XY Capital Ltd Acquires New Holdings in New Oriental Education & Technology Group, Inc. $EDU

XY Capital Ltd acquired a new stake in New Oriental Education & Technology Group, Inc. (NYSE:EDU) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 78,110 shares of the company’s stock, valued at approximately $4,298,000. New Oriental Education & Technology Group comprises 2.7% of XY Capital Ltd’s holdings, making the stock its 6th biggest position.

Other large investors have also added to or reduced their stakes in the company. Factory Mutual Insurance Co. bought a new position in New Oriental Education & Technology Group in the 3rd quarter valued at approximately $2,505,000. Serenity Capital Management PTE. LTD. raised its holdings in New Oriental Education & Technology Group by 167.6% during the 3rd quarter. Serenity Capital Management PTE. LTD. now owns 656,878 shares of the company’s stock worth $34,861,000 after purchasing an additional 411,380 shares during the last quarter. First Beijing Investment Ltd raised its holdings in New Oriental Education & Technology Group by 31.4% during the 3rd quarter. First Beijing Investment Ltd now owns 9,346,501 shares of the company’s stock worth $496,019,000 after purchasing an additional 2,231,169 shares during the last quarter. GSA Capital Partners LLP bought a new position in New Oriental Education & Technology Group during the 3rd quarter worth approximately $697,000. Finally, Barclays PLC raised its holdings in New Oriental Education & Technology Group by 104.1% during the 3rd quarter. Barclays PLC now owns 431,564 shares of the company’s stock worth $22,903,000 after purchasing an additional 220,129 shares during the last quarter.

New Oriental Education & Technology Group Stock Down 1.8%

NYSE:EDU opened at $45.30 on Friday. The company has a fifty day moving average of $51.98 and a 200-day moving average of $54.63. The firm has a market capitalization of $7.16 billion, a P/E ratio of 17.36, a P/E/G ratio of 0.64 and a beta of 0.17. New Oriental Education & Technology Group, Inc. has a twelve month low of $41.62 and a twelve month high of $64.97.

New Oriental Education & Technology Group (NYSE:EDU) last posted its quarterly earnings results on Tuesday, April 14th. The company reported $0.10 earnings per share (EPS) for the quarter. New Oriental Education & Technology Group had a net margin of 7.82% and a return on equity of 11.67%. The business had revenue of $1.42 billion during the quarter. On average, analysts anticipate that New Oriental Education & Technology Group, Inc. will post 3.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on EDU. Zacks Research lowered 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 in a report on Thursday. Weiss Ratings lowered shares of New Oriental Education & Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. Finally, New Street Research set a $65.00 price target on shares of New Oriental Education & Technology Group in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $65.24.

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.