New Oriental Education & Technology Group, Inc. $EDU Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP increased its position in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 27.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 48,862 shares of the company’s stock after acquiring an additional 10,669 shares during the period. Quantinno Capital Management LP’s holdings in New Oriental Education & Technology Group were worth $2,767,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its stake 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 worth $28,000 after buying an additional 512 shares during the period. Atlas Capital Advisors Inc. purchased a new position in New Oriental Education & Technology Group in the fourth quarter valued at $72,000. Raymond James Financial Inc. acquired a new stake in shares of New Oriental Education & Technology Group during the 2nd quarter worth about $111,000. Leonteq Securities AG acquired a new stake in New Oriental Education & Technology Group during the fourth quarter worth approximately $155,000. Finally, PNC Financial Services Group Inc. raised its stake in New Oriental Education & Technology Group by 10.6% during the 4th 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.

New Oriental Education & Technology Group Stock Performance

EDU stock opened at $56.37 on Monday. The firm has a market cap of $8.91 billion, a P/E ratio of 19.04, a PEG ratio of 0.60 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. The stock’s 50 day moving average price is $48.93 and its 200 day moving average price is $53.13.

Insider Activity

In other New Oriental Education & Technology Group news, Director Yue Zhuge sold 1,600 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $59.55, for a total transaction of $95,280.00. Following the sale, the director directly owned 2,000 shares of the company’s stock, valued at $119,100. This trade represents a 44.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 15.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. New Street Research set a $56.50 target price on New Oriental Education & Technology Group in a report on Thursday, July 30th. Wall Street Zen downgraded New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings restated a “hold (c)” rating on shares of New Oriental Education & Technology Group in a research report on Tuesday, July 21st. Finally, The Goldman Sachs Group upgraded 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 report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, New Oriental Education & Technology Group presently has an average rating of “Moderate Buy” and a consensus price target of $64.54.

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.