Caisse DE Depot ET Placement DU Quebec Purchases 136,300 Shares of New Oriental Education & Technology Group, Inc. $EDU

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its holdings in New Oriental Education & Technology Group by 100%, acquiring an additional 136,300 shares in Q1 and holding approximately 0.16% of the company worth $13,035,000.
• Other institutional investors, such as Aspex Management and Mirae Asset Global Investments, significantly boosted their positions in EDU, reflecting a trend of increased institutional interest in the company.
• New Oriental Education & Technology Group reported earnings of $0.61 EPS for the last quarter, surpassing analyst expectations, and has set optimistic guidance for future earnings.

Caisse DE Depot ET Placement DU Quebec increased its stake in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU - Free Report) by 100.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 272,651 shares of the company's stock after buying an additional 136,300 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.16% of New Oriental Education & Technology Group worth $13,035,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Jump Financial LLC bought a new position in shares of New Oriental Education & Technology Group in the first quarter valued at approximately $4,972,000. Carmignac Gestion lifted its holdings in shares of New Oriental Education & Technology Group by 920.2% in the 1st quarter. Carmignac Gestion now owns 300,250 shares of the company's stock worth $14,351,000 after acquiring an additional 270,820 shares during the last quarter. Greenwoods Asset Management Hong Kong Ltd. increased its stake in shares of 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 worth $66,745,000 after buying an additional 167,721 shares during the period. Quantbot Technologies LP purchased a new position in shares of New Oriental Education & Technology Group in the first quarter worth $1,256,000. Finally, Wellington Management Group LLP increased its stake in shares of New Oriental Education & Technology Group by 15.8% in the first quarter. Wellington Management Group LLP now owns 727,016 shares of the company's stock worth $34,759,000 after buying an additional 99,330 shares during the period.

Wall Street Analyst Weigh In

Several research analysts recently commented on EDU shares. Wall Street Zen raised shares of 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 shares of New Oriental Education & Technology Group from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $48.00 to $62.00 in a research report on Tuesday, June 24th. Citigroup raised shares of New Oriental Education & Technology Group from a "neutral" rating to a "buy" rating and reduced their price objective for the company from $77.00 to $50.00 in a research report on Friday, June 27th. The Goldman Sachs Group downgraded shares of New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $58.00 to $50.00 in a research report on Wednesday, August 6th. Finally, Hsbc Global Res raised shares of New Oriental Education & Technology Group to a "hold" rating in a research report on Wednesday, July 30th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, New Oriental Education & Technology Group has a consensus rating of "Hold" and an average price target of $51.60.

New Oriental Education & Technology Group Stock Up 1.8%

Shares of NYSE:EDU traded up $0.84 during midday trading on Monday, reaching $47.99. The company's stock had a trading volume of 1,078,516 shares, compared to its average volume of 877,822. The firm has a 50 day moving average of $48.85 and a 200-day moving average of $48.07. The firm has a market capitalization of $8.14 billion, a P/E ratio of 21.33 and a beta of 0.24. New Oriental Education & Technology Group, Inc. has a 12-month low of $40.66 and a 12-month 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 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 the consensus estimate 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 company's revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.22 EPS. New Oriental Education & Technology Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, research analysts predict that New Oriental Education & Technology Group, Inc. will post 2.75 EPS 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.