New Oriental Education & Technology Group, Inc. $EDU Holdings Decreased by Invesco Ltd.

Key Points

• Invesco Ltd. has reduced its stake in New Oriental Education & Technology Group by 45.3%, selling 70,727 shares and now holding a total of 85,557 shares valued at approximately $4.09 million.
• The company reported a 9.4% increase in revenue year-over-year, with earnings per share of $0.61 for the last quarter, exceeding analyst expectations.
• Analyst ratings for New Oriental Education range from a "buy" to a "sell", with a consensus rating of "hold" and a target price of $51.60.

Invesco Ltd. lowered its holdings in New Oriental Education & Technology Group, Inc. (NYSE:EDU - Free Report) by 45.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 85,557 shares of the company's stock after selling 70,727 shares during the period. Invesco Ltd. owned about 0.05% of New Oriental Education & Technology Group worth $4,090,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EDU. Banque Cantonale Vaudoise acquired a new stake in New Oriental Education & Technology Group during the first quarter valued at approximately $54,000. BNP Paribas acquired a new stake in shares of New Oriental Education & Technology Group during the 4th quarter worth approximately $113,000. LMR Partners LLP acquired a new stake in shares of New Oriental Education & Technology Group during the 4th quarter worth approximately $211,000. Vise Technologies Inc. acquired a new stake in shares of New Oriental Education & Technology Group during the 4th quarter worth approximately $228,000. Finally, KBC Group NV acquired a new stake in shares of New Oriental Education & Technology Group during the 1st quarter worth approximately $192,000.

New Oriental Education & Technology Group Stock Performance

Shares of EDU stock traded up $1.11 during mid-day trading on Tuesday, hitting $49.09. 383,092 shares of the stock traded hands, compared to its average volume of 1,481,568. New Oriental Education & Technology Group, Inc. has a twelve month low of $40.66 and a twelve month high of $87.26. The firm has a market cap of $8.14 billion, a price-to-earnings ratio of 21.82 and a beta of 0.24. The company's 50-day simple moving average is $48.83 and its 200-day simple moving average is $48.02.

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 analysts' consensus estimates of $0.24 by $0.37. The business had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.19 billion. New Oriental Education & Technology Group had a return on equity of 11.32% and a net margin of 7.59%.The company's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.22 EPS. New Oriental Education & Technology Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Analysts forecast that New Oriental Education & Technology Group, Inc. will post 2.75 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on EDU shares. Citigroup upgraded New Oriental Education & Technology Group from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $77.00 to $50.00 in a research report on Friday, June 27th. JPMorgan Chase & Co. upgraded New Oriental Education & Technology Group from a "neutral" rating to an "overweight" rating and raised their target price for the company from $48.00 to $62.00 in a research report on Tuesday, June 24th. HSBC cut New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Wall Street Zen upgraded New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. Finally, 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 stock 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 given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $51.60.

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.