XY Capital Ltd Sells 30,240 Shares of New Oriental Education & Technology Group, Inc. $EDU

XY Capital Ltd reduced its position in New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 38.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,870 shares of the company’s stock after selling 30,240 shares during the quarter. New Oriental Education & Technology Group makes up about 2.7% of XY Capital Ltd’s holdings, making the stock its 14th largest position. XY Capital Ltd’s holdings in New Oriental Education & Technology Group were worth $2,711,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its stake 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 acquiring an additional 512 shares during the period. Atlas Capital Advisors Inc. bought a new stake in New Oriental Education & Technology Group in the 4th quarter valued at about $72,000. Raymond James Financial Inc. purchased a new stake in New Oriental Education & Technology Group during the second quarter valued at about $111,000. Leonteq Securities AG purchased a new stake in New Oriental Education & Technology Group during the fourth quarter valued at about $155,000. Finally, PNC Financial Services Group Inc. boosted 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 purchasing an additional 324 shares during the period.

New Oriental Education & Technology Group Stock Down 1.0%

Shares of NYSE EDU opened at $48.73 on Wednesday. The company has a market cap of $7.70 billion, a P/E ratio of 18.67, a P/E/G ratio of 0.69 and a beta of 0.19. New Oriental Education & Technology Group, Inc. has a 52 week low of $41.62 and a 52 week high of $64.97. The business has a 50-day simple moving average of $47.44 and a two-hundred day simple moving average of $53.36.

New Oriental Education & Technology Group (NYSE:EDU) last announced 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 for the quarter. Equities research analysts anticipate that New Oriental Education & Technology Group, Inc. will post 3.14 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.