OneAscent Financial Services LLC Invests $272,000 in New Oriental Education & Technology Group Inc. (NYSE:EDU)


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OneAscent Financial Services LLC bought a new position in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,465 shares of the company’s stock, valued at approximately $272,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of EDU. Harding Loevner LP lifted its stake in shares of New Oriental Education & Technology Group by 71,495.9% during the 3rd quarter. Harding Loevner LP now owns 759,632 shares of the company’s stock worth $113,565,000 after buying an additional 758,571 shares during the last quarter. FMR LLC lifted its stake in shares of New Oriental Education & Technology Group by 16.7% during the 2nd quarter. FMR LLC now owns 5,218,553 shares of the company’s stock worth $679,613,000 after buying an additional 747,773 shares during the last quarter. Prudential PLC lifted its stake in shares of New Oriental Education & Technology Group by 320.4% during the 3rd quarter. Prudential PLC now owns 761,850 shares of the company’s stock worth $113,897,000 after buying an additional 580,640 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of New Oriental Education & Technology Group by 8.1% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 6,634,741 shares of the company’s stock worth $991,894,000 after buying an additional 497,046 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of New Oriental Education & Technology Group by 9.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,667,391 shares of the company’s stock worth $834,411,000 after buying an additional 474,197 shares during the last quarter. Institutional investors own 71.65% of the company’s stock.

EDU has been the subject of several analyst reports. Zacks Investment Research upgraded shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $180.00 price objective for the company in a research note on Monday, November 2nd. Nomura reiterated a “buy” rating on shares of New Oriental Education & Technology Group in a research note on Tuesday, October 13th. Benchmark lifted their price objective on shares of New Oriental Education & Technology Group from $148.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, October 14th. They noted that the move was a valuation call. Finally, Citigroup lifted their price objective on shares of New Oriental Education & Technology Group from $160.00 to $198.00 and gave the stock a “buy” rating in a research note on Thursday, October 15th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $168.40.

EDU stock opened at $176.19 on Thursday. New Oriental Education & Technology Group Inc. has a 12 month low of $102.01 and a 12 month high of $187.43. The firm has a market cap of $29.76 billion, a P/E ratio of 74.34 and a beta of 0.92. The company’s 50-day moving average price is $170.01 and its two-hundred day moving average price is $157.13.

New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings results on Sunday, October 18th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.19. The company had revenue of $986.40 million for the quarter, compared to analyst estimates of $954.64 million. New Oriental Education & Technology Group had a net margin of 10.85% and a return on equity of 12.98%. The firm’s revenue was down 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.44 EPS. As a group, equities research analysts forecast that New Oriental Education & Technology Group Inc. will post 3.43 EPS for the current fiscal year.

About New Oriental Education & Technology Group

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. It operates through K-12 AST, Test Preparation and Other Courses; and Others segments. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People's Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to enhance their exam scores, as well as for children to teach English.

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Institutional Ownership by Quarter for New Oriental Education & Technology Group (NYSE:EDU)

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