Hel Ved Capital Management Ltd Has $10.94 Million Stock Holdings in New Oriental Education & Technology Group, Inc. $EDU

Key Points

• Hel Ved Capital Management Ltd trimmed its position in New Oriental by 18.3% to 206,200 shares (about $10.94M), making the stake roughly 2.3% of Hel Ved's portfolio and its 11th-largest holding.
• New Oriental beat expectations for the quarter, reporting $0.45 EPS vs. $0.34 expected and $1.19B in revenue (vs. $1.16B), with revenue up 14.7% year-over-year.
• Wall Street sentiment is broadly positive, with multiple upgrades to Buy/Strong Buy and a MarketBeat consensus rating of Buy and a $65.84 target, while the stock trades near $52.79 and has a market cap of $8.34B.

Hel Ved Capital Management Ltd trimmed its position in New Oriental Education & Technology Group, Inc. (NYSE:EDU - Free Report) by 18.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,200 shares of the company's stock after selling 46,300 shares during the period. New Oriental Education & Technology Group makes up approximately 2.3% of Hel Ved Capital Management Ltd's portfolio, making the stock its 11th biggest position. Hel Ved Capital Management Ltd owned approximately 0.12% of New Oriental Education & Technology Group worth $10,943,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Factory Mutual Insurance Co. bought a new stake in shares of New Oriental Education & Technology Group during the third quarter valued at approximately $2,505,000. OPTIMAS CAPITAL Ltd bought a new position in shares of New Oriental Education & Technology Group in the 3rd quarter worth $1,974,000. Alkeon Capital Management LLC grew its position in New Oriental Education & Technology Group by 101.3% in the 2nd quarter. Alkeon Capital Management LLC now owns 2,193,486 shares of the company's stock valued at $118,339,000 after purchasing an additional 1,104,000 shares during the period. Jump Financial LLC grew its position in New Oriental Education & Technology Group by 64.5% in the 2nd quarter. Jump Financial LLC now owns 171,108 shares of the company's stock valued at $9,231,000 after purchasing an additional 67,108 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new stake in New Oriental Education & Technology Group during the 2nd quarter valued at $621,000.

New Oriental Education & Technology Group Stock Down 1.0%

Shares of NYSE EDU opened at $52.79 on Friday. The company has a market capitalization of $8.34 billion, a PE ratio of 22.37, a PEG ratio of 0.91 and a beta of 0.28. The stock's 50 day moving average price is $57.74 and its 200-day moving average price is $54.85. New Oriental Education & Technology Group, Inc. has a twelve month low of $40.66 and a twelve month high of $64.97.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.11. New Oriental Education & Technology Group had a return on equity of 11.19% and a net margin of 7.40%.The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the business posted $0.22 earnings per share. New Oriental Education & Technology Group's revenue was up 14.7% on a year-over-year basis. As a group, research analysts expect that New Oriental Education & Technology Group, Inc. will post 2.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on EDU shares. Zacks Research upgraded shares of New Oriental Education & Technology Group from a "hold" rating to a "strong-buy" rating in a report on Monday, February 2nd. HSBC upgraded shares of New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 28th. Weiss Ratings restated a "hold (c+)" rating on shares of New Oriental Education & Technology Group in a report on Monday, December 29th. China Renaissance raised shares of New Oriental Education & Technology Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 29th. Finally, New Street Research set a $68.00 price target on New Oriental Education & Technology Group in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $65.84.

About New Oriental Education & Technology Group

New Oriental Education & Technology Group NYSE: EDU is one of China's leading providers of private educational services, specializing in language training, test preparation and consulting for overseas study. The company's offerings span a range of subjects, including English language instruction, preparatory courses for examinations such as the TOEFL, GRE and GMAT, and K-12 after-school tutoring. New Oriental's curriculum is delivered through a combination of in-person learning centers and digital platforms, enabling students across various regions to access its educational resources.

Founded in 1993 by Michael Yu Minhong in Beijing, New Oriental began as a small language school and quickly expanded its footprint.

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