Lazard Asset Management LLC Reduces Stock Holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Lazard Asset Management LLC trimmed its position in New Oriental Education & Technology Group Inc. (NYSE:EDU) by 12.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 111,665 shares of the company’s stock after selling 15,163 shares during the period. Lazard Asset Management LLC owned about 0.07% of New Oriental Education & Technology Group worth $9,694,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Natixis grew its holdings in New Oriental Education & Technology Group by 82.8% during the 1st quarter. Natixis now owns 5,484 shares of the company’s stock valued at $476,000 after buying an additional 2,484 shares in the last quarter. Thornburg Investment Management Inc. purchased a new position in New Oriental Education & Technology Group during the 1st quarter valued at approximately $15,418,000. Clearbridge Investments LLC grew its holdings in New Oriental Education & Technology Group by 10.5% during the 1st quarter. Clearbridge Investments LLC now owns 71,747 shares of the company’s stock valued at $6,229,000 after buying an additional 6,814 shares in the last quarter. Seven Eight Capital LP grew its holdings in New Oriental Education & Technology Group by 105.2% during the 1st quarter. Seven Eight Capital LP now owns 53,906 shares of the company’s stock valued at $4,680,000 after buying an additional 27,633 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its holdings in New Oriental Education & Technology Group by 16.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 27,912 shares of the company’s stock valued at $2,423,000 after buying an additional 3,944 shares in the last quarter.

New Oriental Education & Technology Group Price Performance

Shares of New Oriental Education & Technology Group stock traded up $3.07 on Friday, reaching $73.40. The company had a trading volume of 2,563,096 shares, compared to its average volume of 1,361,001. The firm’s 50-day moving average price is $77.17 and its two-hundred day moving average price is $82.53. New Oriental Education & Technology Group Inc. has a 1 year low of $49.94 and a 1 year high of $98.20. The firm has a market cap of $12.46 billion, a price-to-earnings ratio of 39.46 and a beta of 0.44.

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. As a group, analysts anticipate that New Oriental Education & Technology Group Inc. will post 1.86 EPS for the current year.

Wall Street Analyst Weigh In

EDU has been the subject of several research analyst reports. Citigroup raised their price target on New Oriental Education & Technology Group from $66.00 to $127.00 and gave the company a “buy” rating in a report on Thursday, April 25th. HSBC began 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 research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, New Oriental Education & Technology Group presently has a consensus rating of “Moderate Buy” and an average price target of $110.67.

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.