Nomura Holdings Inc. Acquires 78,993 Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU)

Nomura Holdings Inc. boosted its holdings in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) by 53.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 225,539 shares of the company’s stock after purchasing an additional 78,993 shares during the quarter. Nomura Holdings Inc. owned about 0.13% of New Oriental Education & Technology Group worth $16,527,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Profund Advisors LLC increased its stake in New Oriental Education & Technology Group by 2.6% in the 3rd quarter. Profund Advisors LLC now owns 17,541 shares of the company’s stock worth $1,027,000 after acquiring an additional 451 shares during the last quarter. Assetmark Inc. increased its stake in New Oriental Education & Technology Group by 1,642.9% in the 4th quarter. Assetmark Inc. now owns 610 shares of the company’s stock worth $45,000 after acquiring an additional 575 shares during the last quarter. Deutsche Bank AG increased its stake in New Oriental Education & Technology Group by 2.8% in the 3rd quarter. Deutsche Bank AG now owns 22,572 shares of the company’s stock worth $1,322,000 after acquiring an additional 605 shares during the last quarter. Dfpg Investments LLC increased its stake in New Oriental Education & Technology Group by 7.3% in the 4th quarter. Dfpg Investments LLC now owns 11,674 shares of the company’s stock worth $852,000 after acquiring an additional 793 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in shares of New Oriental Education & Technology Group by 12.8% in the 4th quarter. Ritholtz Wealth Management now owns 15,221 shares of the company’s stock worth $1,115,000 after purchasing an additional 1,729 shares during the period.

New Oriental Education & Technology Group Stock Down 1.0 %

EDU opened at $72.98 on Wednesday. The business has a fifty day moving average of $81.63 and a 200 day moving average of $82.42. New Oriental Education & Technology Group Inc. has a 52-week low of $36.22 and a 52-week high of $98.20. The stock has a market cap of $12.38 billion, a P/E ratio of 39.24 and a beta of 0.48.

New Oriental Education & Technology Group (NYSE:EDU) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06). New Oriental Education & Technology Group had a net margin of 7.72% and a return on equity of 8.11%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Equities analysts anticipate that New Oriental Education & Technology Group Inc. will post 1.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Morgan Stanley lifted their target price on 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. Citigroup lifted their target price on New Oriental Education & Technology Group from $66.00 to $127.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Finally, HSBC assumed coverage on New Oriental Education & Technology Group in a report on Wednesday, May 29th. They issued a “buy” rating and a $110.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, New Oriental Education & Technology Group has a consensus rating of “Moderate Buy” and an average price target of $100.75.

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.