NYSE:EDUFree Report) by 27.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,441 shares of the company’s stock after selling 3,597 shares during the period. Ritholtz Wealth Management’s holdings in New Oriental Education & Technology Group were worth $606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in EDU. Sei Investments Co. boosted its position in shares of New Oriental Education & Technology Group by 6.5% in the 2nd quarter. Sei Investments Co. now owns 190,302 shares of the company’s stock valued at $14,792,000 after purchasing an additional 11,622 shares during the period. Hancock Whitney Corp purchased a new stake in New Oriental Education & Technology Group in the second quarter valued at approximately $212,000. Profund Advisors LLC boosted its holdings in shares of New Oriental Education & Technology Group by 1.4% in the second quarter. Profund Advisors LLC now owns 17,293 shares of the company’s stock valued at $1,344,000 after acquiring an additional 231 shares during the period. Farallon Capital Management LLC grew its position in shares of New Oriental Education & Technology Group by 139.0% during the second quarter. Farallon Capital Management LLC now owns 1,469,590 shares of the company’s stock worth $114,231,000 after acquiring an additional 854,590 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in shares of New Oriental Education & Technology Group in the 2nd quarter valued at $15,274,000.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on EDU shares. Morgan Stanley set a $83.00 price target on shares of New Oriental Education & Technology Group in a research note on Thursday, October 17th. StockNews.com raised New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a report on Thursday, October 24th.

View Our Latest Stock Analysis on EDU

New Oriental Education & Technology Group Price Performance

Shares of NYSE EDU opened at $60.86 on Tuesday. The company has a market cap of $10.33 billion, a PE ratio of 26.01 and a beta of 0.44. The stock has a fifty day moving average price of $60.80 and a 200 day moving average price of $65.42. New Oriental Education & Technology Group Inc. has a 1-year low of $54.00 and a 1-year high of $98.20.

New Oriental Education & Technology Group (NYSE:EDUGet Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.27. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.45 billion. New Oriental Education & Technology Group had a net margin of 8.38% and a return on equity of 9.43%. The business’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.99 earnings per share. Analysts anticipate that New Oriental Education & Technology Group Inc. will post 2.94 earnings per share for the current fiscal year.

New Oriental Education & Technology Group Company Profile

(Free Report)

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.

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

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