Collaborative Fund Advisors LLC Purchases New Position in New Oriental Education & Technology Group, Inc. $EDU

Collaborative Fund Advisors LLC purchased a new stake in New Oriental Education & Technology Group, Inc. (NYSE:EDU) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 19,539 shares of the company’s stock, valued at approximately $1,106,000.

Several other hedge funds have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its holdings in shares of New Oriental Education & Technology Group by 10.6% during the fourth 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 period. Vident Advisory LLC increased its position in shares of New Oriental Education & Technology Group by 8.2% during the 4th quarter. Vident Advisory LLC now owns 5,939 shares of the company’s stock worth $327,000 after purchasing an additional 449 shares in the last quarter. Ieq Capital LLC lifted its holdings in New Oriental Education & Technology Group by 11.5% during the 4th quarter. Ieq Capital LLC now owns 4,760 shares of the company’s stock valued at $262,000 after purchasing an additional 492 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted 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 purchasing an additional 512 shares during the last quarter. Finally, Profund Advisors LLC boosted its position in New Oriental Education & Technology Group by 3.9% in the fourth quarter. Profund Advisors LLC now owns 19,945 shares of the company’s stock valued at $1,098,000 after buying an additional 750 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EDU. Zacks Research lowered shares of New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. New Street Research set a $65.00 target price on New Oriental Education & Technology Group in a report on Thursday, June 11th. The Goldman Sachs Group upgraded New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $67.00 to $65.00 in a research report on Thursday, June 11th. Finally, 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 investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.24.

New Oriental Education & Technology Group Trading Down 0.1%

Shares of NYSE EDU opened at $46.96 on Monday. New Oriental Education & Technology Group, Inc. has a 1-year low of $41.62 and a 1-year high of $64.97. The company has a market cap of $7.42 billion, a PE ratio of 17.99, a P/E/G ratio of 0.65 and a beta of 0.19. The company has a 50-day moving average of $48.52 and a two-hundred day moving average of $53.92.

New Oriental Education & Technology Group (NYSE:EDU) last released its quarterly earnings results on Tuesday, April 14th. The company reported $0.10 EPS for the quarter. The business had revenue of $1.42 billion for the quarter. New Oriental Education & Technology Group had a net margin of 7.82% and a return on equity of 11.67%. As a group, equities research analysts forecast that New Oriental Education & Technology Group, Inc. will post 3.14 earnings per share for the current year.

New Oriental Education & Technology Group Company Profile

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.