BNP PARIBAS ASSET MANAGEMENT Holding S.A. Increases Stake in New Oriental Education & Technology Group Inc. (NYSE:EDU)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) by 3.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 592,564 shares of the company’s stock after purchasing an additional 19,401 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.35% of New Oriental Education & Technology Group worth $44,940,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Farallon Capital Management LLC raised its stake in shares of New Oriental Education & Technology Group by 139.0% during the second quarter. Farallon Capital Management LLC now owns 1,469,590 shares of the company’s stock valued at $114,231,000 after acquiring an additional 854,590 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of New Oriental Education & Technology Group in the 1st quarter worth approximately $1,220,000. Fiera Capital Corp increased its stake in shares of New Oriental Education & Technology Group by 19.8% during the third quarter. Fiera Capital Corp now owns 51,371 shares of the company’s stock valued at $3,896,000 after buying an additional 8,499 shares during the period. Swedbank AB bought a new position in shares of New Oriental Education & Technology Group during the first quarter valued at approximately $6,171,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in New Oriental Education & Technology Group in the third quarter worth $629,000.

New Oriental Education & Technology Group Trading Up 1.8 %

Shares of New Oriental Education & Technology Group stock opened at $57.76 on Friday. The business has a fifty day simple moving average of $65.40 and a two-hundred day simple moving average of $70.80. The firm has a market capitalization of $9.80 billion, a P/E ratio of 24.68 and a beta of 0.49. New Oriental Education & Technology Group Inc. has a 12 month low of $54.00 and a 12 month high of $98.20.

New Oriental Education & Technology Group (NYSE:EDU) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.27. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.45 billion. New Oriental Education & Technology Group had a net margin of 8.38% and a return on equity of 9.43%. New Oriental Education & Technology Group’s revenue was up 30.5% on a year-over-year basis. During the same period last year, the company posted $0.99 EPS. Analysts predict that New Oriental Education & Technology Group Inc. will post 2.94 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EDU. StockNews.com raised shares of New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Citigroup reduced their price target on shares of New Oriental Education & Technology Group from $127.00 to $106.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, Morgan Stanley set a $83.00 price target on shares of New Oriental Education & Technology Group in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.67.

New Oriental Education & Technology Group Profile

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People’s Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.