5 Best Education Stocks To Buy In 2023

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1. New Oriental Education & Technology Group Inc. (NYSE:EDU)

Number of Hedge Fund Holders: 36

New Oriental Education & Technology Group Inc. (NYSE:EDU) offers private educational services under the New Oriental brand in China. The company is divided into several segments, including Educational Services and Test Preparation Courses, Online Education and Other Services, Overseas Study Consulting Services, and Others. It is one of the best education stocks to invest in. 

On January 17, New Oriental Education & Technology Group Inc. (NYSE:EDU) reported a Q2 non-GAAP EPADS of $0.10 and a revenue of $638.2 million, outperforming Wall Street estimates by $0.01 and $24.04 million, respectively. New Oriental Education & Technology Group Inc. (NYSE:EDU) anticipates that its total net revenue for the third quarter of fiscal year 2023 will fall between $702.8 million and $719.8 million. This projection is higher than the consensus estimate of $672.36 million and reflects a year-over-year growth rate ranging from 14% to 17%.

According to Insider Monkey’s fourth quarter database, 36 hedge funds were bullish on New Oriental Education & Technology Group Inc. (NYSE:EDU), compared to 29 funds in the previous quarter. Fang Zheng’s Keywise Capital Management holds nearly 4 million shares in the company and is the largest stakeholder of New Oriental. 

Follow New Oriental Education & Technology Group Inc. (NYSE:EDU)

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