OPTIMAS CAPITAL Ltd Takes Position in New Oriental Education & Technology Group, Inc. $EDU

OPTIMAS CAPITAL Ltd purchased a new position in New Oriental Education & Technology Group, Inc. (NYSE:EDU) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 37,200 shares of the company’s stock, valued at approximately $1,974,000. New Oriental Education & Technology Group makes up about 1.2% of OPTIMAS CAPITAL Ltd’s holdings, making the stock its 24th largest position.

Several other institutional investors and hedge funds have also bought and sold shares of EDU. Aspex Management HK Ltd grew its holdings in shares of New Oriental Education & Technology Group by 18.8% during the 2nd quarter. Aspex Management HK Ltd now owns 6,981,188 shares of the company’s stock worth $376,635,000 after acquiring an additional 1,106,716 shares during the period. Alkeon Capital Management LLC grew its stake in New Oriental Education & Technology Group by 101.3% in the second quarter. Alkeon Capital Management LLC now owns 2,193,486 shares of the company’s stock worth $118,339,000 after purchasing an additional 1,104,000 shares during the period. Tiger Pacific Capital LP purchased a new stake in New Oriental Education & Technology Group in the second quarter worth $38,056,000. Norges Bank bought a new position in New Oriental Education & Technology Group in the second quarter worth $33,659,000. Finally, Carrhae Capital LLP purchased a new position in New Oriental Education & Technology Group during the second quarter valued at $18,717,000.

New Oriental Education & Technology Group Stock Performance

New Oriental Education & Technology Group stock opened at $62.75 on Monday. The stock has a market cap of $9.92 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 1.07 and a beta of 0.27. The stock has a fifty day moving average of $56.35 and a 200 day moving average of $53.37. New Oriental Education & Technology Group, Inc. has a one year low of $40.66 and a one year high of $64.97.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EDU. China Renaissance raised shares of New Oriental Education & Technology Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 29th. Wall Street Zen upgraded shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. New Street Research set a $68.00 target price on shares of New Oriental Education & Technology Group in a report on Wednesday, January 28th. Zacks Research raised New Oriental Education & Technology Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $60.00 price objective on shares of New Oriental Education & Technology Group in a research report on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, New Oriental Education & Technology Group presently has a consensus rating of “Buy” and a consensus price target of $65.84.

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.