Alkeon Capital Management Adds $13M in New Oriental Education & Technology Group Inc. ($EDU)
Key Points
- Alkeon Capital Management changed its New Oriental Education & Technology Group Inc. ($EDU) stake by 19.3% last quarter, boosting to 1,727,986 shares worth $78.09 million.
- Wall Street's consensus rating on $EDU is Buy and an average price target of $70.70.
- $EDU last traded around $45.19.
Alkeon Capital Management increased its position in New Oriental Education & Technology Group Inc. ($EDU) by 19.3% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,727,986 shares of New Oriental Education & Technology Group Inc. after buying 280,000 shares during the quarter. Alkeon Capital Management's holdings in New Oriental Education & Technology Group Inc. were worth $78.09 million as of its most recent filing.
New Oriental Education & Technology Group Inc. ($EDU) Stock
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Analysts Set New Price Targets
About New Oriental Education & Technology Group Inc.
New Oriental Education & Technology Group Inc. engages in the provision of private educational services under the New Oriental brand in the People's Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Private Label Products and Livestreaming E-Commerce; Overseas Study Consulting Services; and Educational Materials and Distribution. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the Commonwealth countries, and the People's Republic of China. It also provides non-academic tutoring courses; intelligent learning systems and devices to offer a digital learning experience for students; and overseas studies consulting services. In addition, the company offers online education services through the Koolearn.com platform. Further, it develops and edits educational materials for language training and test preparation. In addition, the company offers educational programs, services, and products to students through schools; learning centers; and bookstores, as well as through its online learning platforms. New Oriental Education & Technology Group Inc. was founded in 1993 and is headquartered in Beijing, the People's Republic of China.
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