MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 2,084 Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) by 14.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,496 shares of the company’s stock after purchasing an additional 2,084 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in New Oriental Education & Technology Group were worth $1,059,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Aspex Management HK Ltd grew its position in New Oriental Education & Technology Group by 56.8% during the fourth quarter. Aspex Management HK Ltd now owns 7,454,906 shares of the company’s stock valued at $478,456,000 after buying an additional 2,701,566 shares during the period. FMR LLC grew its position in shares of New Oriental Education & Technology Group by 46.3% during the 4th quarter. FMR LLC now owns 4,539,678 shares of the company’s stock valued at $291,357,000 after acquiring an additional 1,437,656 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of New Oriental Education & Technology Group by 61.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,894,541 shares of the company’s stock valued at $249,952,000 after acquiring an additional 1,480,391 shares during the period. Schroder Investment Management Group increased its stake in shares of New Oriental Education & Technology Group by 17.2% in the 4th quarter. Schroder Investment Management Group now owns 3,019,859 shares of the company’s stock worth $193,815,000 after purchasing an additional 442,656 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in New Oriental Education & Technology Group by 175.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,276,762 shares of the company’s stock worth $146,123,000 after purchasing an additional 1,449,979 shares during the period.

New Oriental Education & Technology Group Stock Down 1.0%

Shares of New Oriental Education & Technology Group stock opened at $46.47 on Monday. The company has a market capitalization of $7.89 billion, a price-to-earnings ratio of 19.77 and a beta of 0.25. The stock’s 50-day simple moving average is $46.80 and its 200-day simple moving average is $52.64. New Oriental Education & Technology Group Inc. has a 52 week low of $40.66 and a 52 week high of $87.26.

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

Wall Street Analyst Weigh In

A number of analysts have commented on EDU shares. China Renaissance cut New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Wall Street Zen raised shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. decreased their target price on shares of New Oriental Education & Technology Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, April 21st. 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. Based on data from MarketBeat, New Oriental Education & Technology Group has an average rating of “Hold” and an average target price of $60.80.

New Oriental Education & Technology Group Profile

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.