New Oriental Education & Technology Group, Inc. $EDU Stake Trimmed by Aspex Management HK Ltd

Aspex Management HK Ltd lessened its position in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 14.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,024,985 shares of the company’s stock after selling 854,378 shares during the period. New Oriental Education & Technology Group comprises 5.6% of Aspex Management HK Ltd’s investment portfolio, making the stock its 8th biggest holding. Aspex Management HK Ltd’s holdings in New Oriental Education & Technology Group were worth $276,525,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EDU. First Beijing Investment Ltd boosted its holdings in shares of New Oriental Education & Technology Group by 31.4% in the 3rd quarter. First Beijing Investment Ltd now owns 9,346,501 shares of the company’s stock valued at $496,019,000 after buying an additional 2,231,169 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of New Oriental Education & Technology Group by 13,865.2% in the 4th quarter. Federated Hermes Inc. now owns 742,249 shares of the company’s stock valued at $40,846,000 after buying an additional 736,934 shares in the last quarter. Tiger Pacific Capital LP acquired a new position in shares of New Oriental Education & Technology Group in the 2nd quarter valued at $38,056,000. Serenity Capital Management PTE. LTD. boosted its holdings in shares of New Oriental Education & Technology Group by 167.6% in the 3rd quarter. Serenity Capital Management PTE. LTD. now owns 656,878 shares of the company’s stock valued at $34,861,000 after buying an additional 411,380 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of New Oriental Education & Technology Group by 0.4% in the 3rd quarter. Wellington Management Group LLP now owns 618,307 shares of the company’s stock valued at $32,814,000 after buying an additional 2,697 shares in the last quarter.

New Oriental Education & Technology Group Stock Up 3.5%

EDU opened at $46.77 on Friday. The firm has a market capitalization of $7.39 billion, a P/E ratio of 17.92, a P/E/G ratio of 0.63 and a beta of 0.17. The firm’s 50 day moving average is $51.78 and its 200-day moving average is $54.57. New Oriental Education & Technology Group, Inc. has a 52-week low of $41.62 and a 52-week high of $64.97.

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

Wall Street Analyst Weigh In

EDU has been the subject of several research reports. The Goldman Sachs Group upgraded shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and reduced their price target for the company from $67.00 to $65.00 in a research report on Thursday. Weiss Ratings downgraded shares of New Oriental Education & Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. New Street Research set a $65.00 price target on shares of New Oriental Education & Technology Group in a research report on Thursday. Finally, Zacks Research downgraded shares of New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, New Oriental Education & Technology Group has a consensus rating of “Moderate Buy” and a consensus target price of $66.24.

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.