New Oriental (EDU)

• Market cap: $7.6B
• 1 day: -0.49%
• 5 days: -22.30%
• 1 month: -26.18%
• 3 months: -30.76%
• 6 months: -39.10%
• Year to date: -24.50%
• 1 year: -32.62%
• 5 years: -65.09%
• 10 years: 142.46%

About: New Oriental is a leading private education provider in China. K-9 academic after-school tutoring used to account for 50%-60% of New Oriental's revenue before the regulatory crackdown in 2021. After terminating its K-9 academic after-school tutoring business, New Oriental has identified a few new initiatives such as nonacademic tutoring and intelligent learning systems and devices. The remaining businesses include high school academic after-school tutoring and overseas-related test preparation and consulting business. The company also owns 55% of East Buy, a market leader in livestreaming e-commerce.

Employees: 75,005

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

46% more call options, than puts

Call options by funds: $53.9M | Put options by funds: $36.9M

0.42% less ownership

Funds ownership: 4.33% [Q2] → 3.92% (-0.42%) [Q3]

7% less funds holding

Funds holding: 227 [Q2] → 212 (-15) [Q3]

12% less funds holding in top 10

Funds holding in top 10: 26 [Q2] → 23 (-3) [Q3]

12% less repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 78

13% less capital invested

Capital invested by funds: $5.58B [Q2] → $4.85B (-$728M) [Q3]

24% less first-time investments, than exits

New positions opened: 38 | Existing positions closed: 50

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $44 5% downside
• Avg. target: $49 5% upside
• High target: $52 12% upside

3 analyst ratings

• positive: 0 0%
• neutral: 2 67%
• negative: 1 33%

Morgan Stanley Eddy Wang 0% 1-year accuracy 0 / 1 met price target	12% upside $52	Equal-Weight Downgraded	22 Jan 2025
Macquarie Linda Huang 50% 1-year accuracy 1 / 2 met price target	5% downside $44	Underperform Downgraded	22 Jan 2025
JP Morgan DS Kim 0% 1-year accuracy 0 / 1 met price target	8% upside $50	Neutral Downgraded	22 Jan 2025