XY Capital Ltd Purchases New Stake in New Oriental Education & Technology Group, Inc. $EDU

XY Capital Ltd purchased a new stake in New Oriental Education & Technology Group, Inc. (NYSE:EDU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 78,110 shares of the company’s stock, valued at approximately $4,298,000. New Oriental Education & Technology Group accounts for about 2.7% of XY Capital Ltd’s investment portfolio, making the stock its 6th biggest holding.

Other hedge funds have also bought and sold shares of the company. Factory Mutual Insurance Co. acquired a new stake in New Oriental Education & Technology Group in the 3rd quarter valued at $2,505,000. Serenity Capital Management PTE. LTD. grew its position in New Oriental Education & Technology Group by 167.6% in the 3rd quarter. Serenity Capital Management PTE. LTD. now owns 656,878 shares of the company’s stock valued at $34,861,000 after purchasing an additional 411,380 shares during the period. First Beijing Investment Ltd grew its position in New Oriental Education & Technology Group by 31.4% in the 3rd quarter. First Beijing Investment Ltd now owns 9,346,501 shares of the company’s stock valued at $496,019,000 after purchasing an additional 2,231,169 shares during the period. GSA Capital Partners LLP acquired a new stake in New Oriental Education & Technology Group in the 3rd quarter valued at $697,000. Finally, Barclays PLC grew its position in New Oriental Education & Technology Group by 104.1% in the 3rd quarter. Barclays PLC now owns 431,564 shares of the company’s stock valued at $22,903,000 after purchasing an additional 220,129 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EDU. Zacks Research downgraded shares of New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. The Goldman Sachs Group raised shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating in a report on Thursday. New Street Research set a $65.00 price objective on shares of New Oriental Education & Technology Group in a report on Thursday. Finally, Weiss Ratings downgraded shares of New Oriental Education & Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $65.24.

New Oriental Education & Technology Group Stock Down 1.8%

Shares of EDU opened at $45.30 on Friday. The business’s 50-day moving average price is $51.98 and its 200-day moving average price is $54.63. New Oriental Education & Technology Group, Inc. has a twelve month low of $41.62 and a twelve month high of $64.97. The stock has a market cap of $7.16 billion, a PE ratio of 17.36, a P/E/G ratio of 0.64 and a beta of 0.17.

New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings results on Tuesday, April 14th. The company reported $0.10 earnings per share for the quarter. New Oriental Education & Technology Group had a return on equity of 11.67% and a net margin of 7.82%.The firm had revenue of $1.42 billion for the quarter. Analysts expect that New Oriental Education & Technology Group, Inc. will post 3.19 earnings per share for the current fiscal year.

New Oriental Education & Technology Group Company Profile

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.