Quantinno Capital Management LP grew its position in New Oriental Education & Technology Group, Inc. (NYSE:EDU – Free Report) by 27.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,862 shares of the company’s stock after purchasing an additional 10,669 shares during the period. Quantinno Capital Management LP’s holdings in New Oriental Education & Technology Group were worth $2,767,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its holdings in shares of New Oriental Education & Technology Group by 7,314.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 519 shares of the company’s stock worth $28,000 after purchasing an additional 512 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in shares of New Oriental Education & Technology Group during the 4th quarter worth approximately $72,000. Raymond James Financial Inc. acquired a new stake in New Oriental Education & Technology Group during the second quarter valued at $111,000. Leonteq Securities AG acquired a new stake in shares of New Oriental Education & Technology Group during the 4th quarter valued at about $155,000. Finally, PNC Financial Services Group Inc. grew its holdings in New Oriental Education & Technology Group by 10.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,372 shares of the company’s stock valued at $186,000 after purchasing an additional 324 shares during the period.
New Oriental Education & Technology Group Stock Down 0.1%
NYSE EDU opened at $56.37 on Monday. The business’s fifty day simple moving average is $48.93 and its 200-day simple moving average is $53.13. New Oriental Education & Technology Group, Inc. has a 52 week low of $44.25 and a 52 week high of $64.97. The firm has a market cap of $8.91 billion, a PE ratio of 19.04, a P/E/G ratio of 0.60 and a beta of 0.24.
Insider Activity at New Oriental Education & Technology Group
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on EDU. Weiss Ratings reiterated a “hold (c)” rating on shares of New Oriental Education & Technology Group in a research report on Tuesday, July 21st. New Street Research set a $56.50 target price on New Oriental Education & Technology Group in a report on Thursday, July 30th. Wall Street Zen downgraded New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, The Goldman Sachs Group raised New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $67.00 to $65.00 in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.54.
Get Our Latest Stock Report on EDU
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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