Yue Zhuge Sells 1,600 Shares of New Oriental Education & Technology Group (NYSE:EDU) Stock

New Oriental Education & Technology Group, Inc. (NYSE:EDU) Director Yue Zhuge sold 1,600 shares of New Oriental Education & Technology Group stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $59.55, for a total value of $95,280.00. Following the completion of the transaction, the director owned 2,000 shares in the company, valued at $119,100. The trade was a 44.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Friday, July 31st, Yue Zhuge sold 570 shares of New Oriental Education & Technology Group stock. The stock was sold at an average price of $58.99, for a total value of $33,624.30.

New Oriental Education & Technology Group Trading Down 4.8%

Shares of EDU stock opened at $56.25 on Wednesday. The firm’s fifty day simple moving average is $48.31 and its 200 day simple moving average is $53.10. The firm has a market capitalization of $8.89 billion, a P/E ratio of 19.00, a price-to-earnings-growth ratio of 0.63 and a beta of 0.24. New Oriental Education & Technology Group, Inc. has a 1 year low of $44.25 and a 1 year high of $64.97.

Wall Street Analysts Forecast Growth

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

Institutional Trading of New Oriental Education & Technology Group

Hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its holdings in shares of New Oriental Education & Technology Group by 106.9% during the first quarter. EverSource Wealth Advisors LLC now owns 540 shares of the company’s stock worth $31,000 after acquiring an additional 279 shares during the period. PNC Financial Services Group Inc. raised its position in New Oriental Education & Technology Group by 10.6% during 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. Vident Advisory LLC raised its holdings in shares of New Oriental Education & Technology Group by 8.2% in the 4th quarter. Vident Advisory LLC now owns 5,939 shares of the company’s stock valued at $327,000 after purchasing an additional 449 shares during the period. Ieq Capital LLC lifted its position in shares of New Oriental Education & Technology Group by 11.5% in the fourth quarter. Ieq Capital LLC now owns 4,760 shares of the company’s stock valued at $262,000 after buying an additional 492 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in New Oriental Education & Technology Group by 7,314.3% during the 3rd 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 during the last quarter.

New Oriental Education & Technology Group Company Profile

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.