New Oriental Education & Technology Group Inc. (NYSE:EDU) Stock Holdings Increased by Aspex Management HK Ltd

Aspex Management HK Ltd grew its holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU) by 46.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,753,340 shares of the company’s stock after purchasing an additional 1,513,640 shares during the quarter. New Oriental Education & Technology Group accounts for about 9.5% of Aspex Management HK Ltd’s holdings, making the stock its 3rd biggest holding. Aspex Management HK Ltd owned about 2.80% of New Oriental Education & Technology Group worth $360,493,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ridgewood Investments LLC purchased a new position in New Oriental Education & Technology Group during the 2nd quarter worth $43,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of New Oriental Education & Technology Group in the second quarter valued at approximately $50,000. Blue Trust Inc. grew its holdings in New Oriental Education & Technology Group by 782.4% during the 2nd quarter. Blue Trust Inc. now owns 803 shares of the company’s stock valued at $62,000 after buying an additional 712 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in New Oriental Education & Technology Group by 14.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,658 shares of the company’s stock worth $126,000 after purchasing an additional 206 shares in the last quarter. Finally, Hancock Whitney Corp purchased a new stake in shares of New Oriental Education & Technology Group during the second quarter worth about $212,000.

New Oriental Education & Technology Group Trading Down 2.0 %

Shares of NYSE EDU opened at $58.32 on Monday. The firm has a 50-day moving average of $65.14 and a two-hundred day moving average of $69.62. New Oriental Education & Technology Group Inc. has a twelve month low of $54.00 and a twelve month high of $98.20. The company has a market capitalization of $9.90 billion, a price-to-earnings ratio of 24.92 and a beta of 0.49.

New Oriental Education & Technology Group (NYSE:EDU) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.27. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates 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 firm’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.99 earnings per share. As a group, research analysts predict that New Oriental Education & Technology Group Inc. will post 2.94 earnings per share for the current year.

Wall Street Analyst Weigh In

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

About New Oriental Education & Technology Group

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.