Chenggang Zhou Sells 13,052 Shares of New Oriental Education & Technology Group (NYSE:EDU) Stock

New Oriental Education & Technology Group, Inc. (NYSE:EDU) Director Chenggang Zhou sold 13,052 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $56.32, for a total value of $735,088.64. Following the completion of the transaction, the director owned 486,946 shares in the company, valued at approximately $27,424,798.72. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Chenggang Zhou also recently made the following trade(s):

• On Monday, August 10th, Chenggang Zhou sold 56,948 shares of New Oriental Education & Technology Group stock. The stock was sold at an average price of $56.83, for a total value of $3,236,354.84.

New Oriental Education & Technology Group Stock Performance

NYSE EDU opened at $53.40 on Thursday. The business has a fifty day moving average price of $49.45 and a 200 day moving average price of $53.14. New Oriental Education & Technology Group, Inc. has a one year low of $44.25 and a one year high of $64.97. The company has a market cap of $8.44 billion, a P/E ratio of 18.04, a P/E/G ratio of 0.59 and a beta of 0.24.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its stake in 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 purchasing an additional 279 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of New Oriental Education & Technology Group by 10.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,372 shares of the company’s stock valued at $186,000 after buying an additional 324 shares during the period. Vident Advisory LLC grew its stake 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 buying an additional 449 shares during the period. Ieq Capital LLC increased its holdings in shares of New Oriental Education & Technology Group by 11.5% during the 4th quarter. Ieq Capital LLC now owns 4,760 shares of the company’s stock worth $262,000 after buying an additional 492 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of 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 worth $28,000 after buying an additional 512 shares during the last quarter.

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.