New Oriental (ADR) (EDU)
Provides education and test preparation, study-abroad consulting, and private-label products through livestreaming commerce in China.
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Offers private educational services and test-preparation courses, overseas-study consulting, and private-label products sold through livestreaming e-commerce. The China-focused business was reshaped after 2021 rules ended K–9 academic after-school tutoring.
Provides private educational services in China, including educational services and test-preparation courses, overseas-study consulting, and private-label products sold through livestreaming e-commerce. Its education roots trace to a Beijing TOEFL-preparation school founded in 1993, while the current offering reaches students across China.
The online-education business reacquired from East Buy is recorded primarily under test-preparation courses. Substantially all business is conducted in China through contractual arrangements with variable-interest entities and related schools and subsidiaries.
China’s 2021 restrictions on for-profit tutoring in school-curriculum subjects caused K–9 Academic AST Services to stop by year-end. The business mix was reshaped by that regulatory boundary.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 30, 2026 | New Street | Target | Target: $65 | Target: $56.50 |
| Jul 30, 2026 | Macquarie | Upgrade | ||
| Jun 12, 2026 | Goldman Sachs | Upgrade | ||
| Jun 11, 2026 | New Street | Target | Target: $68 | Target: $65 |
| Jan 28, 2026 | New Street | Target | Target: $36.60 | Target: $68 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, May 31, 2026Cash & short-term investments $5.29B · Total debt $848.8M · Total assets $8.79B · Shareholders' equity $3.99B
- Revenue
- $1.53B
- Operating income
- $85.9M
- Net income
- $62.3M
HistoryDividendAnnual yield
| Institutions | 30.90% | 48.78M ADS | |
|---|---|---|---|
| 176 holders · as of Jun 30, 2026 | |||
| Insiders | 13.22% | 20.87M ADS | |
| 6 holders · as of Aug 11, 2026 | |||
| Other | 55.88% | 88.21M ADS | |
| remainder | |||
157.85M ADS (1 ADS = 10 ordinary shares) as of Aug 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's May 2025 annual report; nothing newer is on file here.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Michael Minhong YuInsiderdirector | 12.70% | 3.52M ADS · 165.24M ordinary | filed Jul 16, 2026 |
First Beijing Investment LtdInstitution | 5.53% | 8.73M ADS | as of Jun 30, 2026 |
Invesco Ltd.Institution | 3.05% | 4.82M ADS | as of Jun 30, 2026 |
Aspex Management (HK) LtdInstitution | 2.87% | 4.52M ADS | as of Jun 30, 2026 |
Discerene Group LPInstitution | 1.95% | 3.08M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 10, 2026 | Chenggang Zhou | director | −56,948 | $56.83 |
| Aug 7, 2026 | Chenggang Zhou | director | −13,052 | $56.32 |
| Aug 3, 2026 | Yue Zhuge | director | −1,600 | $59.55 |
| Jul 31, 2026 | Yue Zhuge | director | −570 | $58.99 |
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- Youdao (ADR)
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CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| New Oriental (ADR) | $54.74 | +0.04% | $8.70B | 18.6 | 14.2 | 1.5 | +23.0% |
| Education Group (TAL) (ADR) | $11.88 | +0.04% | $7.19B | 2.4 | 13.3 | 2.2 | +31.9% |
| Gaotu Techedu (ADR) | $2.31 | 0.00% | $798.0M | — | — | 0.8 | −81.1% |
| Youdao (ADR) | $14.74 | −0.03% | $1.72B | 73.1 | 50.4 | 1.9 | +9.1% |
| Median | 37.8 | 31.9 | 1.9 | +9.1% |