Triata Capital Ltd Has $21.84 Million Stock Holdings in New Oriental Education & Technology Group, Inc. $EDU

Triata Capital Ltd grew its holdings in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 8.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 396,786 shares of the company’s stock after acquiring an additional 29,412 shares during the period. New Oriental Education & Technology Group comprises 2.6% of Triata Capital Ltd’s holdings, making the stock its 10th largest holding. Triata Capital Ltd’s holdings in New Oriental Education & Technology Group were worth $21,835,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Factory Mutual Insurance Co. bought a new position in shares of New Oriental Education & Technology Group during the third quarter valued at $2,505,000. Serenity Capital Management PTE. LTD. raised its stake in shares of New Oriental Education & Technology Group by 167.6% during the third quarter. Serenity Capital Management PTE. LTD. now owns 656,878 shares of the company’s stock valued at $34,861,000 after acquiring an additional 411,380 shares during the last quarter. First Beijing Investment Ltd raised its stake in shares of New Oriental Education & Technology Group by 31.4% during the third quarter. First Beijing Investment Ltd now owns 9,346,501 shares of the company’s stock valued at $496,019,000 after acquiring an additional 2,231,169 shares during the last quarter. Monolith Management Ltd raised its stake 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 valued at $26,856,000 after acquiring an additional 241,546 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of New Oriental Education & Technology Group by 104.1% during the third quarter. Barclays PLC now owns 431,564 shares of the company’s stock valued at $22,903,000 after acquiring an additional 220,129 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group raised shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and dropped their price target for the company from $67.00 to $65.00 in a research note on Thursday, June 11th. Weiss Ratings downgraded shares of New Oriental Education & Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. New Street Research set a $65.00 price target on shares of New Oriental Education & Technology Group in a research note on Thursday, June 11th. Finally, Zacks Research downgraded shares of New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.24.

New Oriental Education & Technology Group Trading Down 0.9%

Shares of New Oriental Education & Technology Group stock opened at $46.64 on Wednesday. The business has a 50-day moving average price of $51.39 and a two-hundred day moving average price of $54.55. New Oriental Education & Technology Group, Inc. has a 1-year low of $41.62 and a 1-year high of $64.97. The company has a market cap of $7.37 billion, a P/E ratio of 17.87, a PEG ratio of 0.65 and a beta of 0.17.

New Oriental Education & Technology Group (NYSE:EDU) last issued its quarterly earnings results 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 firm had revenue of $1.42 billion during the quarter. Equities research analysts forecast 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.