Panview Asian Equity Master Fund Has $28.80 Million Holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Panview Asian Equity Master Fund boosted its holdings in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 392,972 shares of the company’s stock after acquiring an additional 25,000 shares during the period. New Oriental Education & Technology Group comprises about 19.2% of Panview Asian Equity Master Fund’s portfolio, making the stock its 2nd largest position. Panview Asian Equity Master Fund’s holdings in New Oriental Education & Technology Group were worth $28,797,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in EDU. FMR LLC increased its holdings in shares of New Oriental Education & Technology Group by 92.7% in the 3rd quarter. FMR LLC now owns 6,631,500 shares of the company’s stock valued at $388,274,000 after acquiring an additional 3,189,254 shares during the period. Sylebra Capital LLC bought a new stake in New Oriental Education & Technology Group during the third quarter valued at about $63,935,000. Schroder Investment Management Group grew its stake in New Oriental Education & Technology Group by 22.8% in the third quarter. Schroder Investment Management Group now owns 4,094,455 shares of the company’s stock valued at $239,730,000 after purchasing an additional 760,062 shares during the last quarter. WT Asset Management Ltd raised its holdings in New Oriental Education & Technology Group by 48.9% in the third quarter. WT Asset Management Ltd now owns 1,899,128 shares of the company’s stock worth $111,194,000 after purchasing an additional 623,435 shares in the last quarter. Finally, Ariose Capital Management Ltd purchased a new stake in shares of New Oriental Education & Technology Group during the fourth quarter valued at about $30,631,000.

New Oriental Education & Technology Group Price Performance

NYSE EDU traded up $1.72 during trading on Tuesday, hitting $89.62. The company’s stock had a trading volume of 1,695,285 shares, compared to its average volume of 1,634,180. New Oriental Education & Technology Group Inc. has a fifty-two week low of $35.70 and a fifty-two week high of $98.20. The company has a market cap of $15.21 billion, a PE ratio of 49.24 and a beta of 0.49. The business’s 50 day simple moving average is $89.76 and its 200-day simple moving average is $78.83.

New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings data on Wednesday, January 24th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.23). New Oriental Education & Technology Group had a net margin of 8.54% and a return on equity of 7.97%. The company had revenue of $869.60 million during the quarter, compared to analysts’ expectations of $814.01 million. During the same period in the previous year, the business earned $0.01 earnings per share. The business’s revenue for the quarter was up 36.3% compared to the same quarter last year. Analysts expect that New Oriental Education & Technology Group Inc. will post 2.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EDU. StockNews.com downgraded shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Morgan Stanley lifted their price target on shares of New Oriental Education & Technology Group from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th.

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. 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.