327,183 Shares in New Oriental Education & Technology Group, Inc. $EDU Bought by Lazard Asset Management LLC

Lazard Asset Management LLC bought a new stake in New Oriental Education & Technology Group, Inc. (NYSE:EDU) during the first quarter, HoldingsChannel.com reports. The firm bought 327,183 shares of the company’s stock, valued at approximately $18,528,000.

A number of other hedge funds also recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its holdings in shares of 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 valued at $186,000 after purchasing an additional 324 shares during the last quarter. Vident Advisory LLC lifted its stake in 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 purchasing an additional 449 shares during the last quarter. Ieq Capital LLC lifted its stake in New Oriental Education & Technology Group by 11.5% in the 4th quarter. Ieq Capital LLC now owns 4,760 shares of the company’s stock valued at $262,000 after purchasing an additional 492 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in New Oriental Education & Technology Group by 7,314.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 519 shares of the company’s stock valued at $28,000 after buying an additional 512 shares in the last quarter. Finally, Profund Advisors LLC boosted its position in New Oriental Education & Technology Group by 3.9% in the fourth quarter. Profund Advisors LLC now owns 19,945 shares of the company’s stock valued at $1,098,000 after buying an additional 750 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EDU. Weiss Ratings reiterated a “hold (c)” rating on shares of New Oriental Education & Technology Group in a report on Tuesday, July 21st. New Street Research set a $65.00 price objective on New Oriental Education & Technology Group in a report on Thursday, June 11th. Finally, The Goldman Sachs Group upgraded New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $67.00 to $65.00 in a research report on Thursday, June 11th. One research 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, New Oriental Education & Technology Group presently has an average rating of “Moderate Buy” and a consensus target price of $66.24.

New Oriental Education & Technology Group Price Performance

NYSE:EDU opened at $58.51 on Thursday. New Oriental Education & Technology Group, Inc. has a one year low of $41.62 and a one year high of $64.97. The company has a market cap of $9.25 billion, a PE ratio of 22.42, a P/E/G ratio of 0.71 and a beta of 0.19. The firm’s 50 day simple moving average is $47.44 and its 200 day simple moving average is $53.11.

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 (EPS) for the quarter. The firm had revenue of $1.42 billion during the quarter. New Oriental Education & Technology Group had a net margin of 7.82% and a return on equity of 11.67%. Equities research analysts expect that New Oriental Education & Technology Group, Inc. will post 3.14 EPS for the current year.

New Oriental Education & Technology Group News Roundup

Here are the key news stories impacting New Oriental Education & Technology Group this week:

• Positive Sentiment: New Oriental reported fiscal fourth-quarter revenue of $1.53 billion, exceeding the $1.46 billion analyst consensus. The revenue performance suggests continued demand across its education and service offerings. New Oriental: Fiscal Q4 Earnings Snapshot
• Positive Sentiment: Management projected fiscal 2027 revenue of $6.5 billion to $6.7 billion, above the $6.3 billion consensus estimate. The outlook is the clearest catalyst behind the positive reaction because it points to growth ahead of current expectations. New Oriental shares rise despite earnings miss as revenue beats expectations
• Positive Sentiment: The earnings call highlighted artificial-intelligence initiatives and growth opportunities, while management also discussed returns to shareholders and the company’s longer-term value proposition. New Oriental Earnings Call Highlights AI Growth, Returns
• Neutral Sentiment: Fiscal fourth-quarter earnings per share were $0.60, below the $0.66 consensus estimate by $0.06. The miss limits the upside case, but was outweighed by the revenue beat and above-consensus outlook. New Oriental quarterly earnings data

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.