New Oriental Education & Technology Group, Inc. $EDU Shares Acquired by Swedbank AB

Swedbank AB grew its holdings in New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 52.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 35,651 shares of the company’s stock after buying an additional 12,200 shares during the period. Swedbank AB’s holdings in New Oriental Education & Technology Group were worth $1,962,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. First Beijing Investment Ltd lifted its stake in New Oriental Education & Technology Group by 31.4% during the 3rd quarter. First Beijing Investment Ltd now owns 9,346,501 shares of the company’s stock worth $496,019,000 after acquiring an additional 2,231,169 shares in the last quarter. Tiger Pacific Capital LP acquired a new position in New Oriental Education & Technology Group during the 2nd quarter worth about $38,056,000. Serenity Capital Management PTE. LTD. lifted its stake in New Oriental Education & Technology Group by 167.6% during the 3rd quarter. Serenity Capital Management PTE. LTD. now owns 656,878 shares of the company’s stock worth $34,861,000 after acquiring an additional 411,380 shares in the last quarter. Wellington Management Group LLP lifted its stake in New Oriental Education & Technology Group by 0.4% during the 3rd quarter. Wellington Management Group LLP now owns 618,307 shares of the company’s stock worth $32,814,000 after acquiring an additional 2,697 shares in the last quarter. Finally, Monolith Management Ltd lifted its stake in New Oriental Education & Technology Group by 91.3% during the 3rd quarter. Monolith Management Ltd now owns 506,046 shares of the company’s stock worth $26,856,000 after acquiring an additional 241,546 shares in the last quarter.

Wall Street Analysts Forecast Growth

EDU has been the topic of several research reports. Zacks Research lowered New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Wall Street Zen raised New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. HSBC raised New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 28th. Weiss Ratings lowered New Oriental Education & Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Finally, New Street Research set a $68.00 target price on New Oriental Education & Technology Group in a research note on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, New Oriental Education & Technology Group has an average rating of “Moderate Buy” and a consensus target price of $65.84.

New Oriental Education & Technology Group Stock Performance

EDU opened at $53.60 on Monday. New Oriental Education & Technology Group, Inc. has a one year low of $41.62 and a one year high of $64.97. The company has a market cap of $8.47 billion, a P/E ratio of 20.53, a PEG ratio of 0.91 and a beta of 0.24. The business’s 50-day simple moving average is $55.22 and its 200-day simple moving average is $56.09.

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 return on equity of 11.67% and a net margin of 7.82%.The business had revenue of $1.42 billion for the quarter. As a group, analysts predict that New Oriental Education & Technology Group, Inc. will post 3.17 earnings per share for the current fiscal 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.