JPMorgan Chase & Co. raised its position in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 769.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,017,034 shares of the company’s stock after purchasing an additional 1,785,142 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.28% of New Oriental Education & Technology Group worth $176,955,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its position in shares of New Oriental Education & Technology Group by 2.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,513 shares of the company’s stock worth $107,000 after buying an additional 35 shares during the period. Nippon Life Insurance Co. acquired a new stake in shares of New Oriental Education & Technology Group during the 2nd quarter worth approximately $111,000. Advisor Group Inc. grew its position in shares of New Oriental Education & Technology Group by 182.5% during the 2nd quarter. Advisor Group Inc. now owns 1,743 shares of the company’s stock worth $123,000 after buying an additional 1,126 shares during the period. Stevens Capital Management LP acquired a new stake in shares of New Oriental Education & Technology Group during the 2nd quarter worth approximately $207,000. Finally, Wetherby Asset Management Inc. acquired a new stake in shares of New Oriental Education & Technology Group during the 2nd quarter worth approximately $227,000. 77.38% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently commented on EDU shares. Morgan Stanley initiated coverage on shares of New Oriental Education & Technology Group in a research report on Friday, August 25th. They set an “overweight” rating and a $100.00 price objective for the company. J P Morgan Chase & Co cut New Oriental Education & Technology Group from a “neutral” rating to an “underweight” rating and set a $82.00 target price on the stock. in a report on Thursday, September 14th. Bank of America upgraded New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and set a $105.00 price objective on the stock in a research note on Monday, September 25th. Zacks Investment Research upgraded New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research note on Tuesday, September 26th. Finally, Vetr cut New Oriental Education & Technology Group from a “buy” rating to a “hold” rating and set a $94.84 price objective on the stock. in a research note on Wednesday, October 4th. Three analysts have rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $89.76.

Shares of New Oriental Education & Technology Group, Inc. (NYSE EDU) traded down $0.14 during trading on Friday, hitting $84.86. The stock had a trading volume of 1,689,900 shares, compared to its average volume of 1,354,865. New Oriental Education & Technology Group, Inc. has a 1 year low of $37.16 and a 1 year high of $94.63. The stock has a market cap of $13,922.22, a price-to-earnings ratio of 47.72, a PEG ratio of 1.37 and a beta of 1.31.

New Oriental Education & Technology Group (NYSE:EDU) last announced its earnings results on Tuesday, October 24th. The company reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.04). New Oriental Education & Technology Group had a net margin of 15.15% and a return on equity of 17.32%. The business had revenue of $661.20 million for the quarter, compared to analysts’ expectations of $643.90 million. During the same period in the prior year, the business earned $0.90 earnings per share. The company’s revenue for the quarter was up 23.8% compared to the same quarter last year. sell-side analysts expect that New Oriental Education & Technology Group, Inc. will post 2.03 earnings per share for the current fiscal year.

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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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