Ameriprise Financial Inc. grew its position in New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 633.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,377,489 shares of the company’s stock after buying an additional 2,917,183 shares during the period. Ameriprise Financial Inc. owned 2.14% of New Oriental Education & Technology Group worth $238,074,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of EDU. OppenheimerFunds Inc. lifted its holdings in shares of New Oriental Education & Technology Group by 1.5% in the 1st quarter. OppenheimerFunds Inc. now owns 9,328,992 shares of the company’s stock worth $563,284,000 after acquiring an additional 134,050 shares during the last quarter. Baillie Gifford & Co. raised its holdings in shares of New Oriental Education & Technology Group by 0.6% in the 2nd quarter. Baillie Gifford & Co. now owns 8,264,923 shares of the company’s stock valued at $582,594,000 after purchasing an additional 47,119 shares in the last quarter. BlackRock Inc. raised its holdings in shares of New Oriental Education & Technology Group by 5,434.7% in the 1st quarter. BlackRock Inc. now owns 6,286,645 shares of the company’s stock valued at $379,587,000 after purchasing an additional 6,173,060 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of New Oriental Education & Technology Group by 16.9% in the 1st quarter. Wellington Management Group LLP now owns 3,694,007 shares of the company’s stock valued at $223,045,000 after purchasing an additional 533,495 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its holdings in shares of New Oriental Education & Technology Group by 235.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 2,106,533 shares of the company’s stock valued at $127,192,000 after purchasing an additional 1,478,100 shares in the last quarter. 76.33% of the stock is owned by institutional investors and hedge funds.

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Several research analysts have issued reports on EDU shares. J P Morgan Chase & Co downgraded shares of New Oriental Education & Technology Group from a “neutral” rating to an “underweight” rating in a research report on Thursday. UBS AG assumed coverage on shares of New Oriental Education & Technology Group in a report on Tuesday, August 1st. They set a “buy” rating and a $96.75 price target for the company. Zacks Investment Research downgraded shares of New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a report on Friday, July 28th. 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. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $74.80 price objective on shares of New Oriental Education & Technology Group in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $79.32.

Shares of New Oriental Education & Technology Group, Inc. (EDU) traded down 4.30% during mid-day trading on Thursday, reaching $87.91. The company had a trading volume of 567,385 shares. New Oriental Education & Technology Group, Inc. has a 52-week low of $37.16 and a 52-week high of $91.99. The firm’s 50-day moving average price is $81.44 and its 200 day moving average price is $70.22. The company has a market cap of $13.86 billion, a price-to-earnings ratio of 50.52 and a beta of 1.37.

New Oriental Education & Technology Group (NYSE:EDU) last released its earnings results on Tuesday, July 25th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.03). The business had revenue of $486.40 million for the quarter, compared to analyst estimates of $477.81 million. New Oriental Education & Technology Group had a return on equity of 17.02% and a net margin of 15.25%. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 EPS. Equities analysts expect that New Oriental Education & Technology Group, Inc. will post $2.37 EPS for the current year.

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

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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