Swedbank AB Has $1.96 Million Stock Holdings in New Oriental Education & Technology Group, Inc. $EDU

Swedbank AB boosted its stake in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 52.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,651 shares of the company’s stock after purchasing an additional 12,200 shares during the period. Swedbank AB’s holdings in New Oriental Education & Technology Group were worth $1,962,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of EDU. First Beijing Investment Ltd boosted its position in New Oriental Education & Technology Group by 31.4% during the third quarter. First Beijing Investment Ltd now owns 9,346,501 shares of the company’s stock valued at $496,019,000 after purchasing an additional 2,231,169 shares during the last quarter. Tiger Pacific Capital LP acquired a new position in New Oriental Education & Technology Group during the second quarter valued at approximately $38,056,000. Serenity Capital Management PTE. LTD. boosted its position in New Oriental Education & Technology Group by 167.6% during the third quarter. Serenity Capital Management PTE. LTD. now owns 656,878 shares of the company’s stock valued at $34,861,000 after purchasing an additional 411,380 shares during the last quarter. Monolith Management Ltd boosted its position in New Oriental Education & Technology Group by 91.3% during the third quarter. Monolith Management Ltd now owns 506,046 shares of the company’s stock valued at $26,856,000 after purchasing an additional 241,546 shares during the last quarter. Finally, Barclays PLC boosted its position in New Oriental Education & Technology Group by 104.1% during the third quarter. Barclays PLC now owns 431,564 shares of the company’s stock valued at $22,903,000 after purchasing an additional 220,129 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on EDU shares. Zacks Research cut New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. China Renaissance raised New Oriental Education & Technology Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 29th. New Street Research set a $68.00 price objective on New Oriental Education & Technology Group in a research report on Wednesday, January 28th. HSBC raised New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 28th. Finally, Wall Street Zen raised New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $65.84.

New Oriental Education & Technology Group Stock Up 0.5%

EDU opened at $47.00 on Thursday. New Oriental Education & Technology Group, Inc. has a 12-month low of $41.62 and a 12-month high of $64.97. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 0.79 and a beta of 0.24. The business has a 50 day moving average of $54.08 and a 200-day moving average of $55.21.

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