New Oriental Education & Technology Group (NYSE:EDU) Director Yue Zhuge Sells 1,600 Shares

New Oriental Education & Technology Group, Inc. (NYSE:EDU) Director Yue Zhuge sold 1,600 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $59.55, for a total value of $95,280.00. Following the completion of the sale, the director owned 2,000 shares of the company’s stock, valued at approximately $119,100. This trade represents a 44.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

New Oriental Education & Technology Group Stock Up 0.4%

New Oriental Education & Technology Group stock opened at $59.11 on Tuesday. The stock has a 50-day simple moving average of $48.12 and a 200 day simple moving average of $53.10. The stock has a market capitalization of $9.34 billion, a price-to-earnings ratio of 19.97, a P/E/G ratio of 0.62 and a beta of 0.24. New Oriental Education & Technology Group, Inc. has a 12-month low of $44.25 and a 12-month high of $64.97.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EDU. Wall Street Zen cut shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research note on Saturday. New Street Research set a $56.50 price objective on New Oriental Education & Technology Group in a report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of New Oriental Education & Technology Group in a research report on Tuesday, July 21st. Finally, The Goldman Sachs Group raised New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and lowered their target price for the company from $67.00 to $65.00 in a research note on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.54.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd raised its stake 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 buying an additional 512 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in New Oriental Education & Technology Group by 106.9% in the first quarter. EverSource Wealth Advisors LLC now owns 540 shares of the company’s stock valued at $31,000 after acquiring an additional 279 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new stake in New Oriental Education & Technology Group during the 4th quarter worth $72,000. Raymond James Financial Inc. acquired a new stake in New Oriental Education & Technology Group during the 2nd quarter worth $111,000. Finally, Leonteq Securities AG bought a new stake in shares of New Oriental Education & Technology Group during the 4th quarter valued at $155,000.

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.