AIA Group Ltd Has $5.29 Million Stock Position in New Oriental Education & Technology Group, Inc. $EDU

AIA Group Ltd raised its holdings in New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 185.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 93,342 shares of the company’s stock after buying an additional 60,611 shares during the quarter. AIA Group Ltd’s holdings in New Oriental Education & Technology Group were worth $5,286,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cerity Partners LLC acquired a new position in shares of New Oriental Education & Technology Group during the second quarter valued at about $221,000. Sei Investments Co. grew its stake in shares of New Oriental Education & Technology Group by 46.6% in 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 during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of New Oriental Education & Technology Group in the 2nd quarter valued at about $378,000. Quantinno Capital Management LP increased its position in New Oriental Education & Technology Group by 168.2% in the 2nd 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 in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in New Oriental Education & Technology Group in the 2nd quarter valued at about $111,000.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EDU. Weiss Ratings lowered New Oriental Education & Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. The Goldman Sachs Group raised New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $67.00 to $65.00 in a research report on Thursday, June 11th. Zacks Research cut New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Finally, New Street Research set a $65.00 target price on New Oriental Education & Technology Group in a report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.24.

New Oriental Education & Technology Group Price Performance

EDU opened at $49.26 on Monday. New Oriental Education & Technology Group, Inc. has a fifty-two week low of $41.62 and a fifty-two week high of $64.97. The firm has a market capitalization of $7.78 billion, a PE ratio of 18.87, a P/E/G ratio of 0.68 and a beta of 0.19. The company’s 50-day moving average is $47.57 and its 200 day moving average is $53.45.

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