Triata Capital Ltd increased its holdings in New Oriental Education & Technology Group, Inc. (NYSE:EDU – Free Report) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 396,786 shares of the company’s stock after buying an additional 29,412 shares during the period. New Oriental Education & Technology Group accounts for 2.6% of Triata Capital Ltd’s holdings, making the stock its 10th largest position. Triata Capital Ltd owned 0.25% of New Oriental Education & Technology Group worth $21,835,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. PNC Financial Services Group Inc. boosted its position in shares of 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 worth $186,000 after acquiring an additional 324 shares in the last quarter. Ieq Capital LLC boosted its position in shares of New Oriental Education & Technology Group by 11.5% during the 4th quarter. Ieq Capital LLC now owns 4,760 shares of the company’s stock worth $262,000 after acquiring an additional 492 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of New Oriental Education & Technology Group by 7,314.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 519 shares of the company’s stock worth $28,000 after acquiring an additional 512 shares in the last quarter. Fox Run Management L.L.C. boosted its position in shares of New Oriental Education & Technology Group by 5.7% during the 3rd quarter. Fox Run Management L.L.C. now owns 10,548 shares of the company’s stock worth $560,000 after acquiring an additional 573 shares in the last quarter. Finally, Profund Advisors LLC boosted its position in shares of New Oriental Education & Technology Group by 3.9% during the 4th quarter. Profund Advisors LLC now owns 19,945 shares of the company’s stock worth $1,098,000 after acquiring an additional 750 shares in the last quarter.
New Oriental Education & Technology Group Price Performance
Shares of New Oriental Education & Technology Group stock opened at $46.64 on Wednesday. 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 $7.37 billion, a P/E ratio of 17.87, a P/E/G ratio of 0.65 and a beta of 0.17. The company’s 50 day moving average price is $51.39 and its two-hundred day moving average price is $54.55.
Analyst Ratings Changes
EDU has been the topic of several analyst reports. Zacks Research lowered shares of New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. The Goldman Sachs Group upgraded shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $67.00 to $65.00 in a research report on Thursday, June 11th. New Street Research set a $65.00 price target on shares of New Oriental Education & Technology Group in a research report on Thursday, June 11th. Finally, Weiss Ratings lowered shares of New Oriental Education & Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $66.24.
Read Our Latest Stock Analysis on New Oriental Education & Technology Group
New Oriental Education & Technology Group 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.
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