BRIGHT VALLEY CAPITAL Ltd Makes New Investment in New Oriental Education & Technology Group, Inc. $EDU

BRIGHT VALLEY CAPITAL Ltd purchased a new stake in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 525,961 shares of the company’s stock, valued at approximately $28,944,000. New Oriental Education & Technology Group accounts for about 10.8% of BRIGHT VALLEY CAPITAL Ltd’s portfolio, making the stock its 2nd biggest position. BRIGHT VALLEY CAPITAL Ltd owned approximately 0.33% of New Oriental Education & Technology Group as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Cerity Partners LLC bought a new stake in New Oriental Education & Technology Group during the 2nd quarter valued at approximately $221,000. Sei Investments Co. grew its holdings in New Oriental Education & Technology Group by 46.6% during the 2nd quarter. Sei Investments Co. now owns 5,122 shares of the company’s stock valued at $276,000 after buying an additional 1,629 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in New Oriental Education & Technology Group during the 2nd quarter valued at approximately $378,000. Quantinno Capital Management LP raised its position in shares of New Oriental Education & Technology Group by 168.2% during the second quarter. Quantinno Capital Management LP now owns 13,215 shares of the company’s stock valued at $713,000 after buying an additional 8,287 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of New Oriental Education & Technology Group during the second quarter valued at approximately $111,000.

Analyst Ratings Changes

Several equities analysts recently weighed in on EDU shares. New Street Research set a $65.00 target price on shares of New Oriental Education & Technology Group in a research note on Thursday. Weiss Ratings cut shares of New Oriental Education & Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. The Goldman Sachs Group raised shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating in a report on Thursday. Finally, Zacks Research lowered New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.24.

New Oriental Education & Technology Group Stock Down 1.8%

Shares of NYSE:EDU opened at $45.30 on Friday. The firm has a fifty day simple moving average of $51.98 and a two-hundred day simple moving average of $54.63. New Oriental Education & Technology Group, Inc. has a 52 week low of $41.62 and a 52 week high of $64.97. The stock has a market capitalization of $7.16 billion, a P/E ratio of 17.36, a PEG ratio of 0.64 and a beta of 0.17.

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