Aubrey Capital Management Ltd Takes $9.89 Million Position in New Oriental Education & Technology Group, Inc. $EDU

Aubrey Capital Management Ltd purchased a new stake in New Oriental Education & Technology Group, Inc. (NYSE:EDU) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 174,600 shares of the company’s stock, valued at approximately $9,888,000. New Oriental Education & Technology Group makes up approximately 5.3% of Aubrey Capital Management Ltd’s portfolio, making the stock its 6th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its holdings in New Oriental Education & Technology Group by 7,314.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 519 shares of the company’s stock valued at $28,000 after acquiring an additional 512 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new stake in shares of New Oriental Education & Technology Group during the 4th quarter worth $72,000. Raymond James Financial Inc. acquired a new stake in shares of New Oriental Education & Technology Group during the 2nd quarter worth $111,000. Leonteq Securities AG bought a new position in shares of New Oriental Education & Technology Group in the fourth quarter worth $155,000. Finally, PNC Financial Services Group Inc. increased its position in shares of New Oriental Education & Technology Group by 10.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,372 shares of the company’s stock worth $186,000 after purchasing an additional 324 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on EDU shares. New Street Research set a $65.00 price target on New Oriental Education & Technology Group in a research note on Thursday, June 11th. The Goldman Sachs Group upgraded shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $67.00 to $65.00 in a research note on Thursday, June 11th. Zacks Research lowered shares of New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Finally, Weiss Ratings cut 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. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $66.24.

New Oriental Education & Technology Group Trading Up 2.1%

EDU stock opened at $49.70 on Wednesday. New Oriental Education & Technology Group, Inc. has a 12 month low of $41.62 and a 12 month high of $64.97. The stock has a market capitalization of $7.85 billion, a P/E ratio of 19.04, a price-to-earnings-growth ratio of 0.68 and a beta of 0.19. The firm has a 50-day moving average price of $47.93 and a 200-day moving average price of $53.58.

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