New Oriental Education & Technology Group, Inc. (NYSE:EDU – Get Free Report) Director Yue Zhuge sold 1,600 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $59.55, for a total transaction of $95,280.00. Following the sale, the director owned 2,000 shares of the company’s stock, valued at approximately $119,100. This represents a 44.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Yue Zhuge also recently made the following trade(s):
- On Friday, July 31st, Yue Zhuge sold 570 shares of New Oriental Education & Technology Group stock. The shares were sold at an average price of $58.99, for a total transaction of $33,624.30.
New Oriental Education & Technology Group Stock Performance
Shares of EDU opened at $56.88 on Thursday. The firm has a market cap of $8.99 billion, a P/E ratio of 19.22, a price-to-earnings-growth ratio of 0.60 and a beta of 0.24. New Oriental Education & Technology Group, Inc. has a 52 week low of $44.25 and a 52 week high of $64.97. The firm’s 50-day simple moving average is $48.51 and its 200 day simple moving average is $53.11.
Wall Street Analyst Weigh In
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Institutional Investors Weigh In On New Oriental Education & Technology Group
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Invesco Ltd. boosted its stake in shares of 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 increased its stake in New Oriental Education & Technology Group by 23.7% during the 4th quarter. Discerene Group LP now owns 1,955,430 shares of the company’s stock worth $107,607,000 after acquiring an additional 374,916 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in New Oriental Education & Technology Group in the 4th quarter valued at $86,526,000. Orbis Allan Gray Ltd raised its holdings in New Oriental Education & Technology Group by 40.2% in the 4th quarter. Orbis Allan Gray Ltd now owns 837,551 shares of the company’s stock valued at $46,090,000 after acquiring an additional 240,053 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of New Oriental Education & Technology Group by 13,865.2% during the 4th quarter. Federated Hermes Inc. now owns 742,249 shares of the company’s stock valued at $40,846,000 after acquiring an additional 736,934 shares during the period.
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.
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