BNP Paribas Financial Markets Grows Stock Position in New Oriental Education & Technology Group, Inc. $EDU

BNP Paribas Financial Markets boosted its stake in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 152.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 218,001 shares of the company’s stock after buying an additional 131,737 shares during the period. BNP Paribas Financial Markets’ holdings in New Oriental Education & Technology Group were worth $11,997,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of EDU. Caitong International Asset Management Co. Ltd raised its holdings in New Oriental Education & Technology Group by 7,314.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 519 shares of the company’s stock valued at $28,000 after buying an additional 512 shares during the period. Raymond James Financial Inc. bought a new position in New Oriental Education & Technology Group in the 2nd quarter valued at $111,000. Leonteq Securities AG bought a new position in New Oriental Education & Technology Group in the 4th quarter valued at $155,000. Hantz Financial Services Inc. grew its position in New Oriental Education & Technology Group by 275.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,395 shares of the company’s stock valued at $180,000 after acquiring an additional 2,490 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in New Oriental Education & Technology Group by 10.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,372 shares of the company’s stock valued at $186,000 after acquiring an additional 324 shares during the last quarter.

Analyst Ratings Changes

Several brokerages have commented on EDU. Zacks Research downgraded New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Weiss Ratings downgraded New Oriental Education & Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.84.

New Oriental Education & Technology Group Trading Up 0.2%

EDU opened at $45.85 on Monday. New Oriental Education & Technology Group, Inc. has a 12-month low of $41.62 and a 12-month high of $64.97. The business’s fifty day simple moving average is $52.78 and its 200-day simple moving average is $54.83. The company has a market capitalization of $7.25 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 0.64 and a beta of 0.17.

New Oriental Education & Technology Group (NYSE:EDU) last posted its quarterly earnings results on Tuesday, April 14th. The company reported $0.10 earnings per share (EPS) for the quarter. New Oriental Education & Technology Group had a return on equity of 11.67% and a net margin of 7.82%.The business had revenue of $1.42 billion for the quarter. On average, equities research analysts predict that New Oriental Education & Technology Group, Inc. will post 3.19 EPS for the current year.

About New Oriental Education & Technology Group

New Oriental Education & Technology Group (NYSE: EDU) is one of China’s leading providers of private educational services, specializing in language training, test preparation and consulting for overseas study. The company’s offerings span a range of subjects, including English language instruction, preparatory courses for examinations such as the TOEFL, GRE and GMAT, and K-12 after-school tutoring. New Oriental’s curriculum is delivered through a combination of in-person learning centers and digital platforms, enabling students across various regions to access its educational resources.

Founded in 1993 by Michael Yu Minhong in Beijing, New Oriental began as a small language school and quickly expanded its footprint.