Hsbc Holdings PLC Reduces Position in New Oriental Education & Technology Group, Inc. $EDU

Key Points

• Hsbc Holdings PLC significantly reduced its stake in New Oriental Education & Technology Group by 71.7%, now owning approximately 0.09% of the company valued at $7.1 million.
• New Oriental Education reported a 9.4% year-over-year increase in revenue, with quarterly earnings surpassing analysts' estimates at $0.61 EPS compared to the consensus of $0.24.
• Analysts have mixed views on New Oriental Education, with HSBC downgrading it to "hold," while JPMorgan upgraded its rating to "overweight" with a raised price target from $48 to $62.

Hsbc Holdings PLC cut its holdings in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU - Free Report) by 71.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 148,785 shares of the company's stock after selling 376,316 shares during the quarter. Hsbc Holdings PLC owned approximately 0.09% of New Oriental Education & Technology Group worth $7,116,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Quantinno Capital Management LP raised its holdings in New Oriental Education & Technology Group by 25.7% during the fourth quarter. Quantinno Capital Management LP now owns 4,031 shares of the company's stock valued at $259,000 after acquiring an additional 824 shares during the period. Banque Cantonale Vaudoise bought a new stake in shares of New Oriental Education & Technology Group in the first quarter worth about $54,000. Brooklyn Investment Group increased its holdings in shares of New Oriental Education & Technology Group by 3,700.0% in the first quarter. Brooklyn Investment Group now owns 1,330 shares of the company's stock worth $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 first quarter worth about $72,000. Finally, BNP Paribas bought a new stake in shares of New Oriental Education & Technology Group in the fourth quarter worth about $113,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EDU. Wall Street Zen raised New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a report on Monday, May 5th. The Goldman Sachs Group cut New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $58.00 to $50.00 in a report on Wednesday, August 6th. Citigroup raised New Oriental Education & Technology Group from a "neutral" rating to a "buy" rating and reduced their target price for the stock from $77.00 to $50.00 in a report on Friday, June 27th. Hsbc Global Res raised New Oriental Education & Technology Group to a "hold" rating in a report on Wednesday, July 30th. Finally, HSBC cut New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $51.60.

New Oriental Education & Technology Group Trading Up 1.8%

NYSE EDU traded up $0.84 during trading hours on Friday, hitting $47.99. 1,078,516 shares of the company were exchanged, compared to its average volume of 907,466. The stock has a 50-day moving average price of $48.85 and a 200 day moving average price of $48.11. New Oriental Education & Technology Group, Inc. has a 52 week low of $40.66 and a 52 week high of $87.26.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.37. New Oriental Education & Technology Group had a return on equity of 11.32% and a net margin of 7.59%.The company had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.19 billion. During the same period in the previous year, the firm posted $0.22 earnings per share. The firm'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. As a group, research analysts expect that New Oriental Education & Technology Group, Inc. will post 2.75 EPS for the current year.

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.