KBC Group NV Boosts Holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU)


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KBC Group NV boosted its position in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) by 909.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 504,436 shares of the company’s stock after acquiring an additional 454,446 shares during the period. KBC Group NV’s holdings in New Oriental Education & Technology Group were worth $7,062,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of EDU. Genesis Investment Management LLP lifted its position in New Oriental Education & Technology Group by 826.2% during the first quarter. Genesis Investment Management LLP now owns 19,076,731 shares of the company’s stock valued at $267,074,000 after acquiring an additional 17,017,033 shares during the last quarter. Rheos Capital Works Inc. grew its position in New Oriental Education & Technology Group by 900.0% during the first quarter. Rheos Capital Works Inc. now owns 2,608,000 shares of the company’s stock valued at $36,512,000 after buying an additional 2,347,200 shares during the period. Norges Bank purchased a new position in New Oriental Education & Technology Group during the fourth quarter valued at $360,919,000. Aubrey Capital Management Ltd lifted its holdings in New Oriental Education & Technology Group by 821.5% during the first quarter. Aubrey Capital Management Ltd now owns 1,420,190 shares of the company’s stock valued at $19,884,000 after purchasing an additional 1,266,071 shares in the last quarter. Finally, Guinness Asset Management LTD lifted its stake in shares of New Oriental Education & Technology Group by 1,305.3% in the first quarter. Guinness Asset Management LTD now owns 1,324,340 shares of the company’s stock worth $18,541,000 after buying an additional 1,230,100 shares in the last quarter. 80.65% of the stock is owned by institutional investors.

EDU has been the topic of several research reports. Zacks Investment Research raised shares of New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a research note on Friday, March 26th. Citigroup raised their price target on shares of New Oriental Education & Technology Group from $19.80 to $21.50 in a research note on Wednesday, April 21st. CLSA initiated coverage on shares of New Oriental Education & Technology Group in a research note on Thursday, April 15th. They issued an “outperform” rating and a $18.70 price target on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their target price on shares of New Oriental Education & Technology Group from $19.80 to $21.50 in a research note on Wednesday, April 21st. Finally, The Goldman Sachs Group lifted their target price on shares of New Oriental Education & Technology Group from $18.60 to $20.10 and gave the stock a “conviction-buy” rating in a research note on Tuesday, April 27th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $98.98.

Shares of EDU stock opened at $15.10 on Tuesday. New Oriental Education & Technology Group Inc. has a 12 month low of $11.26 and a 12 month high of $19.97. The company has a market capitalization of $25.88 billion, a PE ratio of 6.37 and a beta of 0.95. The firm’s 50-day moving average is $15.39 and its two-hundred day moving average is $133.16.

New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings results on Monday, April 19th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. New Oriental Education & Technology Group had a net margin of 10.85% and a return on equity of 12.98%. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the business earned $0.09 earnings per share. The business’s revenue for the quarter was up 29.0% on a year-over-year basis. As a group, analysts anticipate that New Oriental Education & Technology Group Inc. will post 3.13 earnings per share for the current fiscal year.

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. 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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