Greenwoods Asset Management Hong Kong Ltd. Buys 167,721 Shares of New Oriental Education & Technology Group, Inc. $EDU

Key Points

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Greenwoods Asset Management Hong Kong Ltd. raised its position in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU - Free Report) by 13.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,396,039 shares of the company's stock after purchasing an additional 167,721 shares during the quarter. New Oriental Education & Technology Group accounts for about 2.1% of Greenwoods Asset Management Hong Kong Ltd.'s investment portfolio, making the stock its 12th biggest holding. Greenwoods Asset Management Hong Kong Ltd. owned 0.82% of New Oriental Education & Technology Group worth $66,745,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Invesco Ltd. grew 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 worth $10,030,000 after acquiring an additional 76,397 shares during the period. Raymond James Financial Inc. bought a new stake in shares of New Oriental Education & Technology Group in the fourth quarter worth approximately $266,000. Barclays PLC grew 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 worth $6,142,000 after acquiring an additional 94,595 shares during the period. Marshall Wace LLP grew 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 worth $11,213,000 after acquiring an additional 21,815 shares during the period. Finally, GeoWealth Management LLC grew 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 worth $28,000 after acquiring an additional 318 shares during the period.

New Oriental Education & Technology Group Price Performance

NYSE:EDU traded up $0.2210 during trading hours on Friday, hitting $47.5310. 860,633 shares of the stock traded hands, compared to its average volume of 1,483,711. 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 50 day moving average price of $48.84 and a 200 day moving average price of $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 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.37. New Oriental Education & Technology Group had a net margin of 7.59% and a return on equity of 11.32%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the firm earned $0.22 earnings per share. The company's revenue for the quarter was up 9.4% on a year-over-year basis. New Oriental Education & Technology Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Research analysts expect that New Oriental Education & Technology Group, Inc. will post 2.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EDU. Wall Street Zen raised shares of New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a report 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 dropped their price objective for the stock from $58.00 to $50.00 in a report on Wednesday, August 6th. Citigroup raised shares of 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 report on Friday, June 27th. Hsbc Global Res raised shares of New Oriental Education & Technology Group to a "hold" rating in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. raised shares of 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. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $51.60.

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.