82,399 Shares in New Oriental Education & Technology Group Inc. (NYSE:EDU) Purchased by Nan Shan Life Insurance Co. Ltd.


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Nan Shan Life Insurance Co. Ltd. purchased a new stake in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 82,399 shares of the company’s stock, valued at approximately $15,311,000.

A number of other institutional investors have also recently modified their holdings of EDU. CI Investments Inc. boosted its holdings in shares of New Oriental Education & Technology Group by 100.0% in the 4th quarter. CI Investments Inc. now owns 148 shares of the company’s stock worth $27,000 after acquiring an additional 74 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of New Oriental Education & Technology Group during the fourth quarter worth $29,000. Lenox Wealth Advisors LLC bought a new position in shares of New Oriental Education & Technology Group in the fourth quarter valued at about $32,000. Cowa LLC acquired a new position in New Oriental Education & Technology Group during the 4th quarter worth about $34,000. Finally, JJJ Advisors Inc. grew its holdings in New Oriental Education & Technology Group by 69.1% during the 4th quarter. JJJ Advisors Inc. now owns 257 shares of the company’s stock worth $48,000 after acquiring an additional 105 shares during the last quarter. 80.65% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on EDU. Zacks Investment Research raised shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $180.00 target price for the company in a research note on Monday, November 2nd. The Goldman Sachs Group upped their price objective on New Oriental Education & Technology Group from $191.00 to $194.00 and gave the stock a “conviction-buy” rating in a report on Thursday, January 28th. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $174.56.

NYSE:EDU traded down $5.11 during mid-day trading on Tuesday, hitting $179.35. The company had a trading volume of 22,528 shares, compared to its average volume of 1,130,739. New Oriental Education & Technology Group Inc. has a fifty-two week low of $102.01 and a fifty-two week high of $199.74. The firm has a market cap of $30.29 billion, a P/E ratio of 77.83 and a beta of 0.95. The business’s fifty day moving average is $179.84 and its two-hundred day moving average is $165.29.

New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings results on Thursday, January 21st. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.18. New Oriental Education & Technology Group had a return on equity of 12.98% and a net margin of 10.85%. During the same period in the previous year, the firm posted $0.36 earnings per share. As a group, research analysts anticipate that New Oriental Education & Technology Group Inc. will post 3.13 earnings per share for the current year.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. It operates through K-12 AST, Test Preparation and Other Courses; and Others segments. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People's Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to enhance their exam scores, as well as for children to teach English.

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

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