Alkeon Capital Management LLC Sells 214,111 Shares of New Oriental Education & Technology Group, Inc. $EDU

Key Points

• Alkeon Capital Management LLC reduced its holdings in New Oriental Education & Technology Group by 16.4% in Q1, now owning approximately 1,089,486 shares valued at $52 million.
• Recent analyst ratings for the company have been mixed, with Goldman Sachs downgrading the stock to "neutral" while JPMorgan Chase upgraded it to "overweight," reflecting a consensus rating of "Hold".
• In its latest earnings report, New Oriental Education reported an EPS of $0.61 and revenue of $1.24 billion, exceeding analysts' expectations, with a net margin of 7.59%.

Alkeon Capital Management LLC reduced its holdings in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU - Free Report) by 16.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,089,486 shares of the company's stock after selling 214,111 shares during the period. Alkeon Capital Management LLC owned 0.64% of New Oriental Education & Technology Group worth $52,088,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in EDU. Banque Cantonale Vaudoise bought a new stake in New Oriental Education & Technology Group in the 1st quarter valued at about $54,000. Brooklyn Investment Group lifted its holdings in shares of New Oriental Education & Technology Group by 3,700.0% during the first quarter. Brooklyn Investment Group now owns 1,330 shares of the company's stock valued at $64,000 after purchasing an additional 1,295 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of New Oriental Education & Technology Group in the 1st quarter worth $72,000. BNP Paribas purchased a new position in shares of New Oriental Education & Technology Group in the 4th quarter worth $113,000. Finally, Summit Securities Group LLC purchased a new position in shares of New Oriental Education & Technology Group in the first quarter worth $136,000.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Citigroup upgraded shares of New Oriental Education & Technology Group from a "neutral" rating to a "buy" rating and dropped their price objective for the company from $77.00 to $50.00 in a research note on Friday, June 27th. HSBC lowered New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a report on Wednesday, July 30th. The Goldman Sachs Group cut 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. JPMorgan Chase & Co. upgraded New Oriental Education & Technology Group from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $48.00 to $62.00 in a report on Tuesday, June 24th. Finally, Hsbc Global Res upgraded New Oriental Education & Technology Group to a "hold" rating in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, New Oriental Education & Technology Group currently has an average rating of "Hold" and a consensus price target of $51.60.

New Oriental Education & Technology Group Stock Down 0.1%

EDU stock traded down $0.07 during mid-day trading on Friday, reaching $48.71. 678,300 shares of the stock traded hands, compared to its average volume of 696,926. New Oriental Education & Technology Group, Inc. has a 52 week low of $40.66 and a 52 week high of $87.26. The business has a 50-day moving average of $48.37 and a two-hundred day moving average of $47.91. The firm has a market capitalization of $8.27 billion, a PE ratio of 21.65 and a beta of 0.24.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.37. The business had revenue of $1.24 billion for 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%.The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 earnings per share. New Oriental Education & Technology Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, 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 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.