Strategic Vision Investment Ltd Decreases Stock Position in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Strategic Vision Investment Ltd decreased its position in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) by 15.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 105,900 shares of the company’s stock after selling 18,956 shares during the quarter. New Oriental Education & Technology Group accounts for 7.1% of Strategic Vision Investment Ltd’s investment portfolio, making the stock its 3rd largest holding. Strategic Vision Investment Ltd’s holdings in New Oriental Education & Technology Group were worth $7,760,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in New Oriental Education & Technology Group during the 4th quarter worth approximately $488,000. Tobam bought a new stake in shares of New Oriental Education & Technology Group during the fourth quarter valued at approximately $3,979,000. FengHe Fund Management Pte. Ltd. bought a new stake in shares of New Oriental Education & Technology Group during the fourth quarter valued at approximately $2,037,000. Ritholtz Wealth Management raised its position in shares of New Oriental Education & Technology Group by 12.8% during the fourth quarter. Ritholtz Wealth Management now owns 15,221 shares of the company’s stock valued at $1,115,000 after buying an additional 1,729 shares during the last quarter. Finally, Matthews International Capital Management LLC bought a new stake in shares of New Oriental Education & Technology Group during the fourth quarter valued at approximately $3,447,000.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EDU. Morgan Stanley lifted their price objective on shares of New Oriental Education & Technology Group from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. StockNews.com cut shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th.

New Oriental Education & Technology Group Trading Down 0.0 %

EDU traded down $0.04 during trading hours on Wednesday, hitting $85.50. The company’s stock had a trading volume of 2,114,072 shares, compared to its average volume of 1,238,705. The business’s 50-day moving average price is $89.78 and its 200-day moving average price is $77.85. New Oriental Education & Technology Group Inc. has a 12 month low of $35.70 and a 12 month high of $98.20. The stock has a market cap of $14.51 billion, a price-to-earnings ratio of 46.98 and a beta of 0.49.

New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings results on Wednesday, January 24th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.23). New Oriental Education & Technology Group had a return on equity of 7.97% and a net margin of 8.54%. The business had revenue of $869.60 million during the quarter, compared to the consensus estimate of $814.01 million. During the same quarter in the prior year, the firm posted $0.01 EPS. The company’s revenue for the quarter was up 36.3% on a year-over-year basis. On average, analysts forecast that New Oriental Education & Technology Group Inc. will post 2.02 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. 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.