New Oriental Education & Technology Group, Inc. (EDU) – What Are Researchers Thinking About This Stock?

New Oriental Education & Technology Group, Inc. (NYSE:EDU) has earned an average rating of “Moderate Buy” from the six research firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $63.17.

A number of research analysts have issued reports on EDU shares. Wall Street Zen cut New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings upgraded shares of New Oriental Education & Technology Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Finally, New Street Research set a $56.50 price target on shares of New Oriental Education & Technology Group in a report on Thursday, July 30th.

New Oriental Education & Technology Group Stock Performance

New Oriental Education & Technology Group stock opened at $60.41 on Friday. New Oriental Education & Technology Group has a 52 week low of $44.25 and a 52 week high of $64.97. The stock has a market capitalization of $9.37 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 0.61 and a beta of 0.19. The stock has a fifty day moving average of $56.49 and a 200-day moving average of $52.89.

Insider Activity at New Oriental Education & Technology Group

In other New Oriental Education & Technology Group news, Director Chenggang Zhou sold 56,948 shares of the business’s stock in a transaction 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 sale, the director owned 429,998 shares of the company’s stock, valued at approximately $24,436,786.34. The trade was a 11.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Yue Zhuge sold 1,600 shares of the business’s stock in a transaction on 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 directly owned 2,000 shares in the company, valued at approximately $119,100. The trade was a 44.44% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 72,170 shares of company stock valued at $4,100,348. 15.50% of the stock is owned by insiders.

Institutional Investors Weigh In On New Oriental Education & Technology Group

Several hedge funds have recently modified their holdings of the company. Ninety One UK Ltd acquired a new stake in shares of New Oriental Education & Technology Group during the third quarter valued at about $92,628,000. Ninety One North America Inc. bought a new stake in shares of New Oriental Education & Technology Group during the third quarter worth about $21,740,000. WINTON GROUP Ltd acquired a new position in shares of New Oriental Education & Technology Group in the second quarter valued at approximately $376,000. Carmignac Gestion increased its stake in shares of New Oriental Education & Technology Group by 0.8% in the second quarter. Carmignac Gestion now owns 368,392 shares of the company’s stock valued at $16,921,000 after buying an additional 3,006 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG increased its stake in shares of New Oriental Education & Technology Group by 10.9% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 15,869 shares of the company’s stock valued at $729,000 after buying an additional 1,555 shares during the period.

About New Oriental Education & Technology Group

New Oriental Education & Technology Group is a China-based education services provider founded in 1993 by Michael Yu. The company offers educational programs and services for students, families and adult learners, with operations focused primarily on China.

Its business activities have included test preparation for international examinations, overseas study consulting, language training, online education and educational materials. New Oriental has also provided tutoring and other education services for students in primary and secondary school, as well as programs designed to support domestic academic development and professional skills.

The company serves customers through learning centers, schools and digital platforms across multiple regions of China.