APG Asset Management N.V. Lowers Position in New Oriental Education & Technology Group, Inc. $EDU

Key Points

• APG Asset Management N.V. reduced its stake in New Oriental Education & Technology Group by 12.2%, holding 221,600 shares after selling 30,900 during the first quarter, according to its SEC filing.
• The company's Q1 earnings surpassed expectations, reporting $0.61 earnings per share against an estimate of $0.24, with a revenue of $1.24 billion for the quarter.
• Several brokerages have adjusted their ratings, with JPMorgan Chase & Co. upgrading the stock from "neutral" to "overweight" and raising the price target to $62.00.

APG Asset Management N.V. lessened its position in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU - Free Report) by 12.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 221,600 shares of the company's stock after selling 30,900 shares during the quarter. APG Asset Management N.V. owned about 0.13% of New Oriental Education & Technology Group worth $9,808,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EDU. Janney Montgomery Scott LLC purchased a new position in New Oriental Education & Technology Group in the first quarter worth $448,000. SG Americas Securities LLC boosted its position in shares of New Oriental Education & Technology Group by 330.4% in the 1st quarter. SG Americas Securities LLC now owns 18,265 shares of the company's stock worth $873,000 after purchasing an additional 14,021 shares in the last quarter. KBC Group NV acquired a new stake in shares of New Oriental Education & Technology Group in the 1st quarter worth $192,000. BRIGHT VALLEY CAPITAL Ltd purchased a new position in New Oriental Education & Technology Group during the 1st quarter worth $50,583,000. Finally, Wellington Management Group LLP grew its stake in New Oriental Education & Technology Group by 57.9% during the 4th quarter. Wellington Management Group LLP now owns 627,686 shares of the company's stock worth $40,285,000 after buying an additional 230,140 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts have commented on EDU shares. Citigroup upgraded New Oriental Education & Technology Group from a "neutral" rating to a "buy" rating and decreased their price target for the company from $77.00 to $50.00 in a research note on Friday, June 27th. JPMorgan Chase & Co. raised shares of New Oriental Education & Technology Group from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $48.00 to $62.00 in a research report on Tuesday, June 24th. Hsbc Global Res upgraded shares of New Oriental Education & Technology Group to a "hold" rating in a research note on Wednesday, July 30th. 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. Finally, The Goldman Sachs Group downgraded New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and cut their target price for the company from $58.00 to $50.00 in a research report on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $51.60.

New Oriental Education & Technology Group Stock Performance

NYSE EDU traded up $0.84 on Friday, hitting $47.99. 1,078,516 shares of the company's stock traded hands, compared to its average volume of 907,466. The firm's 50-day moving average price is $48.85 and its two-hundred day moving average price is $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 issued its earnings results on Wednesday, July 30th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.37. The firm had revenue of $1.24 billion during the quarter, compared to analysts' expectations 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 firm's revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $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, analysts predict that New Oriental Education & Technology Group, Inc. will post 2.75 earnings per share 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.