BRIGHT VALLEY CAPITAL Ltd Buys Shares of 525,961 New Oriental Education & Technology Group, Inc. $EDU

BRIGHT VALLEY CAPITAL Ltd bought a new stake in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 525,961 shares of the company’s stock, valued at approximately $28,944,000. New Oriental Education & Technology Group comprises about 10.8% of BRIGHT VALLEY CAPITAL Ltd’s holdings, making the stock its 2nd biggest position.

A number of other large investors also recently bought and sold shares of EDU. Factory Mutual Insurance Co. bought a new position in shares of New Oriental Education & Technology Group in the third quarter worth about $2,505,000. Serenity Capital Management PTE. LTD. boosted its position in New Oriental Education & Technology Group by 167.6% in the 3rd quarter. Serenity Capital Management PTE. LTD. now owns 656,878 shares of the company’s stock valued at $34,861,000 after buying an additional 411,380 shares during the period. First Beijing Investment Ltd grew its stake in New Oriental Education & Technology Group by 31.4% in the 3rd quarter. First Beijing Investment Ltd now owns 9,346,501 shares of the company’s stock worth $496,019,000 after acquiring an additional 2,231,169 shares in the last quarter. Barclays PLC grew its stake in New Oriental Education & Technology Group by 104.1% in the 3rd quarter. Barclays PLC now owns 431,564 shares of the company’s stock worth $22,903,000 after acquiring an additional 220,129 shares in the last quarter. Finally, Monolith Management Ltd increased its position in shares of New Oriental Education & Technology Group by 91.3% during the third quarter. Monolith Management Ltd now owns 506,046 shares of the company’s stock worth $26,856,000 after acquiring an additional 241,546 shares during the period.

Analyst Ratings Changes

EDU has been the subject of a number of research reports. Zacks Research lowered New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. The Goldman Sachs Group raised New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating in a research report on Thursday. New Street Research set a $65.00 target price on New Oriental Education & Technology Group in a report on Thursday. Finally, Weiss Ratings downgraded New Oriental Education & Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. 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’s stock. According to MarketBeat, New Oriental Education & Technology Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.24.

New Oriental Education & Technology Group Stock Performance

NYSE:EDU opened at $45.30 on Friday. New Oriental Education & Technology Group, Inc. has a one year low of $41.62 and a one year high of $64.97. The firm has a market cap of $7.16 billion, a P/E ratio of 17.36, a P/E/G ratio of 0.64 and a beta of 0.17. The firm has a 50-day simple moving average of $51.98 and a 200-day simple moving average of $54.63.

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

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.