New Oriental Education & Technology Group, Inc. $EDU is Monolith Management Ltd’s 4th Largest Position

Monolith Management Ltd boosted its holdings in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 91.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 506,046 shares of the company’s stock after purchasing an additional 241,546 shares during the quarter. New Oriental Education & Technology Group comprises 11.8% of Monolith Management Ltd’s portfolio, making the stock its 4th biggest holding. Monolith Management Ltd owned 0.30% of New Oriental Education & Technology Group worth $26,856,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in shares of New Oriental Education & Technology Group in the 2nd quarter worth about $111,000. Hantz Financial Services Inc. increased its holdings in New Oriental Education & Technology Group by 275.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,395 shares of the company’s stock worth $180,000 after purchasing an additional 2,490 shares during the period. Quantbot Technologies LP raised its holdings in shares of New Oriental Education & Technology Group by 309.7% in the 3rd quarter. Quantbot Technologies LP now owns 3,532 shares of the company’s stock valued at $187,000 after purchasing an additional 2,670 shares in the last quarter. Cerity Partners LLC purchased a new stake in shares of New Oriental Education & Technology Group during the 2nd quarter worth $221,000. Finally, KBC Group NV boosted its holdings in shares of New Oriental Education & Technology Group by 11.3% in the 2nd quarter. KBC Group NV now owns 4,474 shares of the company’s stock valued at $241,000 after buying an additional 454 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EDU. China Renaissance raised New Oriental Education & Technology Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 29th. New Street Research set a $68.00 price target on New Oriental Education & Technology Group in a research report on Wednesday, January 28th. Wall Street Zen raised shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. HSBC raised shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 28th. Finally, Zacks Research raised shares of New Oriental Education & Technology Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, New Oriental Education & Technology Group currently has an average rating of “Buy” and an average price target of $65.84.

New Oriental Education & Technology Group Price Performance

Shares of NYSE EDU opened at $53.13 on Wednesday. New Oriental Education & Technology Group, Inc. has a 1-year low of $40.66 and a 1-year high of $64.97. The stock has a fifty day moving average price of $57.64 and a 200 day moving average price of $55.04. The company has a market cap of $8.40 billion, a PE ratio of 22.51, a P/E/G ratio of 0.91 and a beta of 0.28.

New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings data on Wednesday, January 28th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. New Oriental Education & Technology Group had a net margin of 7.40% and a return on equity of 11.19%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the firm earned $0.22 earnings per share. The firm’s revenue was up 14.7% compared to the same quarter last year. Analysts anticipate that New Oriental Education & Technology Group, Inc. will post 2.75 earnings per share for the current fiscal year.

New Oriental Education & Technology Group 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.