Schroder Investment Management Group Cuts Stake in New Oriental Education & Technology Group, Inc. $EDU

Key Points

• Schroder Investment Management Group reduced its stake in New Oriental (NYSE:EDU) by 5.4% in Q3, selling 35,134 shares and holding 610,087 shares worth about $32.38 million.
• Analysts have recently upgraded the stock, leaving EDU with a consensus rating of Buy and an average price target of $65.84, including multiple upgrades to "buy" or "strong-buy."
• New Oriental beat quarterly estimates with $0.45 EPS versus $0.34 expected and revenue of $1.19 billion (up 14.7% YoY); the stock trades near $53.72 and has a market cap of $8.49 billion.

Schroder Investment Management Group lessened its holdings in New Oriental Education & Technology Group, Inc. (NYSE:EDU - Free Report) by 5.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 610,087 shares of the company's stock after selling 35,134 shares during the quarter. Schroder Investment Management Group owned 0.36% of New Oriental Education & Technology Group worth $32,377,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Factory Mutual Insurance Co. purchased a new position in shares of New Oriental Education & Technology Group in the third quarter worth about $2,505,000. OPTIMAS CAPITAL Ltd purchased a new stake in New Oriental Education & Technology Group during the 3rd quarter valued at about $1,974,000. Alkeon Capital Management LLC boosted its holdings in New Oriental Education & Technology Group by 101.3% during the 2nd quarter. Alkeon Capital Management LLC now owns 2,193,486 shares of the company's stock valued at $118,339,000 after acquiring an additional 1,104,000 shares during the period. Jump Financial LLC grew its position in New Oriental Education & Technology Group by 64.5% during the 2nd quarter. Jump Financial LLC now owns 171,108 shares of the company's stock worth $9,231,000 after acquiring an additional 67,108 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in New Oriental Education & Technology Group in the 2nd quarter worth approximately $621,000.

Analysts Set New Price Targets

EDU has been the subject of a number of analyst reports. Weiss Ratings reissued a "hold (c+)" rating on shares of New Oriental Education & Technology Group in a research note on Monday, December 29th. New Street Research set a $68.00 target price on shares of New Oriental Education & Technology Group in a research note on Wednesday, January 28th. Zacks Research upgraded shares of New Oriental Education & Technology Group from a "hold" rating to a "strong-buy" rating in a report on Monday, February 2nd. China Renaissance raised shares of New Oriental Education & Technology Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 29th. Finally, HSBC raised shares of New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $65.84.

New Oriental Education & Technology Group Trading Up 1.1%

Shares of EDU stock opened at $53.72 on Thursday. The company's fifty day moving average price is $57.62 and its 200-day moving average price is $55.03. The stock has a market cap of $8.49 billion, a PE ratio of 22.76, a price-to-earnings-growth ratio of 0.91 and a beta of 0.28. New Oriental Education & Technology Group, Inc. has a 12 month low of $40.66 and a 12 month high of $64.97.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.11. New Oriental Education & Technology Group had a net margin of 7.40% and a return on equity of 11.19%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the business earned $0.22 EPS. New Oriental Education & Technology Group's quarterly revenue was up 14.7% compared to the same quarter last year. On average, sell-side analysts forecast that New Oriental Education & Technology Group, Inc. will post 2.75 earnings per share for the current fiscal year.

About New Oriental Education & Technology Group

New Oriental Education & Technology Group NYSE: EDU is one of China's leading providers of private educational services, specializing in language training, test preparation and consulting for overseas study. The company's offerings span a range of subjects, including English language instruction, preparatory courses for examinations such as the TOEFL, GRE and GMAT, and K-12 after-school tutoring. New Oriental's curriculum is delivered through a combination of in-person learning centers and digital platforms, enabling students across various regions to access its educational resources.

Founded in 1993 by Michael Yu Minhong in Beijing, New Oriental began as a small language school and quickly expanded its footprint.

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