XTX Topco Ltd Buys New Position in New Oriental Education & Technology Group Inc. (NYSE:EDU)

XTX Topco Ltd purchased a new position in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 24,521 shares of the company’s stock, valued at approximately $1,860,000.

Several other hedge funds have also recently added to or reduced their stakes in EDU. Ridgewood Investments LLC acquired a new position in New Oriental Education & Technology Group in the second quarter valued at $43,000. Ashton Thomas Private Wealth LLC bought a new position in shares of New Oriental Education & Technology Group in the 2nd quarter worth about $50,000. Blue Trust Inc. lifted its stake in shares of New Oriental Education & Technology Group by 782.4% in the 2nd quarter. Blue Trust Inc. now owns 803 shares of the company’s stock valued at $62,000 after purchasing an additional 712 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of New Oriental Education & Technology Group by 14.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,658 shares of the company’s stock valued at $126,000 after purchasing an additional 206 shares in the last quarter. Finally, Hancock Whitney Corp acquired a new stake in New Oriental Education & Technology Group during the second quarter worth approximately $212,000.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. StockNews.com raised New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Morgan Stanley set a $83.00 target price on shares of New Oriental Education & Technology Group in a research report on Thursday, October 17th.

New Oriental Education & Technology Group Price Performance

Shares of NYSE EDU opened at $62.23 on Friday. The company has a 50-day moving average price of $64.77 and a 200-day moving average price of $68.91. The stock has a market capitalization of $10.56 billion, a P/E ratio of 26.59 and a beta of 0.46. New Oriental Education & Technology Group Inc. has a 1 year low of $54.00 and a 1 year high of $98.20.

New Oriental Education & Technology Group (NYSE:EDU) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.27. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.45 billion. New Oriental Education & Technology Group had a return on equity of 9.43% and a net margin of 8.38%. The company’s quarterly revenue was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.99 EPS. As a group, equities research analysts anticipate that New Oriental Education & Technology Group Inc. will post 2.94 earnings per share for the current fiscal year.

About New Oriental Education & Technology Group

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.