Triata Capital Ltd Buys New Shares in New Oriental Education & Technology Group, Inc. $EDU

Key Points

• Triata Capital Ltd acquired a new position in New Oriental Education & Technology Group by purchasing 293,774 shares valued at approximately $14 million, making it the 6th largest holding in their portfolio.
• Analysts have mixed opinions on the stock, with JPMorgan raising its rating to "overweight" and a price target increase from $48.00 to $62.00, while others have lowered their ratings and price objectives.
• New Oriental's recent earnings report showed a significant EPS of $0.61, surpassing estimates, with a revenue growth of 9.4% year-over-year, indicating strong company performance.

Triata Capital Ltd acquired a new stake in New Oriental Education & Technology Group, Inc. (NYSE:EDU - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 293,774 shares of the company's stock, valued at approximately $14,045,000. New Oriental Education & Technology Group makes up 3.2% of Triata Capital Ltd's portfolio, making the stock its 6th biggest holding. Triata Capital Ltd owned 0.17% of New Oriental Education & Technology Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Aspex Management HK Ltd increased its stake in New Oriental Education & Technology Group by 56.8% in the fourth quarter. Aspex Management HK Ltd now owns 7,454,906 shares of the company's stock valued at $478,456,000 after purchasing an additional 2,701,566 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of New Oriental Education & Technology Group by 61.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,894,541 shares of the company's stock worth $249,952,000 after purchasing an additional 1,480,391 shares in the last quarter. Discerene Group LP bought a new position in shares of New Oriental Education & Technology Group during the 1st quarter worth about $75,564,000. BRIGHT VALLEY CAPITAL Ltd acquired a new stake in shares of New Oriental Education & Technology Group in the 1st quarter valued at about $50,583,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of New Oriental Education & Technology Group by 3,276.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,056,414 shares of the company's stock valued at $50,507,000 after buying an additional 1,025,130 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EDU. Citigroup upgraded New Oriental Education & Technology Group from a "neutral" rating to a "buy" rating and reduced their target price for the company from $77.00 to $50.00 in a research note on Friday, June 27th. JPMorgan Chase & Co. upgraded shares of New Oriental Education & Technology Group from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $48.00 to $62.00 in a report on Tuesday, June 24th. The Goldman Sachs Group lowered shares of New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $58.00 to $50.00 in a research note on Wednesday, August 6th. Wall Street Zen raised shares of New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. Finally, HSBC lowered shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $51.60.

New Oriental Education & Technology Group Stock Up 0.6%

New Oriental Education & Technology Group stock traded up $0.2620 during trading on Thursday, hitting $47.2020. The stock had a trading volume of 436,756 shares, compared to its average volume of 1,516,003. The stock's 50 day moving average is $48.82 and its two-hundred day moving average is $48.24. New Oriental Education & Technology Group, Inc. has a 1 year low of $40.66 and a 1 year high of $87.26. The stock has a market cap of $7.97 billion, a price-to-earnings ratio of 20.98 and a beta of 0.25.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.37. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.19 billion. New Oriental Education & Technology Group had a return on equity of 11.32% and a net margin of 7.59%.New Oriental Education & Technology Group's revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 earnings per share. New Oriental Education & Technology Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, equities research analysts anticipate that New Oriental Education & Technology Group, Inc. will post 2.75 EPS for the current fiscal year.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group, Inc is a holding company, which engages in the provision of private educational services. It operates through the following segments: Educational Services and Test Preparation Courses, Private Label Products and Livestreaming E-Commerce, Overseas Study Consulting Services, and Educational Materials and Distribution.