Discerene Group LP Makes New Investment in New Oriental Education & Technology Group, Inc. $EDU

Key Points

• Discerene Group LP has invested approximately $75.6 million in New Oriental Education & Technology Group, acquiring about 1.58 million shares, which represents 7.5% of its portfolio and makes it the firm's third-largest position.
• New Oriental Education reported $0.61 earnings per share (EPS) for the last quarter, exceeding estimates of $0.24, with revenues of $1.24 billion also surpassing forecasts.
• Analysts have mixed views on the stock, with recent ratings adjustments including a downgrade by Goldman Sachs to a neutral rating and a target price reduction from $58 to $50.

Discerene Group LP acquired a new position in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,580,514 shares of the company's stock, valued at approximately $75,564,000. New Oriental Education & Technology Group accounts for about 7.5% of Discerene Group LP's holdings, making the stock its 3rd biggest position. Discerene Group LP owned 0.93% of New Oriental Education & Technology Group at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Invesco Ltd. boosted its stake in shares of New Oriental Education & Technology Group by 95.6% in the fourth quarter. Invesco Ltd. now owns 156,284 shares of the company's stock valued at $10,030,000 after purchasing an additional 76,397 shares during the period. Raymond James Financial Inc. purchased a new position in shares of New Oriental Education & Technology Group in the fourth quarter valued at $266,000. Barclays PLC boosted its stake in shares of New Oriental Education & Technology Group by 8,438.4% in the fourth quarter. Barclays PLC now owns 95,716 shares of the company's stock valued at $6,142,000 after purchasing an additional 94,595 shares during the period. Marshall Wace LLP boosted its stake in shares of New Oriental Education & Technology Group by 14.3% in the fourth quarter. Marshall Wace LLP now owns 174,717 shares of the company's stock valued at $11,213,000 after purchasing an additional 21,815 shares during the period. Finally, GeoWealth Management LLC boosted its stake in shares of New Oriental Education & Technology Group by 258.5% in the fourth quarter. GeoWealth Management LLC now owns 441 shares of the company's stock valued at $28,000 after purchasing an additional 318 shares during the period.

Analyst Ratings Changes

EDU has been the subject of several analyst reports. 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. Hsbc Global Res upgraded shares of New Oriental Education & Technology Group to a "hold" rating in a research note on Wednesday, July 30th. Wall Street Zen upgraded shares of New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. The Goldman Sachs Group downgraded shares of New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and decreased their target price for the company from $58.00 to $50.00 in a research note on Wednesday, August 6th. Finally, JPMorgan Chase & Co. upgraded shares of New Oriental Education & Technology Group from a "neutral" rating to an "overweight" rating and upped their target price for the company from $48.00 to $62.00 in a research note on Tuesday, June 24th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $51.60.

New Oriental Education & Technology Group Price Performance

EDU traded up $0.2210 during trading on Friday, hitting $47.5310. The company had a trading volume of 860,633 shares, compared to its average volume of 1,483,711. The company has a market cap of $8.07 billion, a PE ratio of 21.12 and a beta of 0.25. The business has a 50-day moving average of $48.84 and a 200-day moving average of $48.22. New Oriental Education & Technology Group, Inc. has a 1-year low of $40.66 and a 1-year high of $87.26.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last posted 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 firm had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.19 billion. New Oriental Education & Technology Group had a net margin of 7.59% and a return on equity of 11.32%. The firm's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 earnings per share. New Oriental Education & Technology Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Research analysts forecast that New Oriental Education & Technology Group, Inc. will post 2.75 earnings per share for the current 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.