Barclays PLC Lowers Stake in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Barclays PLC lessened its holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU) by 99.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,121 shares of the company’s stock after selling 112,259 shares during the period. Barclays PLC’s holdings in New Oriental Education & Technology Group were worth $85,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC purchased a new stake in shares of New Oriental Education & Technology Group in the second quarter valued at approximately $50,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in New Oriental Education & Technology Group by 14.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,658 shares of the company’s stock valued at $126,000 after acquiring an additional 206 shares during the period. Blue Trust Inc. increased its holdings in New Oriental Education & Technology Group by 155.5% in the 3rd quarter. Blue Trust Inc. now owns 2,052 shares of the company’s stock worth $160,000 after acquiring an additional 1,249 shares in the last quarter. Hancock Whitney Corp acquired a new position in New Oriental Education & Technology Group during the second quarter worth $212,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in New Oriental Education & Technology Group during the third quarter valued at $297,000.

Analyst Ratings Changes

A number of research firms have recently commented on EDU. Morgan Stanley set a $83.00 target price on shares of New Oriental Education & Technology Group in a research note on Thursday, October 17th. StockNews.com upgraded New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th.

New Oriental Education & Technology Group Stock Up 0.3 %

Shares of EDU opened at $63.68 on Thursday. The firm’s fifty day moving average is $60.95 and its two-hundred day moving average is $66.54. The stock has a market cap of $10.81 billion, a PE ratio of 27.21 and a beta of 0.44. New Oriental Education & Technology Group Inc. has a 52-week low of $54.00 and a 52-week high of $98.20.

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

New Oriental Education & Technology Group Profile

New Oriental Education & Technology Group, Inc is a holding company, which engages in the provision of private educational services. It operates through the following segments: Educational Services and Test Preparation Courses, Private Label Products and Livestreaming E-Commerce, Overseas Study Consulting Services, and Educational Materials and Distribution.