New Oriental Education & Technology Group, Inc. $EDU Shares Purchased by Carmignac Gestion

Key Points

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Carmignac Gestion increased its stake in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU - Free Report) by 920.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 300,250 shares of the company's stock after purchasing an additional 270,820 shares during the quarter. Carmignac Gestion owned 0.18% of New Oriental Education & Technology Group worth $14,351,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GeoWealth Management LLC lifted its holdings in shares of New Oriental Education & Technology Group by 258.5% in the 4th quarter. GeoWealth Management LLC now owns 441 shares of the company's stock valued at $28,000 after buying an additional 318 shares during the period. Banque Cantonale Vaudoise acquired a new position in shares of New Oriental Education & Technology Group during the 1st quarter worth $54,000. Natixis lifted its holdings in shares of New Oriental Education & Technology Group by 39.2% in the fourth quarter. Natixis now owns 881 shares of the company's stock valued at $57,000 after purchasing an additional 248 shares in the last quarter. Brooklyn Investment Group increased its stake in shares of New Oriental Education & Technology Group by 3,700.0% during the 1st quarter. Brooklyn Investment Group now owns 1,330 shares of the company's stock worth $64,000 after purchasing an additional 1,295 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in New Oriental Education & Technology Group during the 1st quarter valued at $72,000.

New Oriental Education & Technology Group Stock Up 0.5%

Shares of NYSE EDU traded up $0.2210 during midday trading on Friday, reaching $47.5310. 860,633 shares of the company's stock were exchanged, compared to its average volume of 1,483,711. New Oriental Education & Technology Group, Inc. has a 52-week low of $40.66 and a 52-week high of $87.26. The business's fifty day moving average price is $48.84 and its two-hundred day moving average price is $48.23.

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 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.37. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $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 analysts anticipate that New Oriental Education & Technology Group, Inc. will post 2.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

EDU has been the subject of a number of recent research reports. Citigroup upgraded New Oriental Education & Technology Group from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $77.00 to $50.00 in a research report on Friday, June 27th. Hsbc Global Res raised shares of New Oriental Education & Technology Group to a "hold" rating in a research note on Wednesday, July 30th. The Goldman Sachs Group lowered shares of New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $58.00 to $50.00 in a report on Wednesday, August 6th. Wall Street Zen upgraded shares of New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a report on Monday, May 5th. Finally, HSBC downgraded shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, New Oriental Education & Technology Group presently has a consensus rating of "Hold" and an average target price of $51.60.

About New Oriental Education & Technology Group

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.