Collaborative Fund Advisors LLC Makes New $1.11 Million Investment in New Oriental Education & Technology Group, Inc. $EDU

Collaborative Fund Advisors LLC bought a new stake in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) during the first quarter, HoldingsChannel reports. The institutional investor bought 19,539 shares of the company’s stock, valued at approximately $1,106,000.

Several other hedge funds also recently modified their holdings of EDU. First Beijing Investment Ltd grew its position in shares of New Oriental Education & Technology Group by 31.4% during the 3rd quarter. First Beijing Investment Ltd now owns 9,346,501 shares of the company’s stock worth $496,019,000 after buying an additional 2,231,169 shares during the period. Invesco Ltd. lifted its holdings in New Oriental Education & Technology Group by 5,697.3% in the fourth quarter. Invesco Ltd. now owns 4,610,905 shares of the company’s stock valued at $253,738,000 after buying an additional 4,531,370 shares during the period. Discerene Group LP boosted its stake in New Oriental Education & Technology Group by 23.7% in the fourth quarter. Discerene Group LP now owns 1,955,430 shares of the company’s stock valued at $107,607,000 after acquiring an additional 374,916 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in New Oriental Education & Technology Group in the fourth quarter valued at approximately $86,526,000. Finally, Orbis Allan Gray Ltd grew its holdings in New Oriental Education & Technology Group by 40.2% during the 4th quarter. Orbis Allan Gray Ltd now owns 837,551 shares of the company’s stock worth $46,090,000 after acquiring an additional 240,053 shares during the period.

Analyst Upgrades and Downgrades

EDU has been the subject of several recent research reports. The Goldman Sachs Group upgraded shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and dropped their target price for the company from $67.00 to $65.00 in a research report on Thursday, June 11th. New Street Research set a $65.00 price target on New Oriental Education & Technology Group in a research report on Thursday, June 11th. Weiss Ratings cut New Oriental Education & Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Finally, Zacks Research downgraded New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $66.24.

New Oriental Education & Technology Group Price Performance

New Oriental Education & Technology Group stock opened at $46.96 on Monday. The company’s 50 day simple moving average is $48.52 and its 200 day simple moving average is $53.92. New Oriental Education & Technology Group, Inc. has a fifty-two week low of $41.62 and a fifty-two week high of $64.97. The firm has a market capitalization of $7.42 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 0.65 and a beta of 0.19.

New Oriental Education & Technology Group (NYSE:EDU) last issued its quarterly earnings data on Tuesday, April 14th. The company reported $0.10 earnings per share (EPS) for the quarter. New Oriental Education & Technology Group had a net margin of 7.82% and a return on equity of 11.67%. The firm had revenue of $1.42 billion during the quarter. As a group, analysts predict that New Oriental Education & Technology Group, Inc. will post 3.14 EPS 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.