Tower Research Capital LLC TRC increased its position in New Oriental Education & Technology Group Inc. (NYSE:EDU) by 7,667.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 6,447 shares of the company’s stock after buying an additional 6,364 shares during the period. Tower Research Capital LLC TRC’s holdings in New Oriental Education & Technology Group were worth $270,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Aviva PLC boosted its position in New Oriental Education & Technology Group by 6.5% in the first quarter. Aviva PLC now owns 9,800 shares of the company’s stock worth $339,000 after buying an additional 600 shares during the period. Blue Rock Advisors LLC acquired a new stake in New Oriental Education & Technology Group during the first quarter worth $507,000. NN Investment Partners Holdings N.V. acquired a new stake in New Oriental Education & Technology Group during the first quarter worth $395,000. JPMorgan Chase & Co. raised its stake in New Oriental Education & Technology Group by 119.2% in the first quarter. JPMorgan Chase & Co. now owns 317,716 shares of the company’s stock worth $10,991,000 after buying an additional 172,759 shares in the last quarter. Finally, BlackRock Fund Advisors raised its stake in New Oriental Education & Technology Group by 6.6% in the first quarter. BlackRock Fund Advisors now owns 894,548 shares of the company’s stock worth $30,942,000 after buying an additional 55,257 shares in the last quarter. 80.60% of the stock is currently owned by institutional investors.

New Oriental Education & Technology Group Inc. (NYSE:EDU) opened at 48.05 on Friday. The company has a 50-day moving average of $43.26 and a 200 day moving average of $40.23. New Oriental Education & Technology Group Inc. has a 12-month low of $18.46 and a 12-month high of $48.41. The company has a market capitalization of $7.54 billion, a P/E ratio of 33.60 and a beta of 1.80.

New Oriental Education & Technology Group (NYSE:EDU) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. New Oriental Education & Technology Group had a net margin of 15.21% and a return on equity of 16.90%. The business had revenue of $394.90 million for the quarter, compared to analyst estimates of $389.98 million. During the same quarter in the previous year, the firm posted $0.26 earnings per share. New Oriental Education & Technology Group’s quarterly revenue was up 20.1% on a year-over-year basis. Equities research analysts forecast that New Oriental Education & Technology Group Inc. will post $1.80 earnings per share for the current fiscal year.

A number of research firms recently weighed in on EDU. Zacks Investment Research lowered shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a report on Friday, September 16th. Brean Capital reiterated a “buy” rating on shares of New Oriental Education & Technology Group in a research note on Tuesday, August 2nd. T.H. Capital increased their price objective on shares of New Oriental Education & Technology Group from $34.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, July 21st. Nomura increased their price objective on shares of New Oriental Education & Technology Group from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, July 21st. Finally, Jefferies Group reiterated a “buy” rating and issued a $50.00 price objective on shares of New Oriental Education & Technology Group in a research note on Friday, July 8th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $41.27.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group Inc is a provider of private educational services in the People’s Republic of China (the PRC). The Company offers a range of educational programs, services and products, consisting primarily of English and other foreign language training, test preparation courses for admissions and assessment tests in the United States, the PRC and Commonwealth countries, primary and secondary school education, development and distribution of educational content, software and other technology, and online education.

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