Public Employees Retirement System of Ohio Sells 49,094 Shares of New Oriental Education & Technology Group, Inc. $EDU

Key Points

• The Public Employees Retirement System of Ohio has reduced its stake in New Oriental Education & Technology Group by 88.2%, selling 49,094 shares during the second quarter.
• Bank of America has increased its price target for the company's shares from $56.20 to $58.20 and maintains a "buy" rating, while other analysts have varying ratings, leading to a consensus "Hold" recommendation.
• New Oriental Education recently reported $0.61 earnings per share for the last quarter, exceeding analysts' expectations, with revenue increasing 9.4% year-over-year to $1.24 billion.

Public Employees Retirement System of Ohio decreased its stake in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU - Free Report) by 88.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,545 shares of the company's stock after selling 49,094 shares during the period. Public Employees Retirement System of Ohio's holdings in New Oriental Education & Technology Group were worth $353,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Siren L.L.C. boosted its holdings in shares of New Oriental Education & Technology Group by 16.1% during the 1st quarter. Siren L.L.C. now owns 79,500 shares of the company's stock worth $3,801,000 after buying an additional 11,000 shares during the period. First Beijing Investment Ltd boosted its holdings in shares of New Oriental Education & Technology Group by 1,997.8% during the 1st quarter. First Beijing Investment Ltd now owns 5,456,378 shares of the company's stock worth $260,869,000 after buying an additional 5,196,281 shares during the period. Serenity Capital Management PTE. LTD. boosted its holdings in shares of New Oriental Education & Technology Group by 635.4% during the 1st quarter. Serenity Capital Management PTE. LTD. now owns 245,498 shares of the company's stock worth $11,737,000 after buying an additional 212,116 shares during the period. Yiheng Capital Management L.P. boosted its holdings in shares of New Oriental Education & Technology Group by 15.4% during the 1st quarter. Yiheng Capital Management L.P. now owns 598,080 shares of the company's stock worth $28,594,000 after buying an additional 79,766 shares during the period. Finally, Trexquant Investment LP bought a new stake in shares of New Oriental Education & Technology Group during the 1st quarter worth about $682,000.

Analyst Ratings Changes

A number of analysts have issued reports on EDU shares. Bank of America boosted their price objective on shares of New Oriental Education & Technology Group from $56.20 to $58.20 and gave the company a "buy" rating in a report on Monday, September 29th. Hsbc Global Res raised shares of New Oriental Education & Technology Group to a "hold" rating in a report on Wednesday, July 30th. HSBC downgraded shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a report on Wednesday, July 30th. The Goldman Sachs Group downgraded shares of New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and cut their price objective for the company from $58.00 to $50.00 in a report on Wednesday, August 6th. Finally, 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 report on Tuesday, June 24th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $56.87.

New Oriental Education & Technology Group Price Performance

Shares of NYSE:EDU opened at $52.72 on Tuesday. New Oriental Education & Technology Group, Inc. has a one year low of $40.66 and a one year high of $82.68. The company has a market cap of $9.04 billion, a price-to-earnings ratio of 23.43, a PEG ratio of 1.69 and a beta of 0.27. The firm has a 50 day simple moving average of $49.34 and a 200 day simple moving average of $48.39.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last posted 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 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 company's revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm 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 expect 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.

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