SG Americas Securities LLC Raises Holdings in New Oriental Education & Technology Group, Inc. $EDU

SG Americas Securities LLC increased its stake in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 103.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,900 shares of the company’s stock after purchasing an additional 25,885 shares during the period. SG Americas Securities LLC’s holdings in New Oriental Education & Technology Group were worth $2,882,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its holdings in New Oriental Education & Technology Group by 10.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,372 shares of the company’s stock valued at $186,000 after buying an additional 324 shares during the last quarter. Vident Advisory LLC raised its holdings in shares of New Oriental Education & Technology Group by 8.2% in the fourth quarter. Vident Advisory LLC now owns 5,939 shares of the company’s stock worth $327,000 after acquiring an additional 449 shares during the last quarter. Ieq Capital LLC raised its holdings in shares of New Oriental Education & Technology Group by 11.5% in the fourth quarter. Ieq Capital LLC now owns 4,760 shares of the company’s stock worth $262,000 after acquiring an additional 492 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of New Oriental Education & Technology Group by 7,314.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 519 shares of the company’s stock valued at $28,000 after acquiring an additional 512 shares in the last quarter. Finally, Profund Advisors LLC lifted its position in shares of New Oriental Education & Technology Group by 3.9% in the fourth quarter. Profund Advisors LLC now owns 19,945 shares of the company’s stock valued at $1,098,000 after acquiring an additional 750 shares in the last quarter.

Analysts Set New Price Targets

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

New Oriental Education & Technology Group Trading Down 0.5%

New Oriental Education & Technology Group stock opened at $45.95 on Wednesday. The stock has a fifty day moving average price of $49.07 and a 200 day moving average price of $54.06. New Oriental Education & Technology Group, Inc. has a 52 week low of $41.62 and a 52 week high of $64.97. The firm has a market capitalization of $7.26 billion, a P/E ratio of 17.60, a PEG ratio of 0.64 and a beta of 0.17.

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