New Oriental Education & Technology Group, Inc. (NYSE:EDU – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $54.35 and traded as low as $50.53. New Oriental Education & Technology Group shares last traded at $50.6010, with a volume of 3,135,423 shares trading hands.
More New Oriental Education & Technology Group News
Here are the key news stories impacting New Oriental Education & Technology Group this week:
- Positive Sentiment: New Oriental reported fiscal Q1 adjusted earnings of approximately $1.92 per ADS, above the $1.81 FactSet consensus estimate. Reported EPS was about $1.90, in line with consensus, while revenue of $1.87 billion exceeded the $1.85 billion analyst estimate. New Oriental Q1 adjusted earnings report
- Positive Sentiment: Management reaffirmed its fiscal 2027 outlook, signaling continued confidence in demand and the company’s longer-term growth plans. New Oriental reaffirms fiscal 2027 outlook
- Positive Sentiment: The board approved an ordinary cash dividend for fiscal 2027, payable around December 1, 2026, supporting shareholder returns. New Oriental fiscal 2027 dividend
- Neutral Sentiment: The quarter’s results reflected higher income and revenue, but investors focused more heavily on forward margins and the cost of expansion than on the earnings beat. New Oriental fiscal first-quarter results
- Negative Sentiment: CFO comments that a flat margin was an “anticipated consequence” of scaling new businesses highlighted near-term profitability pressure. Investors appear concerned that investments in expansion may limit margin improvement even as revenue grows. New Oriental margin and CFO commentary
Analyst Ratings Changes
Several brokerages recently commented on EDU. New Street Research set a $56.50 target price on shares of New Oriental Education & Technology Group in a research note on Thursday, July 30th. Weiss Ratings raised shares of New Oriental Education & Technology Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 13th. Finally, Wall Street Zen cut shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $60.75.
Check Out Our Latest Stock Analysis on New Oriental Education & Technology Group
New Oriental Education & Technology Group Trading Down 12.7%
The stock’s 50 day moving average is $57.12 and its 200-day moving average is $54.35. The company has a market cap of $7.84 billion, a P/E ratio of 17.09, a PEG ratio of 0.62 and a beta of 0.19.
Insider Buying and Selling
In related news, Director Chenggang Zhou sold 56,948 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $56.83, for a total transaction of $3,236,354.84. Following the completion of the sale, the director owned 429,998 shares of the company’s stock, valued at $24,436,786.34. This trade represents a 11.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Yue Zhuge sold 1,600 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $59.55, for a total transaction of $95,280.00. Following the sale, the director directly owned 2,000 shares of the company’s stock, valued at $119,100. This trade represents a 44.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 72,170 shares of company stock worth $4,100,348. Corporate insiders own 15.50% of the company’s stock.
Institutional Trading of New Oriental Education & Technology Group
Several institutional investors have recently added to or reduced their stakes in EDU. EverSource Wealth Advisors LLC lifted its holdings in shares of New Oriental Education & Technology Group by 106.9% during the first quarter. EverSource Wealth Advisors LLC now owns 540 shares of the company’s stock valued at $31,000 after purchasing an additional 279 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of New Oriental Education & Technology Group during the first quarter valued at $209,000. PNC Financial Services Group Inc. boosted its position in shares of New Oriental Education & Technology Group by 14.8% during the first quarter. PNC Financial Services Group Inc. now owns 3,872 shares of the company’s stock valued at $219,000 after buying an additional 500 shares during the last quarter. Assetmark Inc. increased its holdings in New Oriental Education & Technology Group by 4,389.0% in the 1st quarter. Assetmark Inc. now owns 5,701 shares of the company’s stock worth $323,000 after buying an additional 5,574 shares in the last quarter. Finally, KBC Group NV increased its holdings in New Oriental Education & Technology Group by 42.8% in the 1st quarter. KBC Group NV now owns 5,814 shares of the company’s stock worth $329,000 after buying an additional 1,743 shares in the last quarter.
New Oriental Education & Technology Group Company Profile
New Oriental Education & Technology Group Inc (NYSE: EDU) is a China-based education services provider founded in 1993 by Michael Minhong Yu. The company operates schools, learning centers and online platforms that serve students, families and adult learners across China.
Its offerings have historically included test preparation for examinations such as the TOEFL, IELTS and other standardized tests; overseas study consulting; language training; educational services for primary and secondary students; adult and vocational education; and educational technology.
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