Sei Investments Co. decreased its stake in New Oriental Education & Technology Group Inc. (NYSE:EDU) by 5.2% during the third quarter, Holdings Channel reports. The institutional investor owned 356,734 shares of the company’s stock after selling 19,629 shares during the period. Sei Investments Co.’s holdings in New Oriental Education & Technology Group were worth $16,538,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. UBS Asset Management Americas Inc. increased its position in shares of New Oriental Education & Technology Group by 21.6% in the third quarter. UBS Asset Management Americas Inc. now owns 381,233 shares of the company’s stock valued at $17,675,000 after buying an additional 67,635 shares in the last quarter. Pillar Pacific Capital Management LLC increased its position in shares of New Oriental Education & Technology Group by 0.9% in the third quarter. Pillar Pacific Capital Management LLC now owns 8,865 shares of the company’s stock valued at $411,000 after buying an additional 75 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of New Oriental Education & Technology Group by 40.1% in the third quarter. PNC Financial Services Group Inc. now owns 3,237 shares of the company’s stock valued at $149,000 after buying an additional 926 shares in the last quarter. KBC Group NV increased its position in shares of New Oriental Education & Technology Group by 252.6% in the third quarter. KBC Group NV now owns 130,093 shares of the company’s stock valued at $6,031,000 after buying an additional 93,201 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of New Oriental Education & Technology Group by 2.4% in the third quarter. Bank of New York Mellon Corp now owns 160,551 shares of the company’s stock valued at $7,443,000 after buying an additional 3,773 shares in the last quarter. Institutional investors own 77.43% of the company’s stock.

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

New Oriental Education & Technology Group Inc. (NYSE:EDU) remained flat at $50.19 during trading on Wednesday. The company’s stock had a trading volume of 274,483 shares. New Oriental Education & Technology Group Inc. has a 12-month low of $27.40 and a 12-month high of $53.38. The stock has a market capitalization of $7.90 billion, a PE ratio of 33.39 and a beta of 1.32. The stock’s 50 day moving average is $49.42 and its 200-day moving average is $44.40.

New Oriental Education & Technology Group (NYSE:EDU) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.99 by $0.09. The company earned $534.10 million during the quarter, compared to analysts’ expectations of $521.77 million. New Oriental Education & Technology Group had a return on equity of 16.87% and a net margin of 15.28%. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter last year, the company earned $0.84 earnings per share. On average, analysts forecast that New Oriental Education & Technology Group Inc. will post $1.76 earnings per share for the current year.

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Several research analysts have recently commented on the company. Zacks Investment Research downgraded New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Brean Capital boosted their price target on New Oriental Education & Technology Group to $60.00 and gave the company a “buy” rating in a research note on Wednesday, October 26th. Finally, Daiwa Capital Markets initiated coverage on New Oriental Education & Technology Group in a research note on Monday, October 10th. They issued a “buy” rating for the company. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. New Oriental Education & Technology Group currently has a consensus rating of “Buy” and a consensus price target of $44.30.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group Inc is a provider of private educational services in the People’s Republic of China (the PRC). The Company provides educational services under its New Oriental brand. The Company operates through seven segments, which include language training and test preparation, primary and secondary school education, online education, content development and distribution, pre-school education, overseas study consulting services and study tour.

5 Day Chart for NYSE:EDU

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