New Oriental Education & Technology Group (NYSE:EDU) Director Yue Zhuge Sells 570 Shares of Stock

New Oriental Education & Technology Group, Inc. (NYSE:EDU) Director Yue Zhuge sold 570 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $58.99, for a total transaction of $33,624.30. Following the completion of the transaction, the director directly owned 1,600 shares of the company’s stock, valued at approximately $94,384. This trade represents a 26.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Yue Zhuge also recently made the following trade(s):

• On Monday, August 3rd, Yue Zhuge sold 1,600 shares of New Oriental Education & Technology Group stock. The stock was sold at an average price of $59.55, for a total value of $95,280.00.

New Oriental Education & Technology Group Price Performance

New Oriental Education & Technology Group stock opened at $56.25 on Wednesday. The firm has a market capitalization of $8.89 billion, a P/E ratio of 19.00, a PEG ratio of 0.63 and a beta of 0.24. New Oriental Education & Technology Group, Inc. has a one year low of $44.25 and a one year high of $64.97. The business has a fifty day moving average price of $48.31 and a 200-day moving average price of $53.10.

Institutional Investors Weigh In On New Oriental Education & Technology Group

A number of institutional investors have recently made changes to their positions in the business. AIA Group Ltd raised its position in New Oriental Education & Technology Group by 185.2% in the 1st quarter. AIA Group Ltd now owns 93,342 shares of the company’s stock worth $5,286,000 after purchasing an additional 60,611 shares during the period. Aubrey Capital Management Ltd bought a new stake in New Oriental Education & Technology Group in the first quarter worth $9,888,000. Swedbank AB boosted its position in New Oriental Education & Technology Group by 52.0% during the fourth quarter. Swedbank AB now owns 35,651 shares of the company’s stock valued at $1,962,000 after buying an additional 12,200 shares during the period. Lazard Asset Management LLC purchased a new stake in New Oriental Education & Technology Group during the first quarter valued at about $18,528,000. Finally, BRIGHT VALLEY CAPITAL Ltd bought a new position in shares of New Oriental Education & Technology Group during the fourth quarter valued at about $28,944,000.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research report on Saturday. New Street Research set a $56.50 price objective on shares of New Oriental Education & Technology Group in a research report on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of New Oriental Education & Technology Group in a report on Tuesday, July 21st. Finally, The Goldman Sachs Group upgraded shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and cut their target price for the stock from $67.00 to $65.00 in a research report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, New Oriental Education & Technology Group presently has an average rating of “Moderate Buy” and a consensus price target of $64.54.

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.