Yiheng Capital Management L.P. Boosts Holdings in New Oriental Education & Technology Group, Inc. $EDU

Key Points

• Yiheng Capital Management L.P. increased its position in New Oriental Education & Technology Group, Inc. by 15.4%, acquiring a total of 598,080 shares during the first quarter of the year.
• Despite some analysts downgrading their ratings, New Oriental Education's stock saw a 1.8% increase, and the company reported earnings of $0.61 per share, significantly beating estimates.
• The stock has a market cap of $8 billion and analysts maintain an average rating of "Hold" with a consensus target price of $51.60.

Yiheng Capital Management L.P. raised its holdings in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU - Free Report) by 15.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 598,080 shares of the company's stock after acquiring an additional 79,766 shares during the period. New Oriental Education & Technology Group makes up 1.9% of Yiheng Capital Management L.P.'s holdings, making the stock its 6th largest position. Yiheng Capital Management L.P. owned 0.35% of New Oriental Education & Technology Group worth $28,594,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EDU. Aspex Management HK Ltd grew its holdings in shares of New Oriental Education & Technology Group by 56.8% in the 4th quarter. Aspex Management HK Ltd now owns 7,454,906 shares of the company's stock valued at $478,456,000 after buying an additional 2,701,566 shares during the period. Discerene Group LP acquired a new position in New Oriental Education & Technology Group in the 1st quarter worth $75,564,000. BRIGHT VALLEY CAPITAL Ltd acquired a new position in New Oriental Education & Technology Group in the 1st quarter worth $50,583,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in New Oriental Education & Technology Group by 3,276.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,056,414 shares of the company's stock worth $50,507,000 after purchasing an additional 1,025,130 shares during the period. Finally, National Bank of Canada FI lifted its position in New Oriental Education & Technology Group by 34,614,900.0% during the 1st quarter. National Bank of Canada FI now owns 692,300 shares of the company's stock worth $33,099,000 after buying an additional 692,298 shares in the last quarter.

New Oriental Education & Technology Group Stock Down 0.5%

Shares of EDU stock traded down $0.25 during trading hours on Thursday, hitting $48.56. 228,474 shares of the company's stock traded hands, compared to its average volume of 1,468,428. The stock's 50 day simple moving average is $48.59 and its 200 day simple moving average is $48.03. The stock has a market cap of $8.24 billion, a PE ratio of 21.58 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 quarterly earnings results on Wednesday, July 30th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.37. The firm had revenue of $1.24 billion during 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 for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm 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, equities research analysts expect that New Oriental Education & Technology Group, Inc. will post 2.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on EDU shares. The Goldman Sachs Group cut shares of 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. HSBC cut shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a report on Wednesday, July 30th. Citigroup upgraded shares of New Oriental Education & Technology Group from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $77.00 to $50.00 in a research report on Friday, June 27th. Hsbc Global Res upgraded shares of New Oriental Education & Technology Group to a "hold" rating in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. upgraded shares of 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. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $51.60.

New Oriental Education & Technology Group 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.