Price T Rowe Associates Inc. MD Has $70.99 Million Holdings in New Oriental Education & Technology Group, Inc. $EDU

Key Points

• Price T Rowe Associates Inc. significantly reduced its stake in New Oriental Education & Technology Group by 61.9%, now owning approximately 1.48 million shares.
• Despite some investors selling shares, Carmignac Gestion increased its stake by 920.2%, highlighting a mixed investor sentiment around the company.
• Analysts have varied opinions on the stock, with JPMorgan Chase upgrading the rating to "overweight" while Goldman Sachs downgraded it to "neutral," resulting in a current average rating of "Hold."

Price T Rowe Associates Inc. MD decreased its position in New Oriental Education & Technology Group, Inc. (NYSE:EDU - Free Report) by 61.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,484,786 shares of the company's stock after selling 2,409,755 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.87% of New Oriental Education & Technology Group worth $70,989,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in EDU. Aspex Management HK Ltd lifted its stake in New Oriental Education & Technology Group by 56.8% during the fourth quarter. Aspex Management HK Ltd now owns 7,454,906 shares of the company's stock worth $478,456,000 after purchasing an additional 2,701,566 shares during the last quarter. Discerene Group LP bought a new stake in New Oriental Education & Technology Group in the first quarter valued at $75,564,000. Greenwoods Asset Management Hong Kong Ltd. lifted its stake in New Oriental Education & Technology Group by 13.7% in the first quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 1,396,039 shares of the company's stock valued at $66,745,000 after buying an additional 167,721 shares during the last quarter. BRIGHT VALLEY CAPITAL Ltd bought a new stake in New Oriental Education & Technology Group in the first quarter valued at $50,583,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in New Oriental Education & Technology Group by 3,276.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,056,414 shares of the company's stock valued at $50,507,000 after buying an additional 1,025,130 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EDU. Wall Street Zen upgraded New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. raised New Oriental Education & Technology Group from a "neutral" rating to an "overweight" rating and raised their price target for the company from $48.00 to $62.00 in a report on Tuesday, June 24th. Citigroup raised New Oriental Education & Technology Group from a "neutral" rating to a "buy" rating and lowered their price target for the company 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, The Goldman Sachs Group lowered New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and lowered their price target for the company from $58.00 to $50.00 in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, New Oriental Education & Technology Group presently has a consensus rating of "Hold" and a consensus price target of $51.60.

New Oriental Education & Technology Group Price Performance

NYSE:EDU traded up $0.84 during mid-day trading on Friday, reaching $47.99. 1,078,516 shares of the stock were exchanged, compared to its average volume of 907,466. The business has a fifty 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 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 released its earnings results on Wednesday, July 30th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.37. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates 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 was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company earned $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, sell-side analysts predict that New Oriental Education & Technology Group, Inc. will post 2.75 earnings per share for the current fiscal 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.