Edmond DE Rothschild Holding S.A. Raises Stock Holdings in New Oriental Education & Technology Group, Inc. $EDU

Edmond DE Rothschild Holding S.A. boosted its stake in New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 21.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,113 shares of the company’s stock after purchasing an additional 14,747 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in New Oriental Education & Technology Group were worth $4,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Bessemer Group Inc. bought a new position in shares of New Oriental Education & Technology Group in the 2nd quarter worth $37,000. Hantz Financial Services Inc. grew its position in New Oriental Education & Technology Group by 738.0% in the second quarter. Hantz Financial Services Inc. now owns 905 shares of the company’s stock worth $49,000 after acquiring an additional 797 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in New Oriental Education & Technology Group in the first quarter valued at $54,000. Brooklyn Investment Group increased its stake in New Oriental Education & Technology Group by 3,700.0% in the first quarter. Brooklyn Investment Group now owns 1,330 shares of the company’s stock valued at $64,000 after acquiring an additional 1,295 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in New Oriental Education & Technology Group during the first quarter valued at about $72,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on EDU shares. Citigroup reduced their price objective on New Oriental Education & Technology Group from $77.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, September 9th. Hsbc Global Res raised New Oriental Education & Technology Group to a “hold” rating in a research note on Wednesday, July 30th. The Goldman Sachs Group reissued a “neutral” rating and set a $60.00 price target on shares of New Oriental Education & Technology Group in a research note on Wednesday, October 29th. Weiss Ratings restated a “hold (c+)” rating on shares of New Oriental Education & Technology Group in a report on Wednesday, November 19th. Finally, JPMorgan Chase & Co. increased their target price on shares of New Oriental Education & Technology Group from $60.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $59.53.

New Oriental Education & Technology Group Price Performance

Shares of New Oriental Education & Technology Group stock opened at $50.59 on Wednesday. New Oriental Education & Technology Group, Inc. has a one year low of $40.66 and a one year high of $68.53. The business’s 50 day simple moving average is $54.69 and its two-hundred day simple moving average is $50.84. The stock has a market capitalization of $8.67 billion, a P/E ratio of 22.29, a price-to-earnings-growth ratio of 1.27 and a beta of 0.30.

New Oriental Education & Technology Group Dividend Announcement

The company also recently declared a special dividend, which will be paid on Friday, December 5th. Investors of record on Tuesday, November 18th will be issued a dividend of $0.60 per share. The ex-dividend date is Tuesday, November 18th. New Oriental Education & Technology Group’s dividend payout ratio is currently 25.55%.

New Oriental Education & Technology Group Profile

New Oriental Education & Technology Group, Inc is a holding company, which engages in the provision of private educational services. It operates through the following segments: Educational Services and Test Preparation Courses, Private Label Products and Livestreaming E-Commerce, Overseas Study Consulting Services, and Educational Materials and Distribution.