State of New Jersey Common Pension Fund D boosted its position in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 169,198 shares of the company’s stock after buying an additional 1,883 shares during the period. State of New Jersey Common Pension Fund D’s holdings in New Oriental Education & Technology Group were worth $11,927,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. OppenheimerFunds Inc. increased its stake in shares of New Oriental Education & Technology Group by 1.5% in the first quarter. OppenheimerFunds Inc. now owns 9,328,992 shares of the company’s stock worth $563,284,000 after buying an additional 134,050 shares in the last quarter. Baillie Gifford & Co. increased its stake in shares of New Oriental Education & Technology Group by 2.0% in the first quarter. Baillie Gifford & Co. now owns 8,217,804 shares of the company’s stock worth $496,191,000 after buying an additional 160,021 shares in the last quarter. BlackRock Inc. increased its stake in shares of New Oriental Education & Technology Group by 5,434.7% in the first quarter. BlackRock Inc. now owns 6,286,645 shares of the company’s stock worth $379,587,000 after buying an additional 6,173,060 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of New Oriental Education & Technology Group by 16.9% in the first quarter. Wellington Management Group LLP now owns 3,694,007 shares of the company’s stock worth $223,045,000 after buying an additional 533,495 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in shares of New Oriental Education & Technology Group by 235.2% in the first quarter. UBS Asset Management Americas Inc. now owns 2,106,533 shares of the company’s stock worth $127,192,000 after buying an additional 1,478,100 shares in the last quarter. Institutional investors and hedge funds own 83.08% of the company’s stock.

Shares of New Oriental Education & Technology Group, Inc. (NYSE EDU) opened at 79.82 on Thursday. The firm’s 50-day moving average is $76.81 and its 200 day moving average is $64.50. The firm has a market capitalization of $12.59 billion, a P/E ratio of 45.87 and a beta of 1.40. New Oriental Education & Technology Group, Inc. has a one year low of $37.16 and a one year high of $83.91.

New Oriental Education & Technology Group (NYSE:EDU) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.03. New Oriental Education & Technology Group had a net margin of 15.25% and a return on equity of 17.02%. The business had revenue of $486.40 million during the quarter, compared to analyst estimates of $477.81 million. During the same period last year, the firm posted $0.29 earnings per share. New Oriental Education & Technology Group’s quarterly revenue was up 23.2% compared to the same quarter last year. Equities research analysts predict that New Oriental Education & Technology Group, Inc. will post $2.37 earnings per share for the current year.

The firm also recently declared a special dividend, which will be paid on Friday, October 6th. Shareholders of record on Wednesday, September 6th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, September 1st. This is a positive change from New Oriental Education & Technology Group’s previous special dividend of $0.40.

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EDU has been the topic of a number of analyst reports. Benchmark Co. initiated coverage on shares of New Oriental Education & Technology Group in a research report on Tuesday, April 18th. They issued a “buy” rating and a $75.00 price target on the stock. Goldman Sachs Group, Inc. (The) upgraded shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 16th. Zacks Investment Research upgraded shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a report on Tuesday, July 18th. Jefferies Group LLC restated a “buy” rating and set a $74.80 target price on shares of New Oriental Education & Technology Group in a report on Tuesday, April 25th. Finally, BidaskClub downgraded shares of New Oriental Education & Technology Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $76.36.

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 provides educational services under its New Oriental brand. The Company operates through seven segments, which include language training and test preparation, primary and secondary school education, online education, content development and distribution, pre-school education, overseas study consulting services and study tour.

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Institutional Ownership by Quarter for New Oriental Education & Technology Group (NYSE:EDU)

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