AIA Group Ltd Acquires New Holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU)

AIA Group Ltd bought a new position in New Oriental Education & Technology Group Inc. (NYSE:EDU) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 74,803 shares of the company’s stock, valued at approximately $5,673,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Ridgewood Investments LLC bought a new position in shares of New Oriental Education & Technology Group in the second quarter worth $43,000. Ashton Thomas Private Wealth LLC bought a new position in New Oriental Education & Technology Group in the 2nd quarter worth about $50,000. Blue Trust Inc. increased its stake in New Oriental Education & Technology Group by 782.4% in the 2nd quarter. Blue Trust Inc. now owns 803 shares of the company’s stock worth $62,000 after acquiring an additional 712 shares during the last quarter. Hancock Whitney Corp purchased a new stake in shares of New Oriental Education & Technology Group in the 2nd quarter valued at about $212,000. Finally, QRG Capital Management Inc. boosted its position in shares of New Oriental Education & Technology Group by 7.4% during the 2nd quarter. QRG Capital Management Inc. now owns 3,666 shares of the company’s stock valued at $285,000 after acquiring an additional 254 shares during the last quarter.

New Oriental Education & Technology Group Trading Up 2.1 %

Shares of NYSE EDU opened at $61.32 on Friday. The stock’s 50-day moving average is $66.16 and its 200 day moving average is $72.54. The stock has a market cap of $10.41 billion, a price-to-earnings ratio of 26.21 and a beta of 0.49. New Oriental Education & Technology Group Inc. has a 1-year low of $56.18 and a 1-year 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 EPS for the quarter, topping the consensus estimate of $1.33 by $0.27. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.45 billion. New Oriental Education & Technology Group had a net margin of 8.38% and a return on equity of 9.43%. The business’s revenue was up 30.5% compared to the same quarter last year. During the same period last year, the firm posted $0.99 earnings per share. On average, analysts forecast that New Oriental Education & Technology Group Inc. will post 2.85 EPS for the current fiscal year.

New Oriental Education & Technology Group Dividend Announcement

The firm also recently declared a — dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 9th were paid a $0.58 dividend. The ex-dividend date was Monday, September 9th.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on EDU shares. Citigroup decreased their price objective 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. Morgan Stanley set a $83.00 price target on shares of New Oriental Education & Technology Group in a research note on Thursday, October 17th. Finally, StockNews.com upgraded shares of New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, New Oriental Education & Technology Group currently has an average rating of “Moderate Buy” and a consensus target price of $99.67.

New Oriental Education & Technology Group Company 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.