New Oriental Education & Technology Group, Inc. $EDU Shares Sold by Profund Advisors LLC

Profund Advisors LLC cut its holdings in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 6.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,090 shares of the company’s stock after selling 1,032 shares during the period. Profund Advisors LLC’s holdings in New Oriental Education & Technology Group were worth $868,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EDU. BRIGHT VALLEY CAPITAL Ltd purchased a new position in New Oriental Education & Technology Group during the 1st quarter worth $50,583,000. Allianz SE acquired a new stake in New Oriental Education & Technology Group in the first quarter worth about $398,000. Massachusetts Financial Services Co. MA grew its stake in shares of New Oriental Education & Technology Group by 65.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 46,791 shares of the company’s stock worth $2,237,000 after acquiring an additional 18,579 shares during the last quarter. Siren L.L.C. grew its stake in shares of New Oriental Education & Technology Group by 16.1% during the first quarter. Siren L.L.C. now owns 79,500 shares of the company’s stock worth $3,801,000 after acquiring an additional 11,000 shares during the last quarter. Finally, Long Corridor Asset Management Ltd acquired a new position in shares of New Oriental Education & Technology Group during the first quarter valued at about $1,817,000.

Analyst Ratings Changes

A number of analysts recently commented on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $60.00 target price on shares of New Oriental Education & Technology Group in a research note on Wednesday, October 29th. HSBC downgraded shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Hsbc Global Res raised New Oriental Education & Technology Group to a “hold” rating in a research report on Wednesday, July 30th. Zacks Research cut New Oriental Education & Technology Group from a “hold” rating to a “strong sell” rating in a research report on Monday, November 3rd. Finally, Citigroup dropped their price target on New Oriental Education & Technology Group from $77.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, September 9th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, New Oriental Education & Technology Group presently has a consensus rating of “Hold” and an average price target of $59.53.

New Oriental Education & Technology Group Price Performance

Shares of New Oriental Education & Technology Group stock opened at $55.54 on Wednesday. The stock has a market cap of $9.52 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 1.27 and a beta of 0.30. The firm has a fifty day moving average price of $54.53 and a 200 day moving average price of $50.54. New Oriental Education & Technology Group, Inc. has a 1 year low of $40.66 and a 1 year high of $68.53.

New Oriental Education & Technology Group (NYSE:EDU) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.13). The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.52 billion. New Oriental Education & Technology Group had a net margin of 7.36% and a return on equity of 10.77%. New Oriental Education & Technology Group’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.60 earnings per share. New Oriental Education & Technology Group has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, equities analysts expect that New Oriental Education & Technology Group, Inc. will post 2.75 EPS for the current year.

New Oriental Education & Technology Group Dividend Announcement

The business also recently announced a special dividend, which will be paid on Friday, December 5th. Investors of record on Tuesday, November 18th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, November 18th. New Oriental Education & Technology Group’s dividend payout ratio (DPR) is 25.55%.

New Oriental Education & Technology Group Profile

New Oriental Education & Technology Group, Inc is a holding company, which engages in the provision of private educational services. It operates through the following segments: Educational Services and Test Preparation Courses, Private Label Products and Livestreaming E-Commerce, Overseas Study Consulting Services, and Educational Materials and Distribution.