Aberdeen Asset Management PLC UK grew its holdings in New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 370.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 156,966 shares of the company’s stock after buying an additional 123,566 shares during the quarter. Aberdeen Asset Management PLC UK owned 0.10% of New Oriental Education & Technology Group worth $11,065,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in EDU. Teachers Advisors LLC raised its stake in shares of New Oriental Education & Technology Group by 6.4% in the 4th quarter. Teachers Advisors LLC now owns 56,344 shares of the company’s stock valued at $2,372,000 after buying an additional 3,400 shares in the last quarter. First Trust Advisors LP raised its stake in shares of New Oriental Education & Technology Group by 49.0% in the 1st quarter. First Trust Advisors LP now owns 35,692 shares of the company’s stock valued at $2,155,000 after buying an additional 11,735 shares in the last quarter. Boston Partners raised its stake in shares of New Oriental Education & Technology Group by 31.4% in the 1st quarter. Boston Partners now owns 104,618 shares of the company’s stock valued at $6,317,000 after buying an additional 25,000 shares in the last quarter. US Bancorp DE raised its stake in shares of New Oriental Education & Technology Group by 27.7% in the 1st quarter. US Bancorp DE now owns 9,563 shares of the company’s stock valued at $578,000 after buying an additional 2,076 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of New Oriental Education & Technology Group by 2.1% in the 1st quarter. Bank of New York Mellon Corp now owns 166,591 shares of the company’s stock valued at $10,059,000 after buying an additional 3,469 shares in the last quarter. Institutional investors own 76.33% of the company’s stock.

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Shares of New Oriental Education & Technology Group, Inc. (NYSE EDU) opened at 91.01 on Wednesday. The stock has a 50 day moving average of $81.14 and a 200 day moving average of $69.92. The company has a market cap of $14.35 billion, a price-to-earnings ratio of 52.30 and a beta of 1.37. New Oriental Education & Technology Group, Inc. has a 12-month low of $37.16 and a 12-month high of $91.99.

New Oriental Education & Technology Group (NYSE:EDU) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.03). The company had revenue of $486.40 million during the quarter, compared to analyst estimates of $477.81 million. New Oriental Education & Technology Group had a net margin of 15.25% and a return on equity of 17.02%. The firm’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period last year, the firm earned $0.29 EPS. On average, equities analysts expect that New Oriental Education & Technology Group, Inc. will post $2.38 earnings per share for the current fiscal year.

The business also recently declared a special dividend, which will be paid on Friday, October 6th. Investors 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 an increase from New Oriental Education & Technology Group’s previous special dividend of $0.40.

A number of brokerages have recently issued reports on EDU. Morgan Stanley began coverage on shares of New Oriental Education & Technology Group in a research note on Friday, August 25th. They issued an “overweight” rating and a $100.00 price objective for the company. UBS AG began coverage on shares of New Oriental Education & Technology Group in a research note on Tuesday, August 1st. They issued a “buy” rating and a $96.75 price objective for the company. Zacks Investment Research cut shares of New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 28th. Benchmark Co. increased their price objective on shares of New Oriental Education & Technology Group from $75.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, July 26th. Finally, BidaskClub cut shares of New Oriental Education & Technology Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $79.32.

New Oriental Education & Technology Group 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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