New Oriental Education & Technology Group, Inc. (EDU) Shares Bought by American Century Companies Inc.

American Century Companies Inc. boosted its position in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 37.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 348,290 shares of the company’s stock after acquiring an additional 95,773 shares during the quarter. American Century Companies Inc. owned 0.22% of New Oriental Education & Technology Group worth $30,740,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Baillie Gifford & Co. boosted its holdings in New Oriental Education & Technology Group by 0.6% during the 2nd quarter. Baillie Gifford & Co. now owns 8,264,923 shares of the company’s stock valued at $582,594,000 after acquiring an additional 47,119 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in New Oriental Education & Technology Group by 130.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,854,260 shares of the company’s stock valued at $342,177,000 after acquiring an additional 2,747,727 shares during the period. Ameriprise Financial Inc. boosted its holdings in New Oriental Education & Technology Group by 633.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,377,489 shares of the company’s stock valued at $238,074,000 after acquiring an additional 2,917,183 shares during the period. Greenwoods Asset Management Ltd boosted its holdings in New Oriental Education & Technology Group by 39.8% during the 2nd quarter. Greenwoods Asset Management Ltd now owns 2,845,660 shares of the company’s stock valued at $200,591,000 after acquiring an additional 809,660 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in New Oriental Education & Technology Group by 18.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,333,593 shares of the company’s stock valued at $164,495,000 after acquiring an additional 370,597 shares during the period. Institutional investors own 75.97% of the company’s stock.

Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a research note on Friday. Jefferies Group LLC reiterated a “buy” rating and issued a $109.00 price objective on shares of New Oriental Education & Technology Group in a research note on Thursday, October 26th. CLSA cut New Oriental Education & Technology Group from an “outperform” rating to an “underperform” rating in a research note on Tuesday, October 24th. Vetr cut New Oriental Education & Technology Group from a “buy” rating to a “hold” rating and set a $94.84 price objective for the company. in a research note on Tuesday, October 10th. Finally, Benchmark Co. lifted their price objective on New Oriental Education & Technology Group from $94.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $89.76.

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Shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) opened at $84.58 on Tuesday. New Oriental Education & Technology Group, Inc. has a 12-month low of $37.16 and a 12-month high of $94.63. The firm has a market capitalization of $13,487.00, a PE ratio of 46.23, a PEG ratio of 1.33 and a beta of 1.31.

New Oriental Education & Technology Group (NYSE:EDU) last issued its earnings results on Tuesday, October 24th. The company reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.04). New Oriental Education & Technology Group had a return on equity of 17.32% and a net margin of 15.15%. The business had revenue of $661.20 million for the quarter, compared to analyst estimates of $643.90 million. During the same period last year, the business posted $0.90 EPS. New Oriental Education & Technology Group’s revenue was up 23.8% on a year-over-year basis. research analysts anticipate that New Oriental Education & Technology Group, Inc. will post 2.03 earnings per share for the current year.

About New Oriental Education & Technology Group

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.

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

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