New Oriental Education & Technology Group, Inc. $EDU Shares Acquired by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP increased its stake in New Oriental Education & Technology Group by 15.8%, holding 727,016 shares valued at approximately $34.76 million.
• New Oriental's stock showed a slight increase of 0.5%, with a current trading price of $47.53, while the stock has fluctuated between a 52-week low of $40.66 and a high of $87.26.
• Financial analysts are optimistic about the company's performance, with a consensus rating of "Hold" and an average target price set at $51.60.

Wellington Management Group LLP grew its holdings in New Oriental Education & Technology Group, Inc. (NYSE:EDU - Free Report) by 15.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 727,016 shares of the company's stock after purchasing an additional 99,330 shares during the quarter. Wellington Management Group LLP owned about 0.43% of New Oriental Education & Technology Group worth $34,759,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Aspex Management HK Ltd lifted its stake in 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 worth $478,456,000 after purchasing an additional 2,701,566 shares in the last quarter. Discerene Group LP purchased a new position in New Oriental Education & Technology Group in the 1st quarter worth approximately $75,564,000. BRIGHT VALLEY CAPITAL Ltd purchased a new position in New Oriental Education & Technology Group in the 1st quarter worth approximately $50,583,000. Mirae Asset Global Investments Co. Ltd. lifted 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 in the last quarter. Finally, Brilliance Asset Management Ltd. lifted its stake in New Oriental Education & Technology Group by 189.5% in the 1st quarter. Brilliance Asset Management Ltd. now owns 1,016,471 shares of the company's stock worth $48,597,000 after purchasing an additional 665,403 shares in the last quarter.

New Oriental Education & Technology Group Stock Up 1.8%

New Oriental Education & Technology Group stock traded up $0.84 during trading on Friday, hitting $47.99. The company had a trading volume of 1,078,516 shares, compared to its average volume of 907,466. New Oriental Education & Technology Group, Inc. has a 1-year low of $40.66 and a 1-year high of $87.26. The company's 50 day simple moving average is $48.85 and its 200-day simple moving average is $48.11.

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, beating the consensus estimate of $0.24 by $0.37. New Oriental Education & Technology Group had a net margin of 7.59% and a return on equity of 11.32%. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the firm earned $0.22 EPS. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. New Oriental Education & Technology Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Research analysts expect that New Oriental Education & Technology Group, Inc. will post 2.75 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on EDU. Wall Street Zen raised shares of New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. HSBC lowered shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research report on Wednesday, July 30th. The Goldman Sachs Group lowered shares of New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and reduced their price target for the company from $58.00 to $50.00 in a research report on Wednesday, August 6th. Citigroup raised shares of New Oriental Education & Technology Group from a "neutral" rating to a "buy" rating and reduced their price target for the company from $77.00 to $50.00 in a research report on Friday, June 27th. Finally, Hsbc Global Res raised shares of New Oriental Education & Technology Group to a "hold" rating in a research report on Wednesday, July 30th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $51.60.

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.