Aubrey Capital Management Ltd Raises Position in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Aubrey Capital Management Ltd grew its position in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 304,056 shares of the company’s stock after buying an additional 4,200 shares during the quarter. New Oriental Education & Technology Group makes up about 9.5% of Aubrey Capital Management Ltd’s investment portfolio, making the stock its biggest position. Aubrey Capital Management Ltd owned 0.18% of New Oriental Education & Technology Group worth $22,281,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of New Oriental Education & Technology Group by 92.7% during the third quarter. FMR LLC now owns 6,631,500 shares of the company’s stock valued at $388,274,000 after purchasing an additional 3,189,254 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of New Oriental Education & Technology Group by 22.8% during 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 grew its stake in shares of New Oriental Education & Technology Group by 48.9% during the third quarter. WT Asset Management Ltd now owns 1,899,128 shares of the company’s stock valued at $111,194,000 after purchasing an additional 623,435 shares during the last quarter. Sylebra Capital LLC acquired a new position in New Oriental Education & Technology Group in the third quarter valued at approximately $63,935,000. Finally, Ariose Capital Management Ltd acquired a new position in New Oriental Education & Technology Group in the fourth quarter valued at approximately $30,631,000.

New Oriental Education & Technology Group Price Performance

EDU traded up $3.62 during mid-day trading on Friday, hitting $83.26. The stock had a trading volume of 3,470,499 shares, compared to its average volume of 1,933,292. The stock’s fifty day simple moving average is $89.25 and its 200-day simple moving average is $78.82. The firm has a market capitalization of $14.13 billion, a price-to-earnings ratio of 44.76 and a beta of 0.49. New Oriental Education & Technology Group Inc. has a 1-year low of $35.70 and a 1-year high of $98.20.

New Oriental Education & Technology Group (NYSE:EDU) last issued its quarterly earnings data on Wednesday, January 24th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.23). New Oriental Education & Technology Group had a return on equity of 8.11% and a net margin of 7.72%. The company had revenue of $869.60 million for the quarter, compared to analyst estimates of $814.01 million. During the same quarter in the previous year, the business earned $0.01 earnings per share. The company’s revenue was up 36.3% on a year-over-year basis. As a group, research analysts expect that New Oriental Education & Technology Group Inc. will post 2.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

EDU has been the topic of several analyst reports. Morgan Stanley increased their price objective on shares of New Oriental Education & Technology Group from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Citigroup increased their price objective on shares of New Oriental Education & Technology Group from $66.00 to $127.00 and gave the company a “buy” rating in a report on Thursday. Finally, StockNews.com lowered shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, New Oriental Education & Technology Group has a consensus rating of “Moderate Buy” and a consensus target price of $97.67.

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.