Sylebra Capital LLC Sells 9,849 Shares of New Oriental Education & Technology Group, Inc. $EDU

Key Points

• Sylebra Capital LLC reduced its stake in New Oriental Education & Technology Group, Inc. by 4.9%, now holding 192,024 shares valued at approximately $9.18 million.
• The company's latest quarterly earnings report showed EPS of $0.61, exceeding analyst expectations and marking a 9.4% increase in revenue year-over-year.
• Analysts have mixed ratings on the stock; while two maintain a "Buy," the overall consensus rating is "Hold" with a target price of $51.60.

Sylebra Capital LLC decreased its position in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU - Free Report) by 4.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 192,024 shares of the company's stock after selling 9,849 shares during the period. New Oriental Education & Technology Group comprises 0.5% of Sylebra Capital LLC's holdings, making the stock its 22nd largest holding. Sylebra Capital LLC owned approximately 0.11% of New Oriental Education & Technology Group worth $9,181,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Banque Cantonale Vaudoise bought a new position in New Oriental Education & Technology Group in the 1st quarter valued at approximately $54,000. Brooklyn Investment Group increased its position in New Oriental Education & Technology Group by 3,700.0% during the 1st quarter. Brooklyn Investment Group now owns 1,330 shares of the company's stock valued at $64,000 after purchasing an additional 1,295 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in New Oriental Education & Technology Group during the first quarter worth $72,000. Summit Securities Group LLC acquired a new stake in New Oriental Education & Technology Group during the 1st quarter worth about $136,000. Finally, LMR Partners LLP bought a new position in shares of New Oriental Education & Technology Group in the 4th quarter worth about $211,000.

New Oriental Education & Technology Group Stock Performance

EDU stock traded up $3.21 during midday trading on Wednesday, reaching $55.26. 1,706,238 shares of the company's stock traded hands, compared to its average volume of 728,981. The firm's fifty day moving average price is $48.26 and its 200-day moving average price is $47.89. New Oriental Education & Technology Group, Inc. has a 52 week low of $40.66 and a 52 week high of $87.26.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business's revenue was up 9.4% on a year-over-year basis. During the same period last year, the company earned $0.22 earnings per share. 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 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EDU. Hsbc Global Res upgraded New Oriental Education & Technology Group to a "hold" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. raised New Oriental Education & Technology Group from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $48.00 to $62.00 in a research note on Tuesday, June 24th. The Goldman Sachs Group cut New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and cut their price target for the stock from $58.00 to $50.00 in a report on Wednesday, August 6th. HSBC downgraded shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Finally, Citigroup dropped their target price on shares of New Oriental Education & Technology Group from $77.00 to $75.00 and set a "buy" rating on the stock in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $56.60.

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.