Yue Zhuge Sells 570 Shares of New Oriental Education & Technology Group (NYSE:EDU) Stock

New Oriental Education & Technology Group, Inc. (NYSE:EDU) Director Yue Zhuge sold 570 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $58.99, for a total value of $33,624.30. Following the sale, the director directly owned 1,600 shares of the company’s stock, valued at $94,384. The trade was a 26.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Yue Zhuge also recently made the following trade(s):

• On Monday, August 3rd, Yue Zhuge sold 1,600 shares of New Oriental Education & Technology Group stock. The shares were sold at an average price of $59.55, for a total transaction of $95,280.00.

New Oriental Education & Technology Group Price Performance

NYSE EDU opened at $56.88 on Thursday. The stock has a market capitalization of $8.99 billion, a P/E ratio of 19.22, a PEG ratio of 0.60 and a beta of 0.24. The firm’s 50-day moving average is $48.51 and its two-hundred day moving average is $53.11. New Oriental Education & Technology Group, Inc. has a 12 month low of $44.25 and a 12 month high of $64.97.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wall Street Zen cut shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. The Goldman Sachs Group raised New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and cut their target price for the company from $67.00 to $65.00 in a research report on Thursday, June 11th. Weiss Ratings restated a “hold (c)” rating on shares of New Oriental Education & Technology Group in a research note on Tuesday, July 21st. Finally, New Street Research set a $56.50 price target on New Oriental Education & Technology Group in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, New Oriental Education & Technology Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.54.

Institutional Trading of New Oriental Education & Technology Group

A number of institutional investors and hedge funds have recently bought and sold shares of EDU. Caitong International Asset Management Co. Ltd grew 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 valued at $28,000 after purchasing an additional 512 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in New Oriental Education & Technology Group by 106.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 540 shares of the company’s stock worth $31,000 after buying an additional 279 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new stake in New Oriental Education & Technology Group during the 4th quarter worth approximately $72,000. Raymond James Financial Inc. purchased a new position in New Oriental Education & Technology Group in the 2nd quarter valued at approximately $111,000. Finally, Leonteq Securities AG purchased a new position in New Oriental Education & Technology Group in the 4th quarter valued at approximately $155,000.

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.