Goldman Sachs Group Inc. Acquires 646,122 Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU)

Goldman Sachs Group Inc. increased its holdings in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) by 37.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,374,408 shares of the company’s stock after buying an additional 646,122 shares during the period. Goldman Sachs Group Inc. owned 1.40% of New Oriental Education & Technology Group worth $173,997,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Assetmark Inc. raised its stake in shares of New Oriental Education & Technology Group by 1,642.9% during the fourth quarter. Assetmark Inc. now owns 610 shares of the company’s stock worth $45,000 after buying an additional 575 shares during the last quarter. Personal CFO Solutions LLC acquired a new position in New Oriental Education & Technology Group during the third quarter valued at approximately $200,000. Jump Financial LLC acquired a new position in New Oriental Education & Technology Group during the fourth quarter valued at approximately $235,000. Panagora Asset Management Inc. acquired a new position in New Oriental Education & Technology Group during the fourth quarter valued at approximately $240,000. Finally, Jaffetilchin Investment Partners LLC acquired a new position in shares of New Oriental Education & Technology Group in the third quarter valued at approximately $251,000.

New Oriental Education & Technology Group Stock Down 1.8 %

Shares of EDU stock traded down $1.37 during trading on Friday, reaching $75.18. The company’s stock had a trading volume of 1,324,641 shares, compared to its average volume of 1,194,288. The business has a fifty day moving average price of $82.10 and a 200-day moving average price of $82.50. The company has a market cap of $12.76 billion, a price-to-earnings ratio of 40.42 and a beta of 0.48. New Oriental Education & Technology Group Inc. has a one year low of $36.22 and a one year high of $98.20.

New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06). New Oriental Education & Technology Group had a return on equity of 8.11% and a net margin of 7.72%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.09 billion. Research analysts anticipate that New Oriental Education & Technology Group Inc. will post 1.86 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EDU. Morgan Stanley upped their price target on shares of New Oriental Education & Technology Group from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. HSBC began coverage on shares of New Oriental Education & Technology Group in a report on Wednesday, May 29th. They issued a “buy” rating and a $110.00 price target for the company. Finally, Citigroup upped their price target on shares of New Oriental Education & Technology Group from $66.00 to $127.00 and gave the company a “buy” rating in a report on Thursday, April 25th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $100.75.

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.