New Oriental Education & Technology Group, Inc. $EDU Shares Sold by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. decreased its stake in New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 30.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,719 shares of the company’s stock after selling 14,478 shares during the period. Factory Mutual Insurance Co.’s holdings in New Oriental Education & Technology Group were worth $1,801,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. First Beijing Investment Ltd boosted its holdings in shares of New Oriental Education & Technology Group by 31.4% in the 3rd quarter. First Beijing Investment Ltd now owns 9,346,501 shares of the company’s stock valued at $496,019,000 after buying an additional 2,231,169 shares in the last quarter. Alkeon Capital Management LLC boosted its position in shares of New Oriental Education & Technology Group by 101.3% in the 2nd quarter. Alkeon Capital Management LLC now owns 2,193,486 shares of the company’s stock valued at $118,339,000 after purchasing an additional 1,104,000 shares during the period. Tiger Pacific Capital LP acquired a new stake in shares of New Oriental Education & Technology Group in the 2nd quarter valued at about $38,056,000. Serenity Capital Management PTE. LTD. boosted its position in shares of New Oriental Education & Technology Group by 167.6% in the 3rd 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 period. Finally, Wellington Management Group LLP boosted its position in shares of New Oriental Education & Technology Group by 0.4% in the 3rd quarter. Wellington Management Group LLP now owns 618,307 shares of the company’s stock valued at $32,814,000 after purchasing an additional 2,697 shares during the period.

New Oriental Education & Technology Group Price Performance

Shares of NYSE:EDU opened at $56.96 on Friday. New Oriental Education & Technology Group, Inc. has a 1-year low of $41.62 and a 1-year high of $64.97. The firm has a fifty day moving average price of $57.07 and a 200 day moving average price of $55.83. The stock has a market cap of $9.00 billion, a P/E ratio of 24.14, a P/E/G ratio of 0.97 and a beta of 0.32.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EDU. 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. 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. HSBC raised New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of New Oriental Education & Technology Group in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $65.84.

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.