New Oriental Education & Technology Group, Inc. $EDU Stock Holdings Increased by Serenity Capital Management PTE. LTD.

Serenity Capital Management PTE. LTD. boosted its holdings in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 167.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 656,878 shares of the company’s stock after purchasing an additional 411,380 shares during the period. New Oriental Education & Technology Group comprises approximately 8.8% of Serenity Capital Management PTE. LTD.’s investment portfolio, making the stock its 5th biggest position. Serenity Capital Management PTE. LTD. owned 0.38% of New Oriental Education & Technology Group worth $34,861,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in New Oriental Education & Technology Group during the 2nd quarter valued at $111,000. Hantz Financial Services Inc. grew its stake in New Oriental Education & Technology Group by 275.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,395 shares of the company’s stock worth $180,000 after acquiring an additional 2,490 shares during the period. Quantbot Technologies LP boosted its position in New Oriental Education & Technology Group by 309.7% during the third quarter. Quantbot Technologies LP now owns 3,532 shares of the company’s stock worth $187,000 after purchasing an additional 2,670 shares during the period. Cerity Partners LLC bought a new position in New Oriental Education & Technology Group during the 2nd quarter worth $221,000. Finally, KBC Group NV grew its holdings in shares of New Oriental Education & Technology Group by 11.3% during the 2nd quarter. KBC Group NV now owns 4,474 shares of the company’s stock valued at $241,000 after purchasing an additional 454 shares during the last quarter.

New Oriental Education & Technology Group Trading Down 0.6%

EDU opened at $53.47 on Friday. New Oriental Education & Technology Group, Inc. has a 1 year low of $40.66 and a 1 year high of $64.97. The stock’s 50 day simple moving average is $57.59 and its 200-day simple moving average is $55.02. The stock has a market cap of $8.45 billion, a PE ratio of 22.65, a P/E/G ratio of 0.92 and a beta of 0.28.

New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings data on Wednesday, January 28th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.16 billion. New Oriental Education & Technology Group had a net margin of 7.40% and a return on equity of 11.19%. New Oriental Education & Technology Group’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.22 earnings per share. Equities analysts forecast that New Oriental Education & Technology Group, Inc. will post 2.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EDU. Zacks Research upgraded New Oriental Education & Technology Group from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. HSBC raised New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 28th. China Renaissance raised shares of New Oriental Education & Technology Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 29th. New Street Research set a $68.00 price target on New Oriental Education & Technology Group in a report on Wednesday, January 28th. Finally, Wall Street Zen upgraded shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, New Oriental Education & Technology Group presently has an average rating of “Buy” and an average price target of $65.84.

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.