Farallon Capital Management LLC Has $114.23 Million Stock Holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Farallon Capital Management LLC lifted its holdings in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) by 139.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,469,590 shares of the company’s stock after purchasing an additional 854,590 shares during the period. Farallon Capital Management LLC owned 0.87% of New Oriental Education & Technology Group worth $114,231,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD bought a new stake in New Oriental Education & Technology Group in the first quarter valued at approximately $103,392,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of New Oriental Education & Technology Group by 141.4% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,608,792 shares of the company’s stock valued at $117,892,000 after purchasing an additional 942,392 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in New Oriental Education & Technology Group by 37.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,374,408 shares of the company’s stock worth $173,997,000 after purchasing an additional 646,122 shares during the period. Wellington Management Group LLP bought a new stake in New Oriental Education & Technology Group in the fourth quarter worth approximately $27,580,000. Finally, Thornburg Investment Management Inc. lifted its stake in New Oriental Education & Technology Group by 211.7% in the second quarter. Thornburg Investment Management Inc. now owns 553,694 shares of the company’s stock valued at $43,058,000 after buying an additional 376,036 shares during the period.

Analysts Set New Price Targets

EDU has been the subject of several research analyst reports. Citigroup lowered their price objective on shares of New Oriental Education & Technology Group from $127.00 to $106.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. HSBC started coverage on New Oriental Education & Technology Group in a research report on Wednesday, May 29th. They issued a “buy” rating and a $110.00 target price for the company. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $103.67.

New Oriental Education & Technology Group Price Performance

EDU opened at $60.25 on Tuesday. The firm has a market capitalization of $10.22 billion, a PE ratio of 32.39 and a beta of 0.46. New Oriental Education & Technology Group Inc. has a fifty-two week low of $53.44 and a fifty-two week high of $98.20. The company’s 50-day moving average is $66.18 and its 200 day moving average is $76.88.

New Oriental Education & Technology Group (NYSE:EDU) last posted its earnings results on Wednesday, July 31st. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.19). The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. New Oriental Education & Technology Group had a net margin of 7.18% and a return on equity of 7.50%. As a group, analysts expect that New Oriental Education & Technology Group Inc. will post 2.83 EPS for the current year.

New Oriental Education & Technology Group Announces Dividend

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

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.