Bp Plc Buys 24,980 Shares of New Oriental Education & Tech Grp (EDU)

Bp Plc raised its stake in shares of New Oriental Education & Tech Grp (NYSE:EDU) by 53.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,498 shares of the company’s stock after acquiring an additional 24,980 shares during the quarter. Bp Plc owned approximately 0.05% of New Oriental Education & Tech Grp worth $3,918,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Schroder Investment Management Group boosted its position in New Oriental Education & Tech Grp by 37.4% during the 3rd quarter. Schroder Investment Management Group now owns 8,768,091 shares of the company’s stock valued at $648,926,000 after acquiring an additional 2,384,543 shares in the last quarter. OppenheimerFunds Inc. boosted its position in New Oriental Education & Tech Grp by 30.4% during the 3rd quarter. OppenheimerFunds Inc. now owns 5,553,839 shares of the company’s stock valued at $411,039,000 after acquiring an additional 1,293,535 shares in the last quarter. Vanguard Group Inc lifted its holdings in shares of New Oriental Education & Tech Grp by 1.5% during the 3rd quarter. Vanguard Group Inc now owns 4,799,521 shares of the company’s stock valued at $355,212,000 after purchasing an additional 72,472 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of New Oriental Education & Tech Grp by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,799,521 shares of the company’s stock valued at $355,212,000 after purchasing an additional 72,472 shares during the last quarter. Finally, FIL Ltd lifted its holdings in shares of New Oriental Education & Tech Grp by 33.3% during the 3rd quarter. FIL Ltd now owns 3,016,531 shares of the company’s stock valued at $223,253,000 after purchasing an additional 753,881 shares during the last quarter. 88.33% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently commented on the company. Zacks Investment Research upgraded New Oriental Education & Tech Grp from a “sell” rating to a “hold” rating in a report on Thursday, December 27th. JPMorgan Chase & Co. lowered New Oriental Education & Tech Grp from an “overweight” rating to a “neutral” rating and set a $76.64 price objective for the company. in a report on Monday. ValuEngine upgraded New Oriental Education & Tech Grp from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. Macquarie set a $75.00 price objective on New Oriental Education & Tech Grp and gave the company a “buy” rating in a report on Tuesday, January 15th. Finally, TheStreet lowered New Oriental Education & Tech Grp from a “b-” rating to a “c+” rating in a report on Thursday, December 13th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $82.27.

Shares of EDU stock opened at $78.74 on Thursday. The firm has a market capitalization of $11.27 billion, a P/E ratio of 42.11, a PEG ratio of 1.41 and a beta of 1.52. New Oriental Education & Tech Grp has a 1 year low of $50.30 and a 1 year high of $108.24.

New Oriental Education & Tech Grp (NYSE:EDU) last issued its earnings results on Tuesday, January 22nd. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.11. The company had revenue of $597.07 million during the quarter, compared to analyst estimates of $578.50 million. New Oriental Education & Tech Grp had a return on equity of 13.78% and a net margin of 8.32%. The firm’s quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter last year, the business posted $0.09 EPS. As a group, analysts forecast that New Oriental Education & Tech Grp will post 1.63 earnings per share for the current fiscal year.

New Oriental Education & Tech Grp declared that its Board of Directors has initiated a share buyback program on Tuesday, October 23rd that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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New Oriental Education & Tech Grp 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 Language Training and Test Preparation 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 achieve better scores on entrance exams for admission into high schools or higher education institutions, as well as for children to teach English.

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Institutional Ownership by Quarter for New Oriental Education & Tech Grp (NYSE:EDU)

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