Swedbank AB Buys 12,200 Shares of New Oriental Education & Technology Group, Inc. $EDU

Swedbank AB lifted its stake in New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 52.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,651 shares of the company’s stock after purchasing an additional 12,200 shares during the quarter. Swedbank AB’s holdings in New Oriental Education & Technology Group were worth $1,962,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of EDU. First Beijing Investment Ltd raised its position in New Oriental Education & Technology Group by 31.4% during the third quarter. First Beijing Investment Ltd now owns 9,346,501 shares of the company’s stock valued at $496,019,000 after acquiring an additional 2,231,169 shares in the last quarter. Tiger Pacific Capital LP purchased a new position in New Oriental Education & Technology Group during the second quarter valued at approximately $38,056,000. Serenity Capital Management PTE. LTD. raised its position in New Oriental Education & Technology Group by 167.6% during the third quarter. Serenity Capital Management PTE. LTD. now owns 656,878 shares of the company’s stock valued at $34,861,000 after acquiring an additional 411,380 shares in the last quarter. Monolith Management Ltd raised its position in New Oriental Education & Technology Group by 91.3% during the third quarter. Monolith Management Ltd now owns 506,046 shares of the company’s stock valued at $26,856,000 after acquiring an additional 241,546 shares in the last quarter. Finally, Barclays PLC raised its position in New Oriental Education & Technology Group by 104.1% during the third quarter. Barclays PLC now owns 431,564 shares of the company’s stock valued at $22,903,000 after acquiring an additional 220,129 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. New Street Research set a $68.00 price target on New Oriental Education & Technology Group in a research note on Wednesday, January 28th. China Renaissance raised New Oriental Education & Technology Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 29th. Weiss Ratings lowered New Oriental Education & Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Zacks Research lowered New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Finally, HSBC raised New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, New Oriental Education & Technology Group presently has an average rating of “Moderate Buy” and an average target price of $65.84.

New Oriental Education & Technology Group Stock Down 0.0%

Shares of New Oriental Education & Technology Group stock opened at $53.60 on Monday. New Oriental Education & Technology Group, Inc. has a 52 week low of $41.62 and a 52 week high of $64.97. The business’s fifty day simple moving average is $55.22 and its 200-day simple moving average is $56.09. The firm has a market cap of $8.47 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 0.91 and a beta of 0.24.

New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings results on Tuesday, April 14th. The company reported $0.10 EPS for the quarter. New Oriental Education & Technology Group had a return on equity of 11.67% and a net margin of 7.82%.The business had revenue of $1.42 billion for the quarter. As a group, equities analysts expect that New Oriental Education & Technology Group, Inc. will post 3.17 earnings per share for the current 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.