Swedbank AB Acquires 12,200 Shares of New Oriental Education & Technology Group, Inc. $EDU

Swedbank AB grew its holdings in New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 52.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,651 shares of the company’s stock after acquiring an additional 12,200 shares during the quarter. Swedbank AB’s holdings in New Oriental Education & Technology Group were worth $1,962,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd increased its holdings in shares of New Oriental Education & Technology Group by 7,314.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 519 shares of the company’s stock worth $28,000 after acquiring an additional 512 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of New Oriental Education & Technology Group in the second quarter worth about $111,000. Leonteq Securities AG bought a new stake in shares of New Oriental Education & Technology Group in the fourth quarter worth about $155,000. Hantz Financial Services Inc. increased its holdings in shares of New Oriental Education & Technology Group by 275.1% in the third 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 in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of 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 worth $186,000 after acquiring an additional 324 shares in the last quarter.

New Oriental Education & Technology Group Price Performance

EDU stock opened at $47.00 on Thursday. The stock has a market capitalization of $7.43 billion, a P/E ratio of 18.01, a P/E/G ratio of 0.79 and a beta of 0.24. The business has a 50-day moving average of $54.08 and a 200-day moving average of $55.21. New Oriental Education & Technology Group, Inc. has a fifty-two week low of $41.62 and a fifty-two week high of $64.97.

New Oriental Education & Technology Group (NYSE:EDU) last posted its quarterly earnings data on Tuesday, April 14th. The company reported $0.10 earnings per share for the quarter. New Oriental Education & Technology Group had a return on equity of 11.67% and a net margin of 7.82%.The company had revenue of $1.42 billion during the quarter. Equities analysts expect that New Oriental Education & Technology Group, Inc. will post 3.19 EPS for the current year.

Analyst Ratings Changes

EDU has been the subject of several recent analyst reports. Zacks Research downgraded New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. HSBC upgraded New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 28th. Wall Street Zen upgraded New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. China Renaissance raised New Oriental Education & Technology Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 29th. Finally, New Street Research set a $68.00 price objective on New Oriental Education & Technology Group in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate 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.