New Oriental Education & Technology Group (NYSE:EDU) Director Chenggang Zhou Sells 13,052 Shares

New Oriental Education & Technology Group, Inc. (NYSE:EDU) Director Chenggang Zhou sold 13,052 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $56.32, for a total transaction of $735,088.64. Following the transaction, the director owned 486,946 shares in the company, valued at approximately $27,424,798.72. The trade was a 2.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Chenggang Zhou also recently made the following trade(s):

• On Monday, August 10th, Chenggang Zhou sold 56,948 shares of New Oriental Education & Technology Group stock. The shares were sold at an average price of $56.83, for a total transaction of $3,236,354.84.

New Oriental Education & Technology Group Stock Performance

Shares of EDU stock opened at $58.13 on Tuesday. New Oriental Education & Technology Group, Inc. has a one year low of $44.25 and a one year high of $64.97. The company has a 50 day moving average price of $49.15 and a 200 day moving average price of $53.15. The firm has a market capitalization of $9.19 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 0.60 and a beta of 0.24.

Analyst Upgrades and Downgrades

EDU has been the subject of a number of research reports. Wall Street Zen cut shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. New Street Research set a $56.50 price objective on New Oriental Education & Technology Group in a research report on Thursday, July 30th. Weiss Ratings restated a “hold (c)” rating on shares of New Oriental Education & Technology Group in a research note on Tuesday, July 21st. Finally, The Goldman Sachs Group raised New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $67.00 to $65.00 in a research report on Thursday, June 11th. One research 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 company. Based on data from MarketBeat.com, New Oriental Education & Technology Group presently has an average rating of “Moderate Buy” and an average target price of $64.54.

Institutional Investors Weigh In On New Oriental Education & Technology Group

A number of hedge funds have recently bought and sold shares of EDU. Cerity Partners LLC acquired a new position in shares of New Oriental Education & Technology Group in the 2nd quarter valued at approximately $221,000. Sei Investments Co. grew its position in shares of New Oriental Education & Technology Group by 46.6% during the second quarter. Sei Investments Co. now owns 5,122 shares of the company’s stock worth $276,000 after buying an additional 1,629 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of New Oriental Education & Technology Group during the second quarter worth approximately $378,000. Quantinno Capital Management LP increased its stake in shares of New Oriental Education & Technology Group by 168.2% in the second quarter. Quantinno Capital Management LP now owns 13,215 shares of the company’s stock worth $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 in the second quarter worth $111,000.

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.